NORTHVIEW RESIDENTIAL REIT (NRR-UN.CA) Stock Technical Analysis
TSX:NRR-UN - Toronto Stock Exchange - CA66719E1025 - REIT - Currency: CAD
Overall NRR-UN gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NRR-UN is a bad performer.
Although the technical rating is only medium, NRR-UN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 16.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.26, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.56
We found 4 important support areas.
- A support zone ranging from 15.96 to 16.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.95 to 15.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.06 to 14.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.83 to 16.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.25 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NRR-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRR-UN.CA is up. |
| ChartMill Relative Strength | 37.88 | NEUTRAL | NRR-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NRR-UN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRR-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NRR-UN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.94 | NEUTRAL | The RSI value for NRR-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NRR-UN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.24 | NEUTRAL | The Stochastics value for NRR-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for NRR-UN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.35 | NEGATIVE | The low ADX value for NRR-UN.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.62 | 15.95 | 0.67 (4.03%) | 24.81% |
| An entry @16.62. This is a Buy Stop order right above the 10 day high. | An exit @15.95. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.67 points, which is 4.03%. | For a 1.00% total portfolio risk, you can invest 24.81% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:NRR-UN (7/14/2025, 7:00:00 PM)
16.3
0 (0%)