ALPINE INCOME PROPERTY TRUST (PINE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PINE - US02083X1037 - REIT
We assign a technical rating of 8 out of 10 to PINE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PINE is only an average performer.
Besides having an excellent technical rating, PINE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.50, a Stop Loss order could be placed below this zone.
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15.96
2 important support areas can be observed.
- A support zone ranging from 17.23 to 17.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.12 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 17.52 to 17.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PINE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PINE is up. |
| ChartMill Relative Strength | 65.07 | NEUTRAL | PINE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PINE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PINE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PINE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.6 | OVERBOUGHT | The high RSI value suggests PINE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PINE has a negative trend. |
| Stochastics (14,3) | 89.52 | OVERBOUGHT | The high Stochastics value suggests PINE may be overbought. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for PINE suggests some volalility. |
| Average Directional Index/ADX (14) | 53.35 | POSITIVE | The high ADX value value for PINE suggests a strong 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 |
|---|---|---|---|
| 17.53 | 17.22 | 0.31 (1.77%) | 25.00% |
| An entry @17.53. This is a Buy Stop order right above the resistance zone. | An exit @17.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.31 points, which is 1.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- The distance between exit and entry is rather small compared to the average daily movement of PINE. Please evaluate whether better entry and exit points can be found.
- 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.
17.51
+0.18 (+1.04%)
ALPINE INCOME PROPERTY TRUST / PINE FAQ
What is the technical rating for PINE stock?
ChartMill assigns a technical rating of 8 / 10 to PINE.
What is the trend direction for PINE stock?
The current trend direction for ALPINE INCOME PROPERTY TRUST (PINE) is Bullish.
What is the RSI signal for ALPINE INCOME PROPERTY TRUST (PINE) stock?
ALPINE INCOME PROPERTY TRUST (PINE) has an RSI value of 76.6011. This indicates that the stock is currently overbought.
What is the short term momentum for PINE stock?
The short term momentum for ALPINE INCOME PROPERTY TRUST (PINE) is positive.
Can you provide the support and resistance levels for ALPINE INCOME PROPERTY TRUST?
ALPINE INCOME PROPERTY TRUST (PINE) has a support level at 17.5 and a resistance level at 17.52. Check the full technical report for our detailed analysis of PINE support and resistance levels.