PINE Technical Analysis - ALPINE INCOME PROPERTY TRUST

Technical Rating and Analysis

Taking everything into account, PINE scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PINE was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, PINE is a bad performer in the overall market: 84% of all stocks are doing better.

PINE is one of the lesser performing stocks in the Diversified REITs industry. 76% of 129 stocks in the same industry do better.

PINE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

In the last month PINE has a been trading in the 14.45 - 15.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALPINE INCOME PROPERTY TRUST / PINE Weekly stock chart

ALPINE INCOME PROPERTY TRUST / PINE Daily stock chart

Setup Rating and Analysis

PINE has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.81

17.09

When analyzing the support we notice one important area.

A support zone ranging from 13.95 to 14.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 14.93 to 15.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @16.92 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for PINE is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for PINE is neutral.
ChartMill Relative Strength	16.28	NEGATIVE	PINE has a low relative strength, it was outperformed by 83.72% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PINE is below 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)	DOWN	NEGATIVE	The current price of PINE is below a declining SMA(200).
Relative Strength Index/RSI (14)	48.13	NEUTRAL	The RSI value for PINE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests PINE has a negative trend.
Stochastics (14,3)	40.59	NEUTRAL	The Stochastics value for PINE is a neutral value.
Average True Range in percent/ATR (20)	1.83	LOW VOLATILITY	The low ATR as a percentage value for PINE suggests low volalility.
Average Directional Index/ADX (14)	34.04	POSITIVE	The high ADX value value for PINE suggests a strong trend.