PRV-DB Technical Analysis - PRO REIT

Technical Rating and Analysis

Overall PRV-DB gets a technical rating of 7 out of 10. Although PRV-DB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: PRV-DB has an average volume of 29320 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

PRV-DB is part of the Diversified REITs industry. There are 38 other stocks in this industry. PRV-DB outperforms 94% of them.

PRV-DB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRV-DB is lagging the market slightly.

When comparing the performance of all stocks over the past year, PRV-DB turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.

In the last month PRV-DB has a been trading in a tight range between 103.00 and 108.00.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although PRV-DB has an excellent technical rating, the quality of the presented setup is not ideal 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

96.53

108.83

When analyzing the support we can see 2 important areas.

A support zone ranging from 99.83 to 104.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 97.51 to 98.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

Resistance @105.59 from a horizontal line in the weekly time frame.
Resistance @107.75 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	UP	POSITIVE	The long term trend for PRV-DB.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PRV-DB.CA is up.
ChartMill Relative Strength	41.33	NEUTRAL	PRV-DB.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PRV-DB.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PRV-DB.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PRV-DB.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.41	NEUTRAL	The RSI value for PRV-DB.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests PRV-DB.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	40.07	NEUTRAL	The Stochastics value for PRV-DB.CA is a neutral value.
Average True Range in percent/ATR (20)	0.84	LOW VOLATILITY	The low ATR as a percentage value for PRV-DB.CA suggests low volalility.
Average Directional Index/ADX (14)	13.45	NEGATIVE	The low ADX value for PRV-DB.CA suggests a weak or negative trend.