REAL BROKERAGE INC/THE (REAX) Stock Technical Analysis
USA - NASDAQ:REAX - CA75585H2063 - Common Stock
5.02 USD
+0.12 (+2.45%)
4.9005 USD
-0.12 (-2.38%)
We assign a technical rating of 7 out of 10 to REAX. Although REAX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
REAX has an average volume of 1909420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, REAX outperforms 41% of them, which is more or less in line with the market.
REAX is part of the Real Estate Management & Development industry. There are 64 other stocks in this industry, REAX did better than 47% of them.
REAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REAX is lagging the market.
In the last month REAX has a been trading in the 4.61 - 5.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
REAX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 5.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.89, a Stop Loss order could be placed below this zone.
More info and screens
3.78
5.46
We found 4 important support areas.
- A support zone ranging from 4.89 to 4.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.14 from a trend line in the weekly time frame.
- Support @3.95 from a horizontal line in the daily time frame.
- Support @3.82 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.27 to 5.28. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 5.39 to 5.41. 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 REAX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for REAX is neutral. |
| ChartMill Relative Strength | 41.28 | NEUTRAL | REAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of REAX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of REAX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for REAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests REAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.42 | NEUTRAL | The Stochastics value for REAX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for REAX suggests some volalility. |
| Average Directional Index/ADX (14) | 29.46 | POSITIVE | The high ADX value value for REAX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 5.29 | 4.88 | 0.41 (7.75%) | 12.90% |
| An entry @5.29. This is a Buy Stop order right above the resistance zone. | An exit @4.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 7.75%. | When investing 12.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
5.02
+0.12 (+2.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryReal Estate Management & Development
Performance
% Chg2.45%
1 Week-1.38%
2 Weeks-3.92%
1 Month8.42%
3 Month11.56%
6 Month21.26%
12 Month-9.22%
2 Year246.21%
3 Year248.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%4.46%
ATR Inc-19.05%
Range Today0.2
ADR(20)0.22
ADR(20)%4.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.28
Mansfield-0.46
10 Day High5.25
10 Day Low4.85
20 Day High5.41
20 Day Low4.61
52 Week High6.61
52 Week Low3.8
CS1 End4.89
CR1 Start5.27
Volume & EV
DER(3)2.21%
DER(5)1.79%
Volume1.73M
Volume Incr-10.07%
Vol(5)2.45M
Vol(50)1.91M