CDN Real Estate Un (REF-UN.CA) Stock Technical Analysis
TSX:REF-UN
Overall REF-UN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, REF-UN is only an average performer.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by REF-UN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- When comparing the yearly performance of all stocks, we notice that REF-UN is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month REF-UN has a been trading in a tight range between 49.51 and 52.39.
- Volume is considerably higher in the last couple of days.
Although REF-UN has an excellent technical rating, it 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.
More info and screens
46.24
We found 3 important support areas.
- A support zone ranging from 49.91 to 50.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.93 to 48.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.71 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.96 to 51.96. 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 REF-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REF-UN.CA is up. |
| ChartMill Relative Strength | 76.46 | POSITIVE | REF-UN.CA has a high relative strength, it outperformed 76.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REF-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REF-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REF-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.08 | NEUTRAL | The RSI value for REF-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests REF-UN.CA has a positive trend. |
| Stochastics (14,3) | 56.09 | NEUTRAL | The Stochastics value for REF-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for REF-UN.CA suggests low volalility. |
TSX:REF-UN (5/7/2018, 4:00:00 PM)
51.95
+0.6 (+1.17%)
CDN Real Estate Un / REF-UN.CA FAQ
Can you provide the ChartMill technical rating for CDN Real Estate Un?
ChartMill assigns a technical rating of 8 / 10 to REF-UN.CA.
What is the trend direction for REF-UN stock?
The current trend direction for CDN Real Estate Un (REF-UN.CA) is Bullish.
Can you provide the RSI signal for CDN Real Estate Un?
CDN Real Estate Un (REF-UN.CA) has an RSI value of 69.0794. This indicates that the stock is currently neutral.
What is the MACD signal for CDN Real Estate Un (REF-UN.CA) stock?
The MACD indicator for CDN Real Estate Un (REF-UN.CA) has a value of 0.0540783, indicating a bearish trend.
What is the support and resistance level for REF-UN stock?
CDN Real Estate Un (REF-UN.CA) has a support level at 50.84 and a resistance level at 51.96. Check the full technical report for our detailed analysis of REF-UN.CA support and resistance levels.