CHICAGO ATLANTIC REAL ESTATE (REFI) Stock Technical Analysis
NASDAQ:REFI • US1672391026
Taking everything into account, REFI scores 0 out of 10 in our technical rating. REFI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, REFI is a bad performer in the overall market: 83% of all stocks are doing better.
- REFI is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 72% of 70 stocks in the same industry do better.
- REFI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month REFI has a been trading in the 11.62 - 12.65 range, which is quite wide. It is currently trading near the lows of this range.
REFI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.78, a Stop Loss order could be placed below this zone.
More info and screens
11.66
We found 1 important support area.
- A support zone ranging from 11.78 to 11.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 11.99 to 12.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.42 to 12.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.20 to 13.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.99 to 16.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for REFI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for REFI is down. |
| ChartMill Relative Strength | 17.84 | NEGATIVE | REFI has a low relative strength, it was outperformed by 82.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of REFI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of REFI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of REFI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.17 | NEUTRAL | The RSI value for REFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests REFI has a negative trend. |
| Stochastics (14,3) | 29.5 | NEUTRAL | The Stochastics value for REFI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for REFI suggests some volalility. |
| Average Directional Index/ADX (14) | 35.83 | POSITIVE | The high ADX value value for REFI suggests a strong trend. |
11.79
-0.09 (-0.76%)
CHICAGO ATLANTIC REAL ESTATE / REFI FAQ
Can you provide the ChartMill technical rating for CHICAGO ATLANTIC REAL ESTATE?
ChartMill assigns a technical rating of 0 / 10 to REFI.
What is the current trend direction of CHICAGO ATLANTIC REAL ESTATE (REFI) stock?
The current trend direction for CHICAGO ATLANTIC REAL ESTATE (REFI) is Bearish.
What is the RSI signal for REFI stock?
CHICAGO ATLANTIC REAL ESTATE (REFI) has an RSI value of 36.1712. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHICAGO ATLANTIC REAL ESTATE?
The short term momentum for CHICAGO ATLANTIC REAL ESTATE (REFI) is negative.
What is the support and resistance level for REFI stock?
CHICAGO ATLANTIC REAL ESTATE (REFI) has a support level at 11.78 and a resistance level at 11.99. Check the full technical report for our detailed analysis of REFI support and resistance levels.