CHICAGO ATLANTIC REAL ESTATE (REFI) Stock Technical Analysis
USA - NASDAQ:REFI - US1672391026 - REIT
12.66 USD
-0.19 (-1.48%)
12.66 USD
0 (0%)
Taking everything into account, REFI scores 0 out of 10 in our technical rating. REFI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
86% of all other stocks performed better in the past year than REFI.
REFI is part of the Mortgage Real Estate Investment Trusts (REITs)" industry. There are 67 other stocks in this industry, of which 69% are performing better than REFI.
REFI 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.
In the last month REFI has a been trading in the 12.33 - 14.47 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
The technical rating of REFI is bad and it also does not present a 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
12.53
16.54
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 12.87 to 13.05. 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 13.98 to 13.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.43 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.79 to 16.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @16.38 from a horizontal line 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 | 14.17 | NEGATIVE | REFI has a low relative strength, it was outperformed by 85.83% 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) | 34.34 | NEUTRAL | The RSI value for REFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests REFI has a negative trend. |
| Stochastics (14,3) | 26.62 | NEUTRAL | The Stochastics value for REFI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for REFI suggests some volalility. |
| Average Directional Index/ADX (14) | 35.34 | POSITIVE | The high ADX value value for REFI 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)
12.66
-0.19 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Performance
% Chg-1.48%
1 Week-4.74%
2 Weeks-5.94%
1 Month-12.08%
3 Month-11.16%
6 Month-11.03%
12 Month-17.9%
2 Year-10.15%
3 Year-14.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%2.85%
ATR Inc15.31%
Range Today0.32
ADR(20)0.35
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.17
Mansfield-2.38
10 Day High13.49
10 Day Low12.33
20 Day High14.47
20 Day Low12.33
52 Week High16.29
52 Week Low12.33
CS1 EndN/A
CR1 Start12.87
Volume & EV
DER(3)3.85%
DER(5)2.68%
Volume155.90K
Volume Incr38.86%
Vol(5)208.68K
Vol(50)129.83K