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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, REFI is a bad performer in the overall market: 82% of all stocks are doing better.
- REFI is one of the lesser performing stocks in the Mortgage Real Estate Investment Trusts (REITs)" industry. 71% of 68 stocks in the same industry do better.
- 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 11.62 - 12.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
REFI has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.06, a Stop Loss order could be placed below this zone.
More info and screens
11.60
We found 2 important support areas.
- A support zone ranging from 11.94 to 12.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 12.69 to 12.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.13 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 | NEUTRAL | NEUTRAL | The short term trend for REFI is neutral. |
| ChartMill Relative Strength | 18.54 | NEGATIVE | REFI has a low relative strength, it was outperformed by 81.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of REFI is above 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) | 50.28 | NEUTRAL | The RSI value for REFI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests REFI has a positive trend. |
| Stochastics (14,3) | 77.31 | NEUTRAL | The Stochastics value for REFI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for REFI suggests some volalility. |
| Average Directional Index/ADX (14) | 32.26 | POSITIVE | The high ADX value value for REFI suggests a strong trend. |
12.15
-0.1 (-0.82%)
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 50.276. 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 neutral.
What is the support and resistance level for REFI stock?
CHICAGO ATLANTIC REAL ESTATE (REFI) has a support level at 12.06 and a resistance level at 12.69. Check the full technical report for our detailed analysis of REFI support and resistance levels.