NASDAQ:REG - US7588491032 - REIT
We assign a technical rating of 5 out of 10 to REG. In the last year, REG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, REG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 73.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
68.08
2 important support areas can be observed.
2 important resistance areas can be observed.
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 | NEUTRAL | NEUTRAL | The long term trend for REG is neutral. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REG is up. |
ChartMill Relative Strength | 32.87 | NEUTRAL | REG is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REG is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REG is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of REG is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 55.52 | NEUTRAL | The RSI value for REG is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests REG has a positive trend. |
Stochastics (14,3) | 59.82 | NEUTRAL | The Stochastics value for REG is a neutral value. |
Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for REG suggests low volalility. |
Average Directional Index/ADX (14) | 13.43 | NEGATIVE | The low ADX value for REG suggests a weak or negative trend. |
72.47
+0.4 (+0.56%)