RIOCAN REAL ESTATE INVST TR (REI-UN.CA) Stock Technical Analysis
TSX:REI-UN - Toronto Stock Exchange - CA7669101031 - REIT - Currency: CAD
Overall REI-UN gets a technical rating of 2 out of 10. In the past year, REI-UN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
73% of all other stocks performed better in the past year than REI-UN.
REI-UN is one of the lesser performing stocks in the Diversified REITs industry. 78% of 38 stocks in the same industry do better.
In the last month REI-UN has a been trading in the 16.73 - 17.75 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
REI-UN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so REI-UN is lagging the market slightly.
Although the technical rating is bad, REI-UN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 17.34, a Stop Loss order could be placed below this zone.
More info and screens
16.00
20.86
3 important support areas can be observed.
- A support zone ranging from 17.02 to 17.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.59 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.16 to 16.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @18.66 from a trend line in the weekly time frame.
- Resistance @19.41 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 19.94 to 20.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @20.65 from a horizontal line in the daily 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 REI-UN.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REI-UN.CA is up. |
| ChartMill Relative Strength | 27.62 | NEGATIVE | REI-UN.CA has a low relative strength, it was outperformed by 72.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REI-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of REI-UN.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of REI-UN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.29 | NEUTRAL | The RSI value for REI-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests REI-UN.CA has a positive trend. |
| Stochastics (14,3) | 71.85 | NEUTRAL | The Stochastics value for REI-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.72 | LOW VOLATILITY | The low ATR as a percentage value for REI-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for REI-UN.CA suggests a weak or negative 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)
TSX:REI-UN (5/29/2025, 7:00:00 PM)
17.51
+0.09 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.52%
1 Week2.4%
2 Weeks1.21%
1 Month1.68%
3 Month-9.7%
6 Month-7.89%
12 Month1.27%
2 Year-12.54%
3 Year-23.03%
5 Year20.26%
10 Year-36.79%
15 Year-7.11%
Volatility
ATR(14)0.31
ATR(20)%1.72%
ATR Inc-13.9%
Range Today0.34
ADR(20)0.29
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.62
Mansfield-0.72
10 Day High17.75
10 Day Low16.91
20 Day High17.75
20 Day Low16.73
52 Week High20.83
52 Week Low15.46
CS1 End17.34
CR1 Start18.66
Volume & EV
DER(3)-0.67%
DER(5)2.99%
Volume587.55K
Volume Incr-39.24%
Vol(5)476.05K
Vol(50)930.78K