ISHARES MORTGAGE REAL ESTATE (REM) Stock Technical Analysis
NYSEARCA:REM - US46435G3424 - ETF
23.35 USD
+0.38 (+1.65%)
23.49 USD
+0.14 (+0.6%)
We assign a technical rating of 8 out of 10 to REM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, REM is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
REM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so REM is lagging the market slightly.
In the last month REM has a been trading in the 21.76 - 23.35 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, REM turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
Although REM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.92
24.98
4 important support areas can be observed.
- Support @23.24 from a horizontal line in the daily time frame.
- A support zone ranging from 21.64 to 22.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.75 to 20.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @23.89 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 24.51 to 24.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for REM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REM is up. |
| ChartMill Relative Strength | 46.43 | NEUTRAL | REM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.49 | NEUTRAL | The RSI value for REM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests REM has a positive trend. |
| Stochastics (14,3) | 91.77 | OVERBOUGHT | The high Stochastics value suggests REM may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for REM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.37 | NEGATIVE | The low ADX value for REM 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)
23.35
+0.38 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.65%
1 Week3.27%
2 Weeks4.19%
1 Month6.91%
3 Month8.91%
6 Month-0.38%
12 Month-0.98%
2 Year4.52%
3 Year11.51%
5 Year-9.36%
10 Year-41.27%
15 Year-59.93%
Volatility
ATR(14)0.28
ATR(20)%1.21%
ATR Inc38.8%
Range Today0.35
ADR(20)0.26
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.43
Mansfield-0.44
10 Day High23.35
10 Day Low22.05
20 Day High23.35
20 Day Low21.76
52 Week High24.88
52 Week Low18.34
CS1 End23.24
CR1 Start23.89
Volume & EV
DER(3)12.29%
DER(5)6.6%
Volume488.40K
Volume Incr-15.35%
Vol(5)320.98K
Vol(50)402.11K