Taking everything into account, REM scores 6 out of 10 in our technical rating. REM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
REM has an average technical rating and it also does not offer a high 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.
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21.42
When analyzing the support we notice one important area.
- A support zone ranging from 21.64 to 22.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @23.23 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 23.69 to 23.89. 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 | NEUTRAL | NEUTRAL | The long term trend for REM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REM is up. |
| ChartMill Relative Strength | 42.6 | 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) | 65.39 | NEUTRAL | The RSI value for REM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests REM has a positive trend. |
| Stochastics (14,3) | 91.21 | OVERBOUGHT | The high Stochastics value suggests REM may be overbought. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for REM suggests low volalility. |
| Average Directional Index/ADX (14) | 18.21 | NEGATIVE | The low ADX value for REM suggests a weak or negative trend. |
22.91
+0.02 (+0.09%)
ISHARES MORTGAGE REAL ESTATE / REM FAQ
Can you provide the ChartMill technical rating for ISHARES MORTGAGE REAL ESTATE?
ChartMill assigns a technical rating of 6 / 10 to REM.
What is the trend direction for REM stock?
The current trend direction for ISHARES MORTGAGE REAL ESTATE (REM) is Bearish.
What is the RSI signal for ISHARES MORTGAGE REAL ESTATE (REM) stock?
ISHARES MORTGAGE REAL ESTATE (REM) has an RSI value of 65.3876. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES MORTGAGE REAL ESTATE?
The MACD indicator for ISHARES MORTGAGE REAL ESTATE (REM) has a value of 0.114953, indicating a bearish trend.
What is the support and resistance level for REM stock?
ISHARES MORTGAGE REAL ESTATE (REM) has a support level at 22.35 and a resistance level at 23.23. Check the full technical report for our detailed analysis of REM support and resistance levels.