ISHARES MORTGAGE REAL ESTATE (REM) Stock Technical Analysis
USA - NYSEARCA:REM - US46435G3424 - ETF
21.85 USD
-0.13 (-0.59%)
22.09 USD
+0.24 (+1.1%)
Overall REM gets a technical rating of 1 out of 10. REM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
73% of all other stocks performed better in the past year than REM.
In the last month REM has a been trading in the 21.72 - 23.70 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
REM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REM is lagging the market.
REM has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
21.42
24.13
We found 1 important support area.
- Support @21.64 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.88 to 22.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for REM is down. |
| ChartMill Relative Strength | 27.66 | NEGATIVE | REM has a low relative strength, it was outperformed by 72.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of REM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of REM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of REM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.57 | NEUTRAL | The RSI value for REM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests REM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.32 | OVERSOLD | The low Stochastics value suggests REM may be oversold. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for REM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for REM suggests a possible start of a new 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)
21.85
-0.13 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.59%
1 Week0%
2 Weeks-5.66%
1 Month-4.29%
3 Month-0.59%
6 Month5.45%
12 Month-5.25%
2 Year-2.19%
3 Year4.35%
5 Year-15.18%
10 Year-45.05%
15 Year-62.51%
Volatility
ATR(14)0.33
ATR(20)%1.48%
ATR Inc5.36%
Range Today0.42
ADR(20)0.29
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.66
Mansfield-1.1
10 Day High22.85
10 Day Low21.72
20 Day High23.7
20 Day Low21.72
52 Week High23.71
52 Week Low18.34
CS1 End21.64
CR1 Start21.88
Volume & EV
DER(3)1.82%
DER(5)-0.92%
Volume595.50K
Volume Incr0.01%
Vol(5)643.30K
Vol(50)531.95K