ISHARES MORTGAGE REAL ESTATE (REM) Stock Technical Analysis
NYSEARCA:REM - NYSE Arca - US46435G3424 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to REM. REM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
69% of all other stocks performed better in the past year than REM.
In the last month REM has a been trading in the 20.35 - 22.04 range, which is quite wide. It is currently trading near the lows of this range.
REM 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 REM is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
The technical rating of REM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.92
24.26
We found 1 important support area.
- A support zone ranging from 19.11 to 19.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.32 to 21.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @21.86 from a trend line in the daily time frame.
- A resistance zone ranging from 23.14 to 24.02. 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 | DOWN | NEGATIVE | The long term trend for REM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for REM is neutral. |
| ChartMill Relative Strength | 31.58 | NEUTRAL | REM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of REM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of REM is below a declining 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) | 42.89 | NEUTRAL | The RSI value for REM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests REM has a negative trend. |
| Stochastics (14,3) | 32.88 | NEUTRAL | The Stochastics value for REM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for REM suggests low volalility. |
| Average Directional Index/ADX (14) | 17.69 | 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)
20.77
+0.02 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week-5.07%
2 Weeks-1.94%
1 Month0.83%
3 Month-10.44%
6 Month-9.54%
12 Month-6.4%
2 Year-3.12%
3 Year-32.21%
5 Year-8.42%
10 Year-55.43%
15 Year-65.06%
Volatility
ATR(14)0.36
ATR(20)%1.77%
ATR Inc164%
Range Today0.57
ADR(20)0.33
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.58
Mansfield-1.01
10 Day High22.04
10 Day Low20.35
20 Day High22.04
20 Day Low20.35
52 Week High24.88
52 Week Low18.34
CS1 End19.25
CR1 Start21.32
Volume & EV
DER(3)0.03%
DER(5)0.66%
Volume779.30K
Volume Incr-11.04%
Vol(5)356.88K
Vol(50)660.93K