REZ Technical Analysis - ISHARS RES AND MULTI REALES

Technical Rating and Analysis

Taking everything into account, REZ scores 1 out of 10 in our technical rating. In the last year, REZ was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, REZ is a bad performer in the overall market: 74% of all stocks are doing better.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

REZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REZ is lagging the market.

In the last month REZ has a been trading in a tight range between 82.41 and 85.31.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ISHARS RES AND MULTI REALES / REZ Weekly stock chart

ISHARS RES AND MULTI REALES / REZ Daily stock chart

Setup Rating and Analysis

REZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for REZ in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

77.43

87.28

When analyzing the support we can see 2 important areas.

A support zone ranging from 81.20 to 81.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 78.21 to 78.21. This zone is formed by a combination of multiple trend lines in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 83.02 to 84.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @86.42 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 REZ is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for REZ is down.
ChartMill Relative Strength	26.74	NEGATIVE	REZ has a low relative strength, it was outperformed by 73.26% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of REZ is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of REZ is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of REZ is above a declining SMA(200).
Relative Strength Index/RSI (14)	45.91	NEUTRAL	The RSI value for REZ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.23	NEGATIVE	The MACD value suggests REZ has a negative trend.
Stochastics (14,3)	13.61	OVERSOLD	The low Stochastics value suggests REZ may be oversold.
Average True Range in percent/ATR (20)	1.04	LOW VOLATILITY	The low ATR as a percentage value for REZ suggests low volalility.
Average Directional Index/ADX (14)	17.13	NEGATIVE	The low ADX value for REZ suggests a weak or negative trend.