SLATE GROCERY REIT-CL U (SGR-UN.CA) Stock Technical Analysis
Canada - TSX:SGR-UN - CA8310622037 - REIT
Overall SGR-UN gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. SGR-UN was also a bad performer in the overall market in the last year.
SGR-UN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 14.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SGR-UN 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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13.02
We found 3 important support areas.
- A support zone ranging from 14.36 to 14.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.08 from a horizontal line in the daily time frame.
- A support zone ranging from 13.15 to 13.31. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.96 to 15.07. 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 SGR-UN.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGR-UN.CA is neutral. |
| ChartMill Relative Strength | 34.84 | NEUTRAL | SGR-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGR-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGR-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SGR-UN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.66 | NEUTRAL | The RSI value for SGR-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SGR-UN.CA has a negative trend. |
| Stochastics (14,3) | 57.83 | NEUTRAL | The Stochastics value for SGR-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for SGR-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.85 | NEUTRAL | The ADX value for SGR-UN.CA suggests a possible start of a new trend. |
TSX:SGR-UN (10/2/2025, 7:00:00 PM)
14.56
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