SITC Technical Analysis - SITE CENTERS CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SITC. SITC'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 negative, as is the long term trend. There should be more interesting stocks out there.

99% of all other stocks performed better in the past year than SITC.

SITC is one of the lesser performing stocks in the Diversified REITs industry. 96% of 130 stocks in the same industry do better.

SITC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month SITC has a been trading in the 8.60 - 12.39 range, which is quite wide. It is currently trading near the lows of this range.

SITC has an average volume of 1132230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SITE CENTERS CORP / SITC Weekly stock chart

SITE CENTERS CORP / SITC Daily stock chart

Setup Rating and Analysis

The technical rating of SITC is bad and it also does not present a 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.58

13.28

5 important resistance areas can be observed.

A resistance zone ranging from 8.88 to 8.92. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @9.63 from a trend line in the weekly time frame.
A resistance zone ranging from 11.96 to 11.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @12.88 from a horizontal line in the daily time frame.
Resistance @13.15 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for SITC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SITC is down.
ChartMill Relative Strength	1.82	NEGATIVE	SITC has a low relative strength, it was outperformed by 98.18% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SITC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SITC is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SITC is below a declining SMA(200).
Relative Strength Index/RSI (14)	29.53	OVERSOLD	The low RSI value suggests SITC may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests SITC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.75	OVERSOLD	The low Stochastics value suggests SITC may be oversold.
Average True Range in percent/ATR (20)	4.72	MEDIUM VOLATILITY	The ATR as a percentage value for SITC suggests some volalility.
Average Directional Index/ADX (14)	40.87	POSITIVE	The high ADX value value for SITC suggests a strong trend.