Summit Industrial Income REIT (SMU-UN.CA) Stock Technical Analysis
TSX:SMU-UN - Toronto Stock Exchange - CA8661201167 - REIT - Currency: CAD
We assign a technical rating of 8 out of 10 to SMU-UN. Both in the recent history as in the last year, SMU-UN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
SMU-UN is one of the better performing stocks in the Diversified REITs industry, it outperforms 100% of 37 stocks in the same industry.
A new 52 week high is currently being made by SMU-UN, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
SMU-UN has an average volume of 1491440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SMU-UN is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month SMU-UN has a been trading in a tight range between 22.76 and 23.48.
Volume is considerably higher in the last couple of days.
Although SMU-UN has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
16.01
23.72
We found 3 important support areas.
- A support zone ranging from 22.25 to 23.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.61 from a trend line in the weekly time frame.
- Support @16.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.49 to 23.49. 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 | UP | POSITIVE | The long term trend for SMU-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMU-UN.CA is up. |
| ChartMill Relative Strength | 80.74 | POSITIVE | SMU-UN.CA has a high relative strength, it outperformed 80.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMU-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMU-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SMU-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.65 | OVERBOUGHT | The high RSI value suggests SMU-UN.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SMU-UN.CA has a positive trend. |
| Stochastics (14,3) | 91.06 | OVERBOUGHT | The high Stochastics value suggests SMU-UN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for SMU-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 56.12 | POSITIVE | The high ADX value value for SMU-UN.CA suggests a strong 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)
TSX:SMU-UN (2/21/2023, 7:00:00 PM)
23.48
+0.02 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.09%
1 Week1.25%
2 Weeks2.85%
1 Month2.76%
3 Month4.59%
6 Month25.23%
12 Month6.92%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.42%
ATR Inc45.33%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.74
Mansfield1.74
10 Day High23.48
10 Day Low22.82
20 Day High23.48
20 Day Low22.76
52 Week High23.48
52 Week Low16.06
CS1 End23.22
CR1 Start23.49
Volume & EV
DER(3)1.4%
DER(5)2.45%
Volume1.22M
Volume Incr249.06%
Vol(5)5.06M
Vol(50)1.49M