WRE Technical Analysis - WASHINGTON REIT

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to WRE. WRE'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.

When comparing the yearly performance of all stocks, WRE is a bad performer in the overall market: 69% of all stocks are doing better.

WRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

WRE is an average performer in the Diversified REITs industry, it outperforms 58% of 130 stocks in the same industry.

In the last month WRE has a been trading in the 16.14 - 19.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

WASHINGTON REIT / WRE Weekly stock chart

Setup Rating and Analysis

WRE has a poor technical rating and the quality of the setup is also only medium 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

17.39

27.12

We can see 6 important resistance areas.

Resistance @17.95 from a horizontal line in the daily time frame.
A resistance zone ranging from 18.95 to 19.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @21.94 from a horizontal line in the daily time frame.
Resistance @24.54 from a horizontal line in the daily time frame.
Resistance @25.99 from a horizontal line in the weekly time frame.
Resistance @26.85 from a horizontal line in the weekly 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 WRE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WRE is down.
ChartMill Relative Strength	31.43	NEUTRAL	WRE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of WRE is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WRE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WRE is below a declining SMA(200).
Relative Strength Index/RSI (14)	44.39	NEUTRAL	The RSI value for WRE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests WRE has a positive trend.
Stochastics (14,3)	75.57	NEUTRAL	The Stochastics value for WRE is a neutral value.
Average True Range in percent/ATR (20)	3.78	MEDIUM VOLATILITY	The ATR as a percentage value for WRE suggests some volalility.
Average Directional Index/ADX (14)	32.83	POSITIVE	The high ADX value value for WRE suggests a strong trend.