WASHINGTON REIT (WRE) Stock Technical Analysis
NYSE:WRE - New York Stock Exchange, Inc. - US9396531017 - REIT - Currency: USD
Taking everything into account, WRE scores 0 out of 10 in our technical rating. WRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 part of the Diversified REITs industry. There are 129 other stocks in this industry, WRE did better than 42% of them.
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.
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.
More info and screens
17.39
27.12
6 important resistance areas can be observed.
- 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.
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. |
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)
17.57
-0.38 (-2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-2.12%
1 Week5.65%
2 Weeks2.03%
1 Month-10.36%
3 Month-17.74%
6 Month-31.13%
12 Month-30.33%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%3.78%
ATR Inc-7.41%
Range Today0.43
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
CRS31.43
Mansfield-1.26
10 Day High18.41
10 Day Low16.14
20 Day High19.49
20 Day Low16.14
52 Week High26.79
52 Week Low16.14
CS1 EndN/A
CR1 Start17.95
Volume & EV
DER(3)1.82%
DER(5)1.18%
Volume364.50K
Volume Incr-12.11%
Vol(5)527.46K
Vol(50)490.21K