WASHINGTON REIT (WRE) Technical Analysis
NYSE:WRE • US9396531017
Current stock price
WRE Technical Rating and Analysis
Overall WRE gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 69% of all other stocks performed better in the past year than WRE.
- WRE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WRE is lagging the market.
- WRE is an average performer in the Diversified REITs industry, it outperforms 41% of 123 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.
WRE Weekly and Daily overview Charts
WRE Setup Rating and Analysis
WRE has a poor technical rating and the quality of the setup is also not perfect 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
WRE Support and Resistance Analysis
17.39
When analyzing the resistance we notice 6 important 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.
WRE 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. |
WRE Chart- and CandleStick Pattern Analysis
WRE Technicals: Chart, Performance Metrics, Trend & Indicators
17.57
-0.38 (-2.12%)
WASHINGTON REIT / WRE TA FAQ
What is the technical rating for WRE stock?
ChartMill assigns a technical rating of 0 / 10 to WRE.
Can you provide the trend direction for WASHINGTON REIT?
The current trend direction for WASHINGTON REIT (WRE) is Bearish.
What is the RSI signal for WASHINGTON REIT (WRE) stock?
WASHINGTON REIT (WRE) has an RSI value of 44.3857. This indicates that the stock is currently neutral.
What is the short term momentum for WRE stock?
The short term momentum for WASHINGTON REIT (WRE) is negative.
What is the support and resistance level for WRE stock?
WASHINGTON REIT (WRE) has a resistance level at 17.95. Check the full technical report for our detailed analysis of WRE support and resistance levels.