Investors Real Estate Trust(NYSE:IRET) Downward Trend
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are ranging.
By the way, prices are vulnerable to a correction towards 6.49.
The projected upper bound is: 6.39.
The projected lower bound is: 5.69.
The projected closing price is: 6.04.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 28.5715. This is not an overbought or oversold reading. The last signal was a buy 16 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 32.44. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 91 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -282.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.
Rex Takasugi – TD Profile
INV RE TRUST closed down -0.560 at 6.050. Volume was 195% above average (trending) and Bollinger Bands were 9% narrower than normal.
Open High Low Close Volume___
6.650 6.700 6.010 6.050 495,081
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 6.52 6.49 6.64
Volatility: 56 35 41
Volume: 197,054 163,471 182,221
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
INV RE TRUST is currently 9.0% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of IRET.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on IRET.N and have had this outlook for the last 0 periods.
Latest posts by HEFFX Australia (see all)
- Apple Inc (NASDAQ:AAPL) Heffx Technical Analysis - April 24, 2017
- C R Bard Inc (NYSE:BCR) Heffx Trading Outlook - April 24, 2017
- Becton Dickinson and Co (NYSE:BDX) Heffx Trading Outlook - April 24, 2017