REET Stock iShares Global REIT ETF (REET, $25.88) price exceeded its 50-day Moving Average on October 25, 2024
at Tickeron.com
REET in -1.70% downward trend, sliding for three consecutive days on November 12, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where REET declined for three days, in of 280 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
REET moved below its 50-day moving average on October 25, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for REET crossed bearishly below the 50-day moving average on October 29, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
The Aroon Indicator for REET entered a downward trend on November 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where REET's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where REET's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 15, 2024. You may want to consider a long position or call options on REET as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where REET advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
REET may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category GlobalRealEstate