REIT's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for REIT turned positive on November 01, 2023. Looking at past instances where REIT's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on REIT as a result. In of 44 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
REIT moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for REIT crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 7 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 REIT advanced for three days, in of 173 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 146 cases where REIT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where REIT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
REIT broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category RealEstate
REIT and
Correlation & Price change
A.I.dvisor indicates that over the last year, REIT has been closely correlated with USRT. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if REIT jumps, then USRT could also see price increases.
| Ticker / NAME | Correlation To REIT | 1D Price Change % | ||
|---|---|---|---|---|
| REIT | 100% | +0.42% | ||
| USRT - REIT | 99% Closely correlated | +0.40% | ||
| VNQ - REIT | 98% Closely correlated | +0.25% | ||
| SCHH - REIT | 98% Closely correlated | +0.31% | ||
| IYR - REIT | 98% Closely correlated | +0.27% | ||
| XLRE - REIT | 97% Closely correlated | +0.16% | ||
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