Apr 232012
 
Support and resistance levels for Dundee REIT
A daily candlestick chart for Dundee REIT showing the support and resistance levels.

Dundee REIT (D.UN:TSX) Daily Chart

Dundee Reit has been one of my core holdings over the past two years. And I was fortunate to own a significant position in Whiterock REIT when it was acquired by Dundee. The major trend is still up for Dundee but it will have to break resistance of $37.50, the March high, to continue the uptrend. The May 3 earnings release could be the catalyst for the breakout above resistance. If not, there will be a test of the $35.00 support level.

Reference my last chart analysis for Dundee REIT which was posted on May 9, 2011.

Visit the corporate website to review the fundamental data.

Relevant articles picked from the Web:

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

© 2012 TradeOnline.ca

May 092011
 
Dundee Real Estate Investment Trust in an uptrend
Technical analysis of Dundee REIT using the 3-year candlestick weekly chart showing the stock in an uptrend

Dundee REIT (D.UN:TSX) Three-Year Weekly Chart

Reference the previous chart analysis for Dundee REIT.

Update July 21, 2011: Dundee grabs office buildings

Update January 24, 2012: ScotiaPlaza sale should provide boost to REITs

Mar 262011
 
Dundee Real Estate Investment Trust

One of the most important principles in technical analysis is to trade in the direction of the trend: buy when the stock is trending up.  In other words, buy on strength and sell on weakness.

Candlestick chart for DUNDEE REIT (D.UN-TSX) showing support and resistance

DUNDEE REIT (D.UN-TSX) Three-Year Weekly Chart

The most important points for this Dundee REIT chart analysis are:

  • The major trend (in effect for at least six months) is up.
  • The intermediate trend (in effect for three weeks to three months) is up.
  • The near-term trend (in effect for two to three weeks) is up.
  • Major support is $30.
  • Dundee traded in a consolidation range of $30-$31 since November, 2010.
  • There is a tentative breakout at $32.  Will it hold?
  • A target price of $36 is reasonable based on the chart and fundamental data.

Dundee REIT owns high quality office properties across Canada. Review the fundamental data for Dundee REIT detailed on their website.  RioCan REIT,  the biggest Canadian REIT  listed on the TSX, was featured on this site March 8, 2011.

A Financial Post article with reference to Dundee REIT: Be picky in strong 2011 for Canadian REITs.

A Globe and Mail article with a positive reference for Dundee REIT and REITs in general: A healthy year of gains seen for REITs.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold stock in the featured company but is in no way associated with the company.

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