Jun 162011
 

The major trend is up for RioCan REIT

Candlestick chart analysis for RioCan REIT showing the major trendline and the relative strength indicator (RSI)

RioCan REIT (REI.UN) Three-Year Weekly Candlestick Chart

Reference my previous chart analysis for RioCan REIT.

Relevant articles picked from the Web:

Globe and Mail : Target’s store picks a bullseye for RioCan REIT: TD

Financial Post: Depressed U.S. commercial property prices good news for REITs

Financial Post. Oct 5, 2011: Rental income, tax breaks give REITs stability

Globe and Mail, Oct 6, 2011: What the FFO? How to gauge a REIT’s profits

Globe and Mail, Nov 7, 2011: RioCan triples third quarter profit on acquisitions

Globe and Mail, Jan 9, 2012: A REIT ripe for investors

Financial Post, Jan 13, 2012: Canadian REITs are poised for more dougle digit gains over the next twelve months

Financial Post, Jan 13, 2012: 10 rules for investing in REITs

Jun 152011
 

This mid-market REIT still yields 7.5%

Retrocom reit three-year candlestick chart analysis showing support and resistance with the highlighted consolidation area

Retrocom REIT (RMM.UN) 3-Year Weekly Chart

Always trade in the the direction of the trend:

  • The major trend (greater than six months) is up.
  • The intermediate trend (three weeks to three months) is sideways.
  • The near-term trend (less than three weeks) is sideways.

Reference this Globe and Mail article:  How a real estate analyst’s picks left peers in the dust
Another article: Retrocom: A small REIT with big-growth potential

Retrocom Mid-Market REIT (TSX: RMM.UN) is an Ontario unincorporated open-end real estate investment trust which focuses on owning and acquiring community-based properties in primary and secondary cities across Canada with the objective of producing a geographically diversified portfolio of properties with stable and growing cash flows.

Review my previous analysis of  Riocan REIT

Review my previous chart analysis of Dundee REIT

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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.

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.

Copyright © TradeOnline.ca All rights reserved

Mar 082011
 
The trend is the most important concept in technical analysis.

You must always trade in the direction of the trend, and the major trend is up for RioCan Real Estate Investment Trust.  All the real estate invest trusts (REITs)  listed on the TSX  have performed very well over the past two years.

What is the definition for the major trend? The three-year weekly candlestick chart is best for establishing the major trend (in effect for six months to a year) for a stock or an index.   The major trend for RioCan is up with current resistance at $24.

Technical analysis using candlestick charts for Riocan Real Estate Invest Trust - REIT

3-Year Weekly Chart for Riocan

RioCan is the largest real estate investment trust in Canada and the  liquidity makes this an attractive investment for institutional investors. It is worth taking a few minutes to review the profile for this company.  Even if you focus on technical analysis to trade online, you need to have a basic understanding of fundamental analysis. Also, review the most recent quarterly results for RioCan.

Take a couple of minutes to input the advanced chart settings for BigCharts and then look at the this chart.  You will have the advantage of viewing a larger chart and the ability to adjust the time period and other technical indicators. In a previous post, I presented an analysis of RioCan based on the 6-month daily candlestick chart and the reaction of the market to the release of the quarterly results. This analysis focused on the near-term and intermediate trend.

Visit Investment Talk with SPBrunner for an excellent review of the fundamental data for RioCan Real Estate Invest Trust.

Retail real estate poised to strengthen is a positive article on RioCan and other REITs.

Update May 19, 2011 – First-quarter report: RioCan gets boost from rental revenue.

Update May 31, 2011 – Target’s store picks a bullseye for RioCan REIT: TD

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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.

Copyright © TradeOnline.ca All rights reserved