Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
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.
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.
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.
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.
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.
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.
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.
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.
How did the market react to the Riocan quarterly results?
It does not matter what I think about the results and it does not matter what you think about the results. The only thing that counts is the market reaction: the candlestick chart shows graphically that the reaction was positive. The next question: what will be your reaction to these results?
6 Month Daily Chart for RioCan
Online trading strategy: RioCan (rei.un) yields 5.69% at the current price. The stock had a good run from a low of $11.50 in March, 2009 as both small investors and institutional players poured money into the REIT sector. When you are getting practically nothing on your money left in a bank account, these yields looked very attractive. And the current 2-year yield of 1.826% on Government of Canada Bonds is not exactly lucrative. Money is still flowing into the real estate investment trust sector. Yes, RioCan is still a buy at the $24 price level and the yield provides downside protection. RioCan has a monthly distribution of $0.1150 which equals an annual distribution of $1.38. I would be comfortable with a price target of $28 for this stock which equates to a yield of 4.93%.
RioCan Real Estate Investment Trust Announces Results for Fourth Quarter and Year Ended December 31, 2010. Link to the results and other excellent resources at TMX Money.
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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.
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