Technical Analysis for MR.UN - Melcor Real Estate Investment Trust

Grade Last Price % Change Price Change
A 7.09 -2.74% -0.200
MR.UN closed down 2.74 percent on Monday, May 17, 2021, on 47 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat
Historical MR.UN trend table...

Date Alert Name Type % Chg
Overbought Stochastic Strength 0.00%
Narrow Range Bar Range Contraction -2.74%
Overbought Stochastic Strength -2.74%
New 52 Week Closing High Bullish -2.74%
New 52 Week High Strength -2.74%
Overbought Stochastic Strength -2.74%
1,2,3 Pullback Bullish Bullish Swing Setup -0.84%
Boomer Buy Setup Bullish Swing Setup -0.84%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.84%
Narrow Range Bar Range Contraction -0.84%
Older End-of-Day Signals for MR.UN ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 1% about 7 hours ago
Possible NR7 about 7 hours ago
Boomer Buy Entry 4 days ago
Non-ADX 1,2,3,4 Pullback Entry 4 days ago
1,2,3, Pullback Entry 4 days ago
View Earlier Intraday Alerts

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Profile

Melcor Real Estate Investment Trust Description

Melcor Real Estate Investment Trust (REIT) is a Canada-based open-ended real estate investment trust. The objectives of the REIT are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT's assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations (AFFO) per Unit, primarily through acquisitions and improvement of its properties, including the Initial Properties, through targeted and strategically deployed capital expenditures. The Company's portfolio consists of properties located in western Canada, specifically in the metropolitan areas of Edmonton, Calgary, Lethbridge and Red Deer, Alberta; Regina, Saskatchewan, and Kelowna, British Columbia. It is engaged in acquiring, owning and managing office, retail and industrial properties in select markets across Western Canada. The Company is managed by Melcor Developments Ltd.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Retail Real Estate Saskatchewan Investment Trust Real Estate Investment Trust Real Estate Investment Acquisitions Tax Open Ended Real Estate Investment Trust Property Management Regina Red Deer Kelowna H&R Reit Lethbridge

Is MR.UN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 7.29
52 Week Low 3.26
Average Volume 20,856
200-Day Moving Average 4.966
50-Day Moving Average 6.478
20-Day Moving Average 6.766
10-Day Moving Average 7.084
Average True Range 0.217
ADX 42.97
+DI 27.396
-DI 11.655
Chandelier Exit (Long, 3 ATRs ) 6.641
Chandelier Exit (Short, 3 ATRs ) 6.790
Upper Bollinger Band 7.473
Lower Bollinger Band 6.058
Percent B (%b) 0.73
BandWidth 20.903
MACD Line 0.233
MACD Signal Line 0.199
MACD Histogram 0.0334
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.270
Resistance 3 (R3) 7.290 7.250 7.240
Resistance 2 (R2) 7.250 7.204 7.240 7.230
Resistance 1 (R1) 7.170 7.176 7.150 7.150 7.220
Pivot Point 7.130 7.130 7.120 7.120 7.130
Support 1 (S1) 7.050 7.084 7.030 7.030 6.960
Support 2 (S2) 7.010 7.056 7.000 6.950
Support 3 (S3) 6.930 7.010 6.940
Support 4 (S4) 6.910