Technical Analysis for MRG.UN - Morguard North American Residential Real Estate Investment Trust

Grade Last Price % Change Price Change
D 15.260 1.80% 0.270
MRG.UN closed up 1.8 percent on Friday, May 3, 2024, on approximately normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Cup with Handle Other 0.00%
Calm After Storm Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Resistance Bearish 1.80%
Jack-in-the-Box Bearish Bearish Swing Setup 1.80%
Cup with Handle Other 1.80%

   Recent Intraday Alerts

Alert Time
200 DMA Support about 6 hours ago
200 DMA Resistance about 7 hours ago
Up 2% about 9 hours ago
Up 1 ATR about 10 hours ago
Gapped Up (Full) about 11 hours ago

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Profile

Morguard North American Residential Real Estate Investment Trust Description

Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust's investment objectives 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 per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures. The Trust owns multi-suite residential rental properties in Canada and the United States. The Trust owns interest in a portfolio of over 10 Canadian residential apartment buildings and approximately 30 residential walk-up garden communities in the United States, consisting of over 13,470 residential suites that are located in Alberta, Ontario, Colorado, Texas, Louisiana, Alabama, Georgia, Florida and North Carolina.


Classification

Sector: Real Estate
Industry: REIT - Residential
Keywords: Real Estate Real Estate Investment Trust Residential Investment Trust Real Estate Investment Acquisitions Tax Apartment Property Management Trust Law Residential Real Estate Morguard Alabama Inland Residential Properties Trust

Is MRG.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 17.72
52 Week Low 13.08
Average Volume 23,493
200-Day Moving Average 15.138
50-Day Moving Average 15.726
20-Day Moving Average 15.503
10-Day Moving Average 15.364
Average True Range 0.239
RSI (14) 43.50
ADX 20.1
+DI 15.083
-DI 27.075
Chandelier Exit (Long, 3 ATRs) 15.382
Chandelier Exit (Short, 3 ATRs) 15.638
Upper Bollinger Bands 16.022
Lower Bollinger Band 14.984
Percent B (%b) 0.27
BandWidth 6.690
MACD Line -0.149
MACD Signal Line -0.103
MACD Histogram -0.0469
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.575
Resistance 3 (R3) 15.557 15.433 15.523
Resistance 2 (R2) 15.433 15.353 15.443 15.505
Resistance 1 (R1) 15.347 15.304 15.390 15.365 15.487
Pivot Point 15.223 15.223 15.245 15.233 15.223
Support 1 (S1) 15.137 15.143 15.180 15.155 15.033
Support 2 (S2) 15.013 15.094 15.023 15.015
Support 3 (S3) 14.927 15.013 14.998
Support 4 (S4) 14.945