ARE closes lower for the 6th day in a row


Alexandria Real Estate Equities Inc. (ARE) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

ARE closes lower for the 6th day in a row
ARE ends the day on a bearish note closing near the low of the day
ARE breaks below previous session low
ARE falls to lowest close since April 24th

Overview

Moving lower for the 6th day in a row, ARE finished Thursday at 121.75 losing $0.89 (-0.73%). Today's closing price of 121.75 marks the lowest close since April 24th. Closing below Wednesday's low at 122.42, the share confirms its breakout through the previous session's low having traded $0.77 below it intraday. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (ARE as at May 17, 2018):

Daily technical analysis candlestick chart for Alexandria Real Estate Equities Inc. (ARE) as at May 17, 2018

Thursday's trading range was $1.45 (1.18%), that's below last trading month's daily average range of $2.06. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 121.14.

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Trading close to March's low at 118.06 we could see further downside momentum if potential sell stops at the level get triggered.


Market Conditions for ARE as at May 17, 2018

Loading Market Conditions for ARE (Alexandria Real Estate Equities Inc.)...
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ARE closes within previous day's range

Dec 14, 2018
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