ARE closes lower for the 6th day in a row

Alexandria Real Estate Equities Inc (ARE) Technical Analysis Report for May 17, 2018

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

TQ Sentiment

Report Sentiment:
40% Bearish
Technical Forecast:
TQ Pro Only
See the overall Technical Analysis forecast for today.

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 chart for ARE

Volatility

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.

Support/Resistance

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

Trend

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

Order Flow

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Market Conditions for Alexandria Real Estate Equities Inc

Loading Market Conditions for $ARE (Alexandria Real Estate Equities Inc)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Alexandria Real Estate Equities Inc traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!