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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 10/4/2024 -
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Alexandria Real Estate Equities (ARE) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldBroken trend support line
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It was the negative week for the Alexandria Real Estate Equities (ARE). During the week, the ARE dropped -6.12 points, or -5.06%, and closed at 114.90 on Friday, October 4, 2024. It was the worst weekly loss since July 26, 2024. Weekly volume was 52% above average.

ARE is a member of Real Estate Sector. Real Estate is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ARE long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 224.95 and reached 90.73 on October 31, 2023. ARE lost 134.22 points, or 59.67%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (58.08) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ARE medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 135.45 and reached 108.61 on August 5, 2024. ARE lost 26.84 points, or 19.82%, in 33 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 106.92 and resistance is at 129.07. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ARE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 6, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See ARE short-term trend chart]
A short-term uptrend had started on August 5, 2024 at 108.61 and reached 125.63 on September 13, 2024. ARE gained -17.02 points, or -15.67%, in 39 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (121.44) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ARE may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See ARE daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since September 26, 2024. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.59
Oversold
Williams' Percentage Range (W%R) 83.60
Oversold
Lane's Stochastic (%D-Slow) 13.14
Oversold
Greed/Fear Indicator (GFI) 16.37
Oversold
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.02
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 59.77
Greed/Fear Indicator (GFI) 44.64
Moving Average Converg./Diverg. (MACD) -0.13
Trading Signals
Description Value Chart
Monthly Trendline Resistance 129.07
Weekly Trendline Resistance 128.38
Upper Bollinger Band 125.55
Parabolic System 122.80
Weekly Trendline Support 121.44
20 Day Moving Average 120.84
Weekly Stochastic Crossing 120.37
50 Day Moving Average 118.14
Price 114.90
Daily Stochastic Crossing 114.40
Lower Bollinger Band 113.24
Monthly Trendline Support 106.92
Yearly Trendline Resistance 97.62
Sector and Industry
Description Name Rank
Sector Real Estate 10
Industry Office REITs 86
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 125.63
High Date 09/13/2024
Low 112.94
Low Date 10/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 128.38
Support 121.44
Low 108.61
Low Date 08/05/2024
High 125.63
High Date 09/13/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 129.07
Support 106.92
High 135.45
High Date 12/14/2023
Low 108.61
Low Date 08/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.73
Low Date 10/31/2023
High 135.45
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 97.62
Support 58.08
High 224.95
High Date 12/31/2021
Low 90.73
Low Date 10/31/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.