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Archive - 5/26/2023 - Sign In to see current Signals. |
Federal Realty Investment Trust (FRT) |
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| Summary:
| | Weekly :   | | Daily :    Move cursor over the icon to see details.
| | It was the negative week for the Federal Realty Investment Trust (FRT). During the week, the FRT dropped -1.68 points, or -1.89%, and closed at 87.06 on Friday, May 26, 2023. Weekly volume was -31% below average.
Long-term trend: [See FRT long-term trend chart] A long-term uptrend had started on May 14, 2020 at 64.11 and reached 140.51 on January 4, 2022. FRT gained -76.40 points, or -119.17%, in 85 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (92.72) 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. FRT 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 long-term trend.
Medium-term trend: [See FRT medium-term trend chart] A medium-term downtrend had started on February 2, 2023 at 115.08 and reached 85.27 on May 25, 2023. FRT lost 29.81 points, or 25.90%, in 16 weeks. The price is now at the 6.00% retracement level.
Weekly Technical Indicators: [See FRT weekly technical indicators chart] Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 and Williams' Percentage Range help. The weekly MACD line is below its signal line since March 10, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See FRT short-term trend chart] A short-term downtrend had started on April 28, 2023 at 99.36 and reached 85.27 on May 25, 2023. FRT lost 14.09 points, or 14.18%, in 27 days. The price is now at the 12.70% retracement level.
Daily Technical Indicators: [See FRT daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is below its signal line since May 5, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
Candlestick pattern: [See FRT candlestick chart pattern] On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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