Washington Real Estate Investment Trust (WRE): Price Now Near $25.37; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for WRE

Currently, WRE (Get Ratings)’s price is up $0.06 (0.24%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Trading stocks, WRE ranks 150th in regards to today’s price percentage change.

WRE’s Technical Outlook on the Daily Chart

At the moment, WRE’s price is down $-0.22 (-0.86%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as WRE has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Of note is that the 20 day changed directions on WRE; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Washington Real Estate Investment Trust’s price action over the past 90 days can be seen via the chart below.

WRE

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WRE: Daily RSI Analysis

  • For WRE, its RSI is now at 41.4634.
  • WRE and RSI may be exhibiting divergent trends. This may be something to monitor.

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