MACRO VIEW: RWR RISKS TO TAG 5-YEAR MEAN
SPDR Dow Jones REIT ETF (RWR) has failed bot 5-year and 10-year trends by breaking below upper 1st standard deviations from 5-year (260-weeks) and 10-year (520-weeks) means.
On short term basis the price is in clear downtrend - it broke down below lower 1st standard deviations from quarterly (66-day) and 1-year (264-day) means (standing at 85.80 and 83.70 respectively)
If the short term downtrend holds, namely if the price continues to trade below 1st standard devations from quarterly and 1-year mean, RWR has a chance to reach 5-year mean, standing at 74.70
On short term basis the price is in clear downtrend - it broke down below lower 1st standard deviations from quarterly (66-day) and 1-year (264-day) means (standing at 85.80 and 83.70 respectively)
If the short term downtrend holds, namely if the price continues to trade below 1st standard devations from quarterly and 1-year mean, RWR has a chance to reach 5-year mean, standing at 74.70
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