Arena REIT (ASX: ARF)Arena REIT (ASX: ARF) is one of the largest childcare centre-focused real estate investment trusts, or REITs, in Australia. The trust owns a portfolio of 260 long day care centres for children aged under five in Australia. It also owns 11 healthcare centres. The childcare centres represent 89% of its portfolio by value. (www.fool.com.au)
Top Shareholders
NAME SHARES CAPITAL
HSBC Custody Nominees (Australia) Limited 92,897,257 26.75%
J P Morgan Nominees Australia Pty Limited 59,211,678 17.05%
Trading diary 17.08.2023
ARF trade ideas
Arena REIT - Upside Bias following MACD below 0 for 30-daysSince listing in 2013, Arena REIT (ARF) has displayed a consistent 18-day return following a 12, 26, 9 MACD Daily Histogram below 0 for 30 consecutive days. This type of downside persistence is very rare, having only been observed on 6 previous occasions. Yesterday, marked the 7th observations.
Looking forward 18-days, ARF, provided an average gain of 4.04%, win rate of 5 from 6, standard deviation 3.99%, maximum 9.09%, median 3.39%, minimum -1.90%.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
ASX: ARF - CwH FormationBeen triggered into a pending order i had set for this, a little bit of a sharp move into it which was not ideal but will see how it plays out.
The trend is up and price formed a CwH pattern and has broken the resistant level, at this stage it is looking like a bit of a fake out happened.
Will see how this plays out on Monday, i want to see price push back up above 2.92, if this does not happen within the first couple of days i may look to exit this trade.
$ARF - Arena REIT booming alongSome of these REITs are powering along despite the economic downturn elsewhere. Might be a safe-haven worth investigating.
Arena REIT (ARF) is an internally managed stapled real estate group that owns, manages and develops specialised real estate assets across Australia. A security in ARF comprises one security in Arena REIT Limited; one security in Arena REIT No.1; and one security in Arena REIT No.2; stapled and traded together as one stapled ARF security.
$ARF coming out of volatility contraction pattern on good volumeARF may now move into an uptrend after coming out of a 16-month long VCP on above-average volume on Friday.
The recent high volume days in mid-October did not result in any downward progress, indicating demand absorbing supply and can be seen by the sustained upward move since then.