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S&P/ASX 200 A-REIT IndexS&P/ASX 200 A-REIT IndexS&P/ASX 200 A-REIT Index

S&P/ASX 200 A-REIT Index

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XPJ trade ideas

Technical say ASX REITS are overboughtWhile doing my daily search for possible trade options i found that among my many short alerts had a common trait. 5/8 Short alerts were all REITs. Now I'm not saying real estate is gonna crash or to prepare for another 2008 crisis however it appears that most ASX REITs are overvalued from a technical standpoint which opens the idea for a potential short. These stocks will be displayed below along with the bearish indicators aswell 1. Growthpoint Properties Australia (ASX: GOZ) Bearish Technical Analysis: --> 2 Standard deviations from Mean (Mean Reversion) --> 3 standard deviations from Linear regression --> RSI overbought --> MFI overbought --> Bollinger bands overbought --> Resistance at 0.764 level on Fibonacci retracement --> Japanese Bearish Candle Dark Cloud Cover 2. Charter Hall Long Wale REIT (ASX:CLW) Bearish Technical Analysis: --> 2 standard deviations away on linear regression --> Failure to break 0.764 level on Fibonacci retracement --> No strong volume breaking ascending triangle to act as momentum --> RSI slightly overvalued Bullish Technical Analysis: --> Support between $4.80-$4.83 (Ascending triangle line) 3. Charter Hall Retail REIT (ASX:CQR) Bearish Technical Analysis: --> 2 standard deviations away on linear regression --> Resistance at Fibonacci level 0.618 --> 2 Standard deviations from mean (Mean reversion) --> Resistance level at $3.98 Bullish Technical Analysis: --> Support level at $3.84 5. National Storage REIT (ASX:NSR) Bearish Technical Analysis: --> 3 standard deviations away on linear regression --> RSI overbought --> 3 standard deviations away from mean (Mean reversion) --> MFI overbought --> Still overbought in Bollinger Bands --> Resistance level at $2.17 Bullish Technical Analysis: --> Support level at $3.13 Dexus, Goodman Group aswell as Cromwell property also have signs of being oversold however was not alerted by my scripts. Overall i see a pretty solid consensus that a majority of the ASX REITS are overvalued and a possible drop can be ahead however as real estate stocks jump more reactively to fundamental announcements it is important to also address that aswell.
ASX:XPJShort
by Mikey_Scali
ASX 200 A-REIT INDEX - Birds Eye View - Wave 3 In ProgressThis chart is very interesting for a few reasons. It basically says that real estate topped in 2007 and has never recovered. Every trick in the book has been thrown at the property market in Australia in an effort to prevent it from collapsing, I would say this is also happening in other countries. Blue Wave 1 started in 2007 and ended in 2009. Blue Wave 2 started in 2009 and ended in February 2020. -According to the waves labelled for Wave 2 you can see on the RSI that Wave C was strong. -You can also see that Wave iii of Wave E was also a strong move on the RSI which confirms this count. Green Wave 1 represents the start of Blue Wave 3 which occurred from February to March in 2020. Green Wave 2 appears to have ended on the 29th of December 2020 and a break of 1281 will confirm this as we move into a third-of-a-third wave. According to AriasWave this count is accurate and a sign of things to come. One thing I always make a point of is that the news interacts with the waves and not the other way around, therefore trying to pin this on one particular reason is pointless. There are a myriad of reasons why this is happening, the cycle in interest rates and the cycle in the US Dollar are only 2 of these reasons. If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
ASX:XPJ
by AriasWave