Technical Analysis for RESI - Residential Secure Income Plc

Grade Last Price % Change Price Change
C 51.60 2.38% 1.20
RESI closed up 2.38 percent on Wednesday, April 24, 2024, on 1.17 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Down

Date Alert Name Type % Chg
Bullish Engulfing Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Resistance Bearish 2.38%
MACD Bearish Centerline Cross Bearish 2.38%
Lower Bollinger Band Walk Weakness 2.38%
Below Lower BB Weakness 2.38%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 9 hours ago
1.5x Volume Pace about 9 hours ago
Rose Above Previous Day's High about 10 hours ago
Up 3% about 10 hours ago
50 DMA Resistance about 10 hours ago

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Profile

Residential Secure Income Plc Description

Residential Secure Income plc (ReSI) is a real estate investment trust (REIT) listed on the premium segment of the Main Market of the London Stock Exchange with the objective of delivering secure inflation linked returns by investing in affordable shared ownership, retirement and Local Authority housing throughout the UK. ReSI targets a secure, long-dated, inflation-linked dividend yield of 5.0% p.a. (paid quarterly) and a total return in excess of 8.0% p.a. and has to date committed c. £300 million, assembling a portfolio of 2,677 properties. ReSI aims to make a meaningful contribution to alleviating the UK housing shortage by meeting demand from housing developers (Housing Associations, Local Authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial new affordable housing.


Classification

Sector: Real Estate
Industry: REIT - Residential
Keywords: Dividend Real Estate Investment Trust Real Estate Investment Trust Real Estate Investment Dividend Yield Inflation London Stock Exchange Housing Housing Association Affordable Housing Local Authority

Is RESI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 72.1431
52 Week Low 48.0
Average Volume 177,644
200-Day Moving Average 57.35
50-Day Moving Average 51.44
20-Day Moving Average 52.74
10-Day Moving Average 52.46
Average True Range 1.89
RSI (14) 47.09
ADX 16.3
+DI 14.69
-DI 16.90
Chandelier Exit (Long, 3 ATRs) 50.32
Chandelier Exit (Short, 3 ATRs) 55.88
Upper Bollinger Bands 54.99
Lower Bollinger Band 50.49
Percent B (%b) 0.25
BandWidth 8.51
MACD Line -0.14
MACD Signal Line 0.20
MACD Histogram -0.3417
Fundamentals Value
Market Cap 95.54 Million
Num Shares 185 Million
EPS -0.12
Price-to-Earnings (P/E) Ratio -430.00
Price-to-Sales 7.29
Price-to-Book 0.55
Dividend 0.05
Dividend Yield 0.10%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 53.40
Resistance 3 (R3) 53.20 52.40 53.10
Resistance 2 (R2) 52.40 51.94 52.50 53.00
Resistance 1 (R1) 52.00 51.66 52.20 52.20 52.90
Pivot Point 51.20 51.20 51.30 51.30 51.20
Support 1 (S1) 50.80 50.74 51.00 51.00 50.30
Support 2 (S2) 50.00 50.46 50.10 50.20
Support 3 (S3) 49.60 50.00 50.10
Support 4 (S4) 49.80