Washington Real Estate Investment Trust (NYSE:WRE) Close at $26.52 Yielding an MA Strong Sell Rating

Taking a look at some key pivot levels we note that the one month Pivot Woodie support stands at 26.02 while 1-month resistance level is at 27.98.  On the other hand shares would see support at the 1-month pivot woodie of 26.02 and resistance at 27.98.  One of the key differences in calculating Woodie’s Pivot Point to other pivot points is that the current session’s open price is used in the PP formula with the previous session’s high and low.

As we move deeper into earnings season, investors and analysts will be closely watching which companies look they are getting things right. Many investors will be following which companies beat or miss the estimates by a wide margin. Large surprise factors can cause a stock to jump or fall shortly after the actual numbers are released. Investors may also be tracking which industry leaders come out on top during the latest round of earnings reports. Tracking the sectors that are poised for growth may help give the investor a good idea for the types of stocks they may want to add to the portfolio as we get closer to the end of the current calendar year.   

Washington Real Estate Investment Trust (NYSE:WRE) ran -0.9338812 after opening at $26.77.  130150 shares traded hands for the 2172609800 market cap company.  Washington Real Estate Investment Trust (NYSE:WRE) is a “Strong Sell” according to the social consensus. 

Diving into some additional pivot points we note that the Fibonacci S1 stands at 26.757946 while the R1 resistance number is 28.255386.  The S1 Camarilla pivot is 26.800333 while the R1 resistance is 27.159666.  The Demark Pivot is as follows: R1 resistance is 27.865 while S1 support is 25.905.

Washington Real Estate Investment Trust (NYSE:WRE) shares hit a high of 29.17 within the past month while touching a low point of 26.42 over the past 30 days. 

Turning to simple moving averages, Washington Real Estate Investment Trust, the below chart outlines the current numbers:

10-Day Simple Moving Average: 26.986
20-Day Simple Moving Average: 27.617
30-Day Simple Moving Average: 27.955334
50-Day Simple Moving Average: 28.13522
100-Day Simple Moving Average: 28.65591
200-Day Simple Moving Average: 29.736124

Consensus Rating: Strong Sell

Turning to Bollinger Bands, the upper 20 band holds at 29.185259 while the lower is currently 26.048742.  The average volume over the past 3 months is 353833.84 compared to the 10-day average of 423302.4.

Other moving averages that have been taken into consideration in order to try to figure out the potential direction of the shares include the Hull Moving Average.  The Hull MA currently reads 26.827.  The Positive Directional Indicator is at 18.048113.  The volume weighted moving average stands at 27.31528.  Putting all the pieces together the moving average signal for Washington Real Estate Investment Trust (NYSE:WRE) is a consensus “Strong Sell” signal.

Changing lanes over to oscillators, we see that the Aroon Up oscillator is currently 7.142857 while the Aroon Down shows 100.  These are useful in determining if a reversal might be in the near future.  Given the Ultimate Oscillator number of 33.05237 and Parabolic SAR number of 27.905357, combined with other variables, Washington Real Estate Investment Trust (NYSE:WRE) has been given a consensus oscillator rating of “Sell”. 

The stock market can be influenced by many different factors such as news, politics, earnings reports, or even company rumors. Often times the market may not react as expected to certain events. This may cause the investor to become frustrated at times. Sometimes certain market moves may seem to go against prevailing logic. This is why it can be extremely hard to predict near-term moves with any certainty. Taking a big picture look at the financial markets may help offer a clearer picture of how all the different aspects contribute to market movements. Figuring out why a certain move happened may help shed some light when the same scenario arises again in the future.  

Investors will be closely watching to see if the firm can move towards the $43.44 time high as the Bull Bear Power number stands at -1.134659.  

Washington Real Estate Investment Trust (NYSE:WRE) has returned -1.302568 after closing at $—  in the recent session.  The stock is looking to return closer to the 52-week high of $32.91.