Real Estate 2023-12-01: UP +1 to AVERAGE strength rating (5th strongest of 9 levels), previous move was also UP
Real Estate 6/8 sub-industries strengthened, 1 week 92% stocks positive.
Full details at downloadable file linked below.
What are you seeing here and why do you care? Partial listing:
🔹 An objective measurement of industry strengthening and weakening so you can objectively compare strength and weakness across/within industries and sub-industries.
🔹 A listing of stocks rated Strongest and Weakest (highest/lowest strength of 9 levels) by sub-industry, saving you significant time finding stocks that may be prone to making bigger moves faster. Stronger stocks have less overhead resistance, Weaker stocks are prone to “pops” from bargain hunting and short-covering yet due to preceding weakness are also prone to falling far and fast.
Details
🔹 12% Strongest Stocks, 5% Weakest Stocks.
🔹 STRENGTHENING 1 Week vs. Mid- and Longer-Term // 1 week positive/negative stocks ratio is HIGHER than both 4 weeks and 3 Months (92%/89%/42% positive)
🔹 Sub-industry Overview:
STRONGEST at Strong rating/4th strongest of 9 levels:
- Mortgage Investment (15 stocks)
- REIT - Retail (20 stocks)
WEAKEST at Average rating/5th strongest of 9 levels:
- Property Management/Development (34 stocks)
- REIT - Diversified/Industrial (51 stocks)
- REIT - Healthcare Facilities (15 stocks)
- REIT - Hotel/Motel (12 stocks)
- REIT - Office (15 stocks)
- REIT - Residential (27 stocks)
🔹 Lookback Periods Comparison:
3 Months: 1% stocks >+20% and 4% stocks <-20%.
___UP most:
GEO +38% (Hlthcare REIT)
SRG +21% (Retail REIT)
RHP +20% (Hotel REIT)
AMT +16% (Div/Inds REIT)
NMRK +16% (Mgt/Devt)
___DOWN most:
RMAX -41% (Mgt/Devt)
EXPI -32% (Resi REIT)
MPW -29% (Hlthcare REIT)
IVR -27% (Mortg Inv)
KW -27% (Mgt/Devt)
4 weeks: 26% stocks >+10% and 2% stocks <-10%.
___UP most:
EXR +26% (Div/Inds REIT)
RDFN +25% (Mgt/Devt)
TREE +23% (Mortg Inv)
HPP +23% (Office REIT)
SAFE +22% (Mgt/Devt)
___DOWN most:
RMAX -17% (Mgt/Devt)
BHR -16% (Hotel REIT)
IEP -12% (Mgt/Devt)
EXPI -9% (Resi REIT)
AHT -8% (Hotel REIT)
1 Week: 13% stocks >+10% and 0% stocks <-10%.
___UP most:
HPP +27% (Office REIT)
VNO +23% (Div/Inds REIT)
TREE +22% (Mortg Inv)
OPI +20% (Office REIT)
DEI +19% (Div/Inds REIT)
___DOWN most:
CMCT -3% (Div/Inds REIT)
PCH -3% (Div/Inds REIT)
FOR -3% (Mgt/Devt)
CIGI -2% (Mgt/Devt)
HTGC -2% (Mortg Inv)