Merlin Properties in purchase area

Merlin Properties technical indicators as of September 15, 2021

Merlin Properties It is the largest Spanish SOCIMI with a well diversified portfolio at the level of business lines: logistics, offices and shopping centers. With the economic cycle picking up, perennially low interest rates, and rebounding inflation – real estate seems like a good place to be. The valuation of the stock is positive and we incorporate it in our list of favorite stocks of the Ibex 35 recently updated in our free webinars for subscribers. (see “Merlin Properties, we improve fundamental recommendation”).

At a quantitative level, The Merlin Properties title obtains a total score of 7 out of a maximum of 10 points available with our technical indicators designed to detect and follow trends. This rating implies that the underlying trend is upward and that the price is dedicating itself to consolidating in the medium term. A phase of stability that allows to purge excesses and that usually represents a good moment to sign up with purchases from the primary uptrend.

Merlin Properties in daily chart and logarithmic scale, with range of amplitude in percentage, MACD oscillator and trading volume

Graphic analysis of Merlin Properties as of September 15, 2021Graphic analysis of Merlin Properties as of September 15, 2021

Graphic analysis of Merlin Properties as of September 15, 2021

The analysis of the graph allows us to appreciate a structure of increasing highs / lows. The moving averages remain crossed upward and slope upward. There are no excesses (there is no overbought) and the volume of contracts is recovering with the return of the summer. The context is favorable to working with a scenario of sustained increases and the buy zone is set at the minimum 8,926 / 8,706 which are also approximation of the average of 200 sessions. The stop would be below the 8.204 / 7.982 zone, and we did not find significant resistance until the annual high established at 10.20.

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