Capitaland Commercial Trust is on down trend and the selling off is getting very fierce. This REIT has dropped about 30% from the Peak at the beginning of 2015.
See Previous Technical Analysis of Capitaland Commercial Trust here.
Singapore REIT Fundamental Analysis Comparison Table.
Capitaland Commercial Trust has broken the long term up trend support and officially start Down Trend. 20D SMA continue to act as a resistance. Also important to note that the Volume Moving Average has increased significant during the sell down of about 20% for the past 5 months.
See last analysis of Commercial REIT sell off in Singapore here.
Another good candidate to short base on bearish chart pattern of this Capitaland Commercial Trust.
As we are getting nearer to June where US Fed may increase the interest rate, we have to keep a close eye to what is going on for Singapore REITs. Quite a number of Singapore REITs sold off recently as seems from the table below. Top 3 biggest losers are Suntec REIT, Mapletree Commercial Trust and Capitaland Commercial Trust. All these 3 REITs are Office related. Is it a coincidence or some big guys are offloading quietly?
Compare to previous Singapore REITs Fundamental Analysis Comparison Table here.
Technically Suntec REIT is already in bearish territory and starting a down trend. Mapletree Commercial Trust and Capitaland Commercial Trust are just sitting on the uptrend support. If these up trend support is broken, a bad sign for Office REIT. Disregard on what other analysts and newspapers say, the stock chart and share price will tell you the true story. Is this the opportunity to buy on dip or buy for distribution yield of Singapore REIT for long term investing? you have to know what you are doing and make sure you understand the risks.
