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Arena REIT
Buy, Hold or Sell?

Let's analyse Arena together

PenkeI guess you are interested in Arena REIT. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Arena REIT. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Arena (30 sec.)










What can you expect buying and holding a share of Arena? (30 sec.)

How much money do you get?

How much money do you get?
A$0.11
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$3.37
Expected worth in 1 year
A$3.38
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
A$0.17
Return On Investment
4.4%

For what price can you sell your share?

Current Price per Share
A$3.97
Expected price per share
A$3.8063195876289 - A$4.6207072463768
How sure are you?
50%

1. Valuation of Arena (5 min.)




Live pricePrice per Share (EOD)

A$3.97

Intrinsic Value Per Share

A$0.58 - A$0.62

Total Value Per Share

A$3.95 - A$4.00

2. Growth of Arena (5 min.)




Is Arena growing?

Current yearPrevious yearGrowGrow %
How rich?$781m$773.4m$8.4m1.1%

How much money is Arena making?

Current yearPrevious yearGrowGrow %
Making money$12.5m$44.4m-$31.8m-253.7%
Net Profit Margin64.2%172.1%--

How much money comes from the company's main activities?

3. Financial Health of Arena (5 min.)




What can you expect buying and holding a share of Arena? (5 min.)

Welcome investor! Arena's management wants to use your money to grow the business. In return you get a share of Arena.

What can you expect buying and holding a share of Arena?

First you should know what it really means to hold a share of Arena. And how you can make/lose money.

Speculation

The Price per Share of Arena is A$3.97. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Arena.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Arena, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$3.37. Based on the TTM, the Book Value Change Per Share is A$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.14 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.04 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Arena.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.030.8%0.030.9%0.133.4%0.102.4%0.061.6%
Usd Book Value Change Per Share0.00-0.1%0.000.1%0.092.3%0.082.0%0.051.3%
Usd Dividend Per Share0.041.0%0.030.7%0.030.7%0.030.7%0.020.4%
Usd Total Gains Per Share0.040.9%0.030.7%0.123.0%0.112.7%0.071.8%
Usd Price Per Share2.42-2.41-2.49-2.13-1.62-
Price to Earnings Ratio19.41-18.73-7.37-9.75-9.46-
Price-to-Total Gains Ratio68.22-89.87-54.20-60.57-65.84-
Price to Book Ratio1.10-1.10-1.14-1.29-1.56-
Price-to-Total Gains Ratio68.22-89.87-54.20-60.57-65.84-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.589631
Number of shares386
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.030.03
Usd Book Value Change Per Share0.000.08
Usd Total Gains Per Share0.030.11
Gains per Quarter (386 shares)10.9841.21
Gains per Year (386 shares)43.91164.83
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14133443122155
28267885244320
31229122128367485
416312166171489650
520416210213611815
624519254256733980
7286222982998551145
8326253423419771310
93672838638411001475
104083143042712221640

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.00.00.0100.0%8.00.00.0100.0%15.00.00.0100.0%34.00.00.0100.0%47.00.00.0100.0%
Book Value Change Per Share1.01.01.033.3%5.01.02.062.5%9.01.05.060.0%19.01.014.055.9%25.02.020.053.2%
Dividend per Share3.00.00.0100.0%8.00.00.0100.0%15.00.00.0100.0%34.00.00.0100.0%39.00.08.083.0%
Total Gains per Share3.00.00.0100.0%8.00.00.0100.0%15.00.00.0100.0%34.00.00.0100.0%43.01.03.091.5%

Fundamentals of Arena

About Arena REIT

Arena REIT is an ASX200 listed property group that develops, owns and manages social infrastructure properties across Australia. Our current portfolio of social infrastructure properties is leased to a diversified tenant base in the growing early learning and healthcare sectors.

Fundamental data was last updated by Penke on 2024-03-28 16:52:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is fair priced.

1.1. Profitability of Arena REIT.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Arena earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • A Net Profit Margin of 35.8% means that $0.36 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Arena REIT:

  • The MRQ is 35.8%. The company is making a huge profit. +2
  • The TTM is 64.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ35.8%TTM64.2%-28.4%
TTM64.2%YOY172.1%-107.9%
TTM64.2%5Y157.9%-93.7%
5Y157.9%10Y171.5%-13.6%
1.1.2. Return on Assets

Shows how efficient Arena is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • 1.1% Return on Assets means that Arena generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Arena REIT:

  • The MRQ is 1.1%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.2%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.1%TTM1.2%-0.2%
TTM1.2%YOY4.4%-3.2%
TTM1.2%5Y3.8%-2.6%
5Y3.8%10Y3.5%+0.3%
1.1.3. Return on Equity

Shows how efficient Arena is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • 1.4% Return on Equity means Arena generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Arena REIT:

  • The MRQ is 1.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.4%TTM1.7%-0.2%
TTM1.7%YOY5.9%-4.2%
TTM1.7%5Y5.2%-3.6%
5Y5.2%10Y5.2%+0.1%

1.2. Operating Efficiency of Arena REIT.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Arena is operating .

  • Measures how much profit Arena makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • An Operating Margin of 40.9% means the company generated $0.41  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Arena REIT:

  • The MRQ is 40.9%. The company is operating very efficient. +2
  • The TTM is 58.1%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ40.9%TTM58.1%-17.2%
TTM58.1%YOY83.5%-25.4%
TTM58.1%5Y52.3%+5.8%
5Y52.3%10Y46.9%+5.4%
1.2.2. Operating Ratio

Measures how efficient Arena is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Specialty industry mean).
  • An Operation Ratio of 0.22 means that the operating costs are $0.22 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Arena REIT:

  • The MRQ is 0.218. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.206. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.218TTM0.206+0.012
TTM0.206YOY-0.029+0.234
TTM0.2065Y0.044+0.161
5Y0.04410Y0.085-0.041

1.3. Liquidity of Arena REIT.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Arena is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to REIT - Specialty industry mean).
  • A Current Ratio of 0.76 means the company has $0.76 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Arena REIT:

  • The MRQ is 0.758. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.921. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.758TTM0.921-0.162
TTM0.921YOY1.488-0.568
TTM0.9215Y1.012-0.091
5Y1.01210Y0.754+0.258
1.3.2. Quick Ratio

Measures if Arena is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • A Quick Ratio of 0.76 means the company can pay off $0.76 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Arena REIT:

  • The MRQ is 0.758. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.927. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.758TTM0.927-0.169
TTM0.927YOY0.752+0.174
TTM0.9275Y0.853+0.074
5Y0.85310Y0.599+0.254

1.4. Solvency of Arena REIT.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Arena assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Arena to REIT - Specialty industry mean.
  • A Debt to Asset Ratio of 0.25 means that Arena assets are financed with 24.7% credit (debt) and the remaining percentage (100% - 24.7%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Arena REIT:

  • The MRQ is 0.247. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.239. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.247TTM0.239+0.008
TTM0.239YOY0.239+0.000
TTM0.2395Y0.249-0.010
5Y0.24910Y0.284-0.035
1.4.2. Debt to Equity Ratio

Measures if Arena is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Arena to the REIT - Specialty industry mean.
  • A Debt to Equity ratio of 32.7% means that company has $0.33 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Arena REIT:

  • The MRQ is 0.327. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.328. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.327TTM0.328-0.001
TTM0.328YOY0.331-0.003
TTM0.3285Y0.342-0.014
5Y0.34210Y0.424-0.082

2. Market Valuation of Arena REIT

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Arena generates.

  • Above 15 is considered overpriced but always compare Arena to the REIT - Specialty industry mean.
  • A PE ratio of 19.41 means the investor is paying $19.41 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Arena REIT:

  • The EOD is 20.769. Based on the earnings, the company is fair priced.
  • The MRQ is 19.409. Based on the earnings, the company is fair priced.
  • The TTM is 18.726. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD20.769MRQ19.409+1.360
MRQ19.409TTM18.726+0.682
TTM18.726YOY7.369+11.357
TTM18.7265Y9.754+8.972
5Y9.75410Y9.459+0.295
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Arena REIT:

  • The EOD is 60.306. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 56.356. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 32.748. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD60.306MRQ56.356+3.949
MRQ56.356TTM32.748+23.608
TTM32.748YOY10.807+21.941
TTM32.7485Y19.771+12.977
5Y19.77110Y31.506-11.735
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Arena is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to REIT - Specialty industry mean).
  • A PB ratio of 1.10 means the investor is paying $1.10 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Arena REIT:

  • The EOD is 1.177. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.100. Based on the equity, the company is underpriced. +1
  • The TTM is 1.096. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.177MRQ1.100+0.077
MRQ1.100TTM1.096+0.004
TTM1.096YOY1.142-0.046
TTM1.0965Y1.288-0.191
5Y1.28810Y1.558-0.270
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Arena REIT.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Arena REIT compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0050.003-272%0.142-104%0.121-104%0.081-107%
Book Value Per Share--3.3723.3750%3.339+1%2.598+30%1.751+93%
Current Ratio--0.7580.921-18%1.488-49%1.012-25%0.754+1%
Debt To Asset Ratio--0.2470.239+3%0.239+3%0.249-1%0.284-13%
Debt To Equity Ratio--0.3270.3280%0.331-1%0.342-4%0.424-23%
Dividend Per Share--0.0600.041+47%0.042+41%0.042+41%0.027+119%
Eps--0.0480.053-10%0.206-77%0.147-67%0.095-50%
Free Cash Flow Per Share--0.0160.035-53%-0.003+115%0.037-56%0.019-13%
Free Cash Flow To Equity Per Share---0.004-0.002-49%0.026-116%0.042-110%0.033-113%
Gross Profit Margin--1.0001.0000%1.0000%0.983+2%0.992+1%
Intrinsic Value_10Y_max--0.624--------
Intrinsic Value_10Y_min--0.576--------
Intrinsic Value_1Y_max--0.144--------
Intrinsic Value_1Y_min--0.142--------
Intrinsic Value_3Y_max--0.371--------
Intrinsic Value_3Y_min--0.356--------
Intrinsic Value_5Y_max--0.523--------
Intrinsic Value_5Y_min--0.491--------
Market Cap1409945563.520+7%1317606559.3601314055059.200+0%1353121560.960-3%1158144202.176+14%881451002.946+49%
Net Profit Margin--0.3580.642-44%1.721-79%1.579-77%1.715-79%
Operating Margin--0.4090.581-30%0.835-51%0.523-22%0.469-13%
Operating Ratio--0.2180.206+6%-0.029+113%0.044+392%0.085+155%
Pb Ratio1.177+7%1.1001.096+0%1.142-4%1.288-15%1.558-29%
Pe Ratio20.769+7%19.40918.726+4%7.369+163%9.754+99%9.459+105%
Price Per Share3.970+7%3.7103.700+0%3.810-3%3.261+14%2.482+49%
Price To Free Cash Flow Ratio60.306+7%56.35632.748+72%10.807+421%19.771+185%31.506+79%
Price To Total Gains Ratio73.001+7%68.22089.874-24%54.202+26%60.565+13%65.841+4%
Quick Ratio--0.7580.927-18%0.752+1%0.853-11%0.599+27%
Return On Assets--0.0110.012-13%0.044-76%0.038-72%0.035-69%
Return On Equity--0.0140.017-14%0.059-76%0.052-73%0.052-73%
Total Gains Per Share--0.0540.044+25%0.185-71%0.164-67%0.108-50%
Usd Book Value--781077718.300781897876.8330%773463420.400+1%601874470.340+30%405577789.132+93%
Usd Book Value Change Per Share---0.0030.002-272%0.093-104%0.079-104%0.053-107%
Usd Book Value Per Share--2.1992.2020%2.178+1%1.695+30%1.142+93%
Usd Dividend Per Share--0.0390.026+47%0.028+41%0.028+41%0.018+119%
Usd Eps--0.0310.035-10%0.135-77%0.096-67%0.062-50%
Usd Free Cash Flow--3812693.5008082649.300-53%-582503.900+115%8576766.550-56%4370342.851-13%
Usd Free Cash Flow Per Share--0.0110.023-53%-0.002+115%0.024-56%0.012-13%
Usd Free Cash Flow To Equity Per Share---0.003-0.001-49%0.017-116%0.027-110%0.022-113%
Usd Market Cap919707491.084+7%859474758.671857158115.116+0%882641194.214-3%755457463.079+14%574970489.222+49%
Usd Price Per Share2.590+7%2.4202.414+0%2.485-3%2.127+14%1.619+49%
Usd Profit--11070835.60012560906.233-12%44432175.517-75%31291570.273-65%20192776.264-45%
Usd Revenue--30890318.80023266562.550+33%24618889.167+25%18164772.047+70%11800648.985+162%
Usd Total Gains Per Share--0.0350.028+25%0.120-71%0.107-67%0.071-50%
 EOD+4 -4MRQTTM+9 -26YOY+14 -215Y+14 -2210Y+16 -20

4.2. Fundamental Score

Let's check the fundamental score of Arena REIT based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1520.769
Price to Book Ratio (EOD)Between0-11.177
Net Profit Margin (MRQ)Greater than00.358
Operating Margin (MRQ)Greater than00.409
Quick Ratio (MRQ)Greater than10.758
Current Ratio (MRQ)Greater than10.758
Debt to Asset Ratio (MRQ)Less than10.247
Debt to Equity Ratio (MRQ)Less than10.327
Return on Equity (MRQ)Greater than0.150.014
Return on Assets (MRQ)Greater than0.050.011
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Arena REIT based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5075.663
Ma 20Greater thanMa 503.633
Ma 50Greater thanMa 1003.554
Ma 100Greater thanMa 2003.520
OpenGreater thanClose3.910
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-12-31
Net Working Capital  22,919022,919-22,86752052-9,077-9,025



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in AUD. All numbers in thousands.

Summary
Total Assets1,589,529
Total Liabilities392,108
Total Stockholder Equity1,197,421
 As reported
Total Liabilities 392,108
Total Stockholder Equity+ 1,197,421
Total Assets = 1,589,529

Assets

Total Assets1,589,529
Total Current Assets28,309
Long-term Assets1,561,220
Total Current Assets
Cash And Cash Equivalents 14,605
Short-term Investments 5,441
Net Receivables 8,263
Inventory -5,441
Total Current Assets  (as reported)28,309
Total Current Assets  (calculated)22,868
+/- 5,441
Long-term Assets
Property Plant Equipment 516
Goodwill 10,816
Long-term Assets  (as reported)1,561,220
Long-term Assets  (calculated)11,332
+/- 1,549,888

Liabilities & Shareholders' Equity

Total Current Liabilities37,334
Long-term Liabilities354,576
Total Stockholder Equity1,197,421
Total Current Liabilities
Short-term Debt 236
Accounts payable 20,982
Other Current Liabilities 16,352
Total Current Liabilities  (as reported)37,334
Total Current Liabilities  (calculated)37,570
+/- 236
Long-term Liabilities
Long-term Liabilities  (as reported)354,576
Long-term Liabilities  (calculated)0
+/- 354,576
Total Stockholder Equity
Common Stock575,175
Retained Earnings 622,246
Total Stockholder Equity (as reported)1,197,421
Total Stockholder Equity (calculated)1,197,421
+/-0
Other
Cash and Short Term Investments 14,605
Common Stock Shares Outstanding 352,493
Current Deferred Revenue-236
Liabilities and Stockholders Equity 1,589,529
Net Debt 340,308
Net Working Capital -9,025
Short Long Term Debt Total 354,913



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-12-312023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-06-302020-12-312020-09-302020-06-302020-03-312019-12-312019-06-302019-03-312018-12-312018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-09-302010-06-302009-06-30
> Total Assets 
241,776
233,995
0
240,969
240,969
242,266
242,266
240,197
240,197
242,919
242,919
241,275
241,275
331,845
331,845
375,297
375,297
403,641
403,641
450,623
450,623
480,743
480,743
513,951
513,951
584,099
584,099
621,282
621,282
704,277
704,277
726,087
726,087
763,698
0
825,721
890,407
0
1,012,580
0
1,062,243
1,151,511
1,346,828
1,518,566
1,518,566
1,577,991
1,577,991
1,568,296
1,568,296
1,589,529
1,589,5291,568,2961,568,2961,577,9911,577,9911,518,5661,518,5661,346,8281,151,5111,062,24301,012,5800890,407825,7210763,698726,087726,087704,277704,277621,282621,282584,099584,099513,951513,951480,743480,743450,623450,623403,641403,641375,297375,297331,845331,845241,275241,275242,919242,919240,197240,197242,266242,266240,969240,9690233,995241,776
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,466
0
0
0
18,051
0
0
0
10,415
8,864
8,864
17,695
17,695
15,944
15,944
0
15,040
9,267
0
15,845
25,369
0
86,017
0
32,051
25,905
29,335
25,795
28,859
56,223
56,223
28,356
28,356
28,309
28,30928,35628,35656,22356,22328,85925,79529,33525,90532,051086,017025,36915,84509,26715,040015,94415,94417,69517,6958,8648,86410,41500018,05100019,4660000000000000000
       Cash And Cash Equivalents 
6,580
3,884
0
4,895
4,895
5,449
5,449
5,561
5,561
13,752
13,752
4,995
4,995
5,555
5,555
3,947
3,947
6,699
6,699
10,888
10,888
8,403
8,403
9,446
9,446
7,928
7,928
9,082
9,082
9,026
9,026
8,654
8,654
0
0
8,134
0
0
76,330
0
28,758
14,018
26,113
22,200
22,200
16,519
16,519
16,113
16,113
14,605
14,60516,11316,11316,51916,51922,20022,20026,11314,01828,758076,330008,134008,6548,6549,0269,0269,0829,0827,9287,9289,4469,4468,4038,40310,88810,8886,6996,6993,9473,9475,5555,5554,9954,99513,75213,7525,5615,5615,4495,4494,8954,89503,8846,580
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,064
0
0
6,939
6,939
5,441
5,4416,9396,939003,06400000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,088
0
0
0
6,753
0
0
0
466
936
936
8,154
8,154
6,918
6,918
0
5,782
1,509
0
6,736
13,663
0
8,961
0
3,293
8,630
3,222
2,697
3,011
0
6,599
0
4,194
8,263
8,2634,19406,59903,0112,6973,2228,6303,29308,961013,6636,73601,5095,78206,9186,9188,1548,1549369364660006,75300015,0880000000000000000
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
459
459
0
0
0
604
0
0
975
0
0
726
0
0
3,257
0
898
-25,211
0
-23,118
0
-20,307
-22,868
-22,868-20,3070-23,1180-25,21189803,257007260097500604000459459000000000000000000000000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
355,831
0
0
0
432,572
0
0
0
503,536
0
0
0
603,587
0
0
0
711,047
0
0
809,876
0
0
926,563
0
0
1,125,606
0
1,492,771
1,489,393
1,501,875
1,521,768
1,539,940
1,539,940
1,561,220
1,561,2201,539,9401,539,9401,521,7681,501,8751,489,3931,492,77101,125,60600926,56300809,87600711,047000603,587000503,536000432,572000355,8310000000000000000
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
121
0
0
0
219
563,383
563,383
591,911
199
676,769
676,769
0
154
132
0
139
287
0
209
0
131
987
892
783
783
1,491,059
656
1,516,566
654
516
5166541,516,5666561,491,0597837838929871310209028713901321540676,769676,769199591,911563,383563,38321900012100000000000000000000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,730
10,730
10,730
10,730
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
0
10,816
10,816
0
10,816
0
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,81610,81610,81610,81610,81610,81610,81610,81610,81610,816010,816010,81610,816010,81610,81610,81610,81610,81610,81610,81610,81610,81610,81610,81610,81610,81610,73010,73010,73010,73000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,730
10,730
10,730
10,730
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
10,816
0
0
0
0
0
0
0
0
0
0
0
10,816
0
10,816
0
10,816
0
010,816010,816010,8160000000000010,81610,81610,81610,81610,81610,81610,81610,81610,81610,81610,81610,81610,73010,73010,73010,73000000000000000000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
700,077
0
0
798,921
0
0
915,538
0
0
1,113,803
0
1,481,172
898
-1,501,875
33,105
-1,539,940
1,110
-1,561,220
-1,561,2201,110-1,539,94033,105-1,501,8758981,481,17201,113,80300915,53800798,92100700,07700000000000000000000000000000000
> Total Liabilities 
126,447
118,917
0
115,838
115,838
118,279
118,279
107,419
107,419
108,339
108,339
31,210
31,210
114,983
114,983
137,094
137,094
154,171
154,171
147,132
147,132
144,905
144,905
156,458
156,458
177,064
177,064
188,806
188,806
185,736
185,736
194,444
194,444
212,480
0
215,391
237,492
0
260,700
0
267,846
272,593
304,123
349,592
349,592
383,856
383,856
368,989
368,989
392,108
392,108368,989368,989383,856383,856349,592349,592304,123272,593267,8460260,7000237,492215,3910212,480194,444194,444185,736185,736188,806188,806177,064177,064156,458156,458144,905144,905147,132147,132154,171154,171137,094137,094114,983114,98331,21031,210108,339108,339107,419107,419118,279118,279115,838115,8380118,917126,447
   > Total Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,985
0
0
0
15,509
0
0
0
15,374
14,108
14,108
16,814
16,814
17,242
17,242
0
15,058
14,415
0
18,363
22,043
0
33,525
0
23,268
26,230
29,191
26,497
26,497
33,304
33,304
28,304
28,304
37,334
37,33428,30428,30433,30433,30426,49726,49729,19126,23023,268033,525022,04318,363014,41515,058017,24217,24216,81416,81414,10814,10815,37400015,50900010,9850000000000000000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
162,606
162,606
171,655
171,655
168,170
168,170
0
0
0
0
0
0
0
125
0
0
215
0
215
215
0
222
0
229
236
236229022202152150215001250000000168,170168,170171,655171,655162,606162,6060000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
162,606
162,606
171,655
171,655
168,170
168,170
0
0
0
0
0
0
0
125
0
0
0
0
0
0
0
0
0
0
0
000000000001250000000168,170168,170171,655171,655162,606162,6060000000000000000000000000
       Accounts payable 
2,424
2,807
0
1,318
2,621
4,840
4,840
2,249
2,250
5,785
5,785
2,029
2,029
7,841
7,841
4,456
4,456
11,701
11,701
5,593
5,593
12,877
12,877
6,628
6,628
7,020
7,020
7,285
7,285
8,388
8,388
4,247
4,247
0
0
0
0
0
0
0
0
0
0
0
7,619
17,780
17,780
9,319
9,319
20,982
20,9829,3199,31917,78017,7807,619000000000004,2474,2478,3888,3887,2857,2857,0207,0206,6286,62812,87712,8775,5935,59311,70111,7014,4564,4567,8417,8412,0292,0295,7855,7852,2502,2494,8404,8402,6211,31802,8072,424
       Other Current Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,088
7,088
9,529
7,221
8,854
8,854
0
15,058
0
0
18,363
0
0
33,400
0
0
26,015
0
26,282
18,878
15,524
15,524
18,985
18,985
16,352
16,35218,98518,98515,52415,52418,87826,282026,0150033,4000018,3630015,05808,8548,8547,2219,5297,0887,0880000000000000000000000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
126,109
0
0
0
131,623
0
0
0
141,084
0
0
0
171,992
0
0
0
179,386
0
0
197,028
0
0
227,175
0
0
246,363
0
323,095
322,547
350,111
350,111
340,342
340,342
354,576
354,576340,342340,342350,111350,111322,547323,0950246,36300227,17500197,02800179,386000171,992000141,084000131,623000126,1090000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
178,491
195,107
0
187,570
206,264
0
213,828
0
233,971
239,854
273,723
0
322,998
0
350,448
0
340,564
0
0340,5640350,4480322,9980273,723239,854233,9710213,8280206,264187,5700195,107178,49100000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-162,606
-162,606
-171,655
-171,655
-168,170
-168,170
0
0
0
0
0
0
0
-125
0
0
691
0
-215
451
0
-222
0
222
-236
-2362220-2220451-215069100-1250000000-168,170-168,170-171,655-171,655-162,606-162,6060000000000000000000000000
> Total Stockholder Equity
115,328
115,077
115,077
125,131
125,131
123,987
123,987
132,778
132,778
134,580
134,580
210,065
210,065
195,577
195,577
238,203
238,203
249,470
249,470
303,491
303,491
335,838
335,838
296,411
357,493
342,611
342,611
364,108
364,108
439,371
439,371
450,398
531,643
551,218
0
610,330
652,915
0
751,880
0
794,397
741,879
1,042,705
1,006,422
1,168,974
1,031,290
1,194,135
1,056,677
1,199,307
1,197,421
1,197,4211,199,3071,056,6771,194,1351,031,2901,168,9741,006,4221,042,705741,879794,3970751,8800652,915610,3300551,218531,643450,398439,371439,371364,108364,108342,611342,611357,493296,411335,838335,838303,491303,491249,470249,470238,203238,203195,577195,577210,065210,065134,580134,580132,778132,778123,987123,987125,131125,131115,077115,077115,328
   Common Stock
134,325
134,325
0
134,325
134,325
134,325
134,325
134,325
134,325
134,325
134,325
205,252
205,252
182,988
182,988
204,506
204,506
204,658
204,658
230,707
230,707
233,722
233,722
197,224
197,224
200,106
200,106
202,179
202,179
257,617
257,617
259,780
341,025
262,574
0
406,175
324,319
0
515,924
0
402,155
406,736
410,957
415,410
577,962
420,583
583,428
424,361
566,991
575,175
575,175566,991424,361583,428420,583577,962415,410410,957406,736402,1550515,9240324,319406,1750262,574341,025259,780257,617257,617202,179202,179200,106200,106197,224197,224233,722233,722230,707230,707204,658204,658204,506204,506182,988182,988205,252205,252134,325134,325134,325134,325134,325134,325134,325134,3250134,325134,325
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
112
0
0
0
61,082
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000061,08200011200000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
81,245
90,673
0
99,807
105,840
0
119,099
0
123,566
137,039
151,715
0
162,552
-1,031,290
-1,031,290
-1,056,677
-1,056,677
0
0-1,056,677-1,056,677-1,031,290-1,031,290162,5520151,715137,039123,5660119,0990105,84099,807090,67381,24500000000000000000000000000000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue93,235
Cost of Revenue-635
Gross Profit92,60092,600
 
Operating Income (+$)
Gross Profit92,600
Operating Expense-6,794
Operating Income85,80685,806
 
Operating Expense (+$)
Research Development0
Selling General Administrative6,543
Selling And Marketing Expenses4,986
Operating Expense6,79411,529
 
Net Interest Income (+$)
Interest Income9,694
Interest Expense-12,941
Other Finance Cost-6,182
Net Interest Income-9,429
 
Pretax Income (+$)
Operating Income85,806
Net Interest Income-9,429
Other Non-Operating Income Expenses0
Income Before Tax (EBT)74,23997,373
EBIT - interestExpense = 55,016
57,992
87,180
Interest Expense12,941
Earnings Before Interest and Taxes (EBIT)67,95787,180
Earnings Before Interest and Taxes (EBITDA)69,514
 
After tax Income (+$)
Income Before Tax74,239
Tax Provision-0
Net Income From Continuing Ops74,23974,239
Net Income74,239
Net Income Applicable To Common Shares74,239
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses7,590
Total Other Income/Expenses Net-11,5679,429
 

Technical Analysis of Arena
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Arena. The general trend of Arena is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Arena's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Arena REIT.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 4.6207072463768.

The bearish price targets are: 3.9343087591241 > 3.8399476070529 > 3.8063195876289.

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Arena REIT Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Arena REIT. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Arena REIT Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Arena REIT. The current macd is 0.11615765.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Arena price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Arena. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Arena price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Arena REIT Daily Moving Average Convergence/Divergence (MACD) ChartArena REIT Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Arena REIT. The current adx is 32.19.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Arena shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Arena REIT Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Arena REIT. The current sar is 3.76247337.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Arena REIT Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Arena REIT. The current rsi is 75.66. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Arena REIT Daily Relative Strength Index (RSI) ChartArena REIT Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Arena REIT. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Arena price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Arena REIT Daily Stochastic Oscillator ChartArena REIT Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Arena REIT. The current cci is 132.55.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Arena REIT Daily Commodity Channel Index (CCI) ChartArena REIT Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Arena REIT. The current cmo is 60.48.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Arena REIT Daily Chande Momentum Oscillator (CMO) ChartArena REIT Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Arena REIT. The current willr is -1.85185185.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Arena REIT Daily Williams %R ChartArena REIT Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Arena REIT.

Arena REIT Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Arena REIT. The current atr is 0.09505242.

Arena REIT Daily Average True Range (ATR) ChartArena REIT Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Arena REIT. The current obv is 4,786,456.

Arena REIT Daily On-Balance Volume (OBV) ChartArena REIT Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Arena REIT. The current mfi is 75.30.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Arena REIT Daily Money Flow Index (MFI) ChartArena REIT Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Arena REIT.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-09STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-17STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-18MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-21RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-28MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-12SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-19MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-25STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-07DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-21WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-21MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Arena REIT Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Arena REIT based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5075.663
Ma 20Greater thanMa 503.633
Ma 50Greater thanMa 1003.554
Ma 100Greater thanMa 2003.520
OpenGreater thanClose3.910
Total4/5 (80.0%)
Penke

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