Kilroy Realty $KRC stock confirmed a break below rectangle support on November 17, 2022. The stock is testing a major double bottomThe double bottom chart pattern is a reversal pattern that indicates the exhaustion of a downward trend and the potential for an upward trend. support area.
Office real estate investment trust risks are elevated with the risk of declining rent growth, and multiples, hanging over the sector.
Neuberger Berman’s Brian Jones offers opportunity plays in REITs
Kilroy Realty $KRC Stock Technical Analysis
Kilroy Realty $KRC stock is in a technical strong downtrend. Long-term indicators support a continuation of the downtrend. Short-term indicators suggest the stock is approaching oversold territory leaving open the possibility of a bounce. The stock has broken below rectangle support and is testing double bottom support. The MACDThe MACD indicator is essentially a momentum indicator that shows the relationship between two different moving averages of price. The MACD is the difference between the 12-period ... has just given a sell signal and the money flow is negative.
