See how the Rectangle is playing out for REG. View live chart.
Sideways movement between parallel supports.
Bullish continuation if preceding move was up.
Consolidation. Can break either way.
Bullish continuation pattern.
Reversal pattern. Price likely to break downwards.
Traders are watching Regency Centers (REG) as price action tightens. Currently at $77.89, the asset is showing upward momentum (0.19%). Algorithmically, a Bullish Flag structure has completed. The trend indicator is reading 12.6/100, suggesting moderate momentum. A potential breakout level is identified at $79.52, targeting $87.27 with support near $75.87 (R:R 2.12).
What is your outlook on REG?