Satrix Property ETF: What You Need To Know

Research Notes For 07 to 11 July > https://www.unum.capital/post/r0711july

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Consistent bullish momentum: Both short and slightly longer short-term trends are bullish, supporting upward price action.

Short-term caution: The short-term trend is a bullish regime but currently lacks directional bias and needs a break of range to trigger a new trend.

Medium-term steady upward trend: The medium term indicates consolidation within an upward trend. The 8-EMA has been breached, and the 21-EMA is suggested as a potential buy range.

Long-term bullish attempt: The long term shows an "In or Commencing Upward Trend," but with a strong caution to consider the potential failure to hold prior session range highs, which could create a tactical short-sell opportunity.

In summary, for STXPRO, the current view is cautiously bullish across short to medium terms, with a long-term upward trend that carries a significant warning about potential short-sell opportunities if prior highs are not sustained. However, short-term traders should be cautious and look for a break of range for new trends.

The model points to a general upward trend for the price of STXPRO, but with significant caveats regarding directional bias in the short term and potential reversals in the long term.

Here's a breakdown of the current price action: The 7-day trend is indicated as "Neutral," while the 14-day trend is "Rangebound."

Comparison: The short-term (7-day) trend is "Neutral," while the slightly longer short-term (14-day) trend is "Rangebound." This suggests a lack of clear directional momentum in the immediate and near-term, indicating a period of consolidation or indecision.

Potential Trading Approach:

Short Term (Approximately Next 1 to 10 Trading Days): The model notes, "Bullish Regime But Currently Lacks Directional Bias Needs Break Of Range To Trigger New Trend."

• Approach: The short term is in a bullish regime, but without a clear directional bias. The recommended approach is to wait for a definitive break of the current range to trigger a new trend before making a move. This suggests a patient approach, waiting for confirmation of direction.

Medium Term (Approximately Next 2 to 4 Weeks): The model indicates "Consolidating Within An Upward Trend. If The 8-EMA Has Been Breached, Use The 21-EMA As A Potential Buy Range."

• Approach: The medium term suggests consolidation within an overall upward trend. Given that the 8-EMA has been breached, the 21-EMA is identified as a potential buy range. This implies a "buy the dip" strategy within the consolidating upward trend, targeting entries at stronger support levels.

Long Term (Approximately Next 5 to 8 Weeks): The model states, "In or Commencing Upward Trend However Strongly Consider The Potential Failure To Hold Prior Session Range Highs Which Will Create A Tactical Short-Sell Opportunity."

• Approach: The long-term perspective indicates that STXPRO is either in or commencing an upward trend. However, there's a strong warning to consider the potential failure to hold prior session range highs. If this occurs, it could create a tactical short-sell opportunity. This suggests a bullish long-term outlook but with a critical eye on resistance levels and potential reversals.

Lester Davids

Senior Investment Analyst: Unum Capital