Douglas Emmett Inc (DEI): Price Now Near $31.83; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for DEI

At the moment, DEI (Get Ratings)’s price is down $-0.01 (-0.03%) from the hour prior. DEI has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

DEI ranks 145th in terms of today’s price percentage change out of Trading stocks.

DEI’s Technical Outlook on the Daily Chart

At the moment, DEI’s price is down $-0.07 (-0.22%) from the day prior. This move is a reversal from the day prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Of note is that the 100 day changed directions on DEI; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows DEI’s price action over the past 90 days.