Price holding up in a weak market and showing signs of buying strength

Potential Buy Entry Alert RFF

 

Time Frame : Daily/Weekly

Sector : Real Estate/General

Key Stats : $705.34 Million Market Cap, VWAP 2.121, ASX Ranking 279, 4 Week Av Turnover $624,150, PE 15, Div Yield 4.78%.

Company Overview : Rural Funds Group (RFF) is a real estate property trust which owns a diversified portfolio of Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust and RF Active. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.

Broker Consensus : Buy

 

RFF – Rural Funds Group

RFF has reacted lower off the 2.20 zone as expected so we are now on watch for a potential buy entry setup. With the weakness in the overall market, happy to wait and give some time for the price action to prove itself and build a higher low for the entry setup.

 

Stock Code : RFF – Rural Funds Group

Company Website : www.ruralfunds.com.au

Current Price : 2.13

Status : On watch for a buy entry setup

 


Previous Alert 19/9/18

Potential Buy Entry Alert RFF

 

Time Frame : Daily/Weekly

Sector : Real Estate/General

Key Stats : $728.63 Million Market Cap, VWAP 2.182, ASX Ranking 284, 4 Week Av Turnover $1,546,953, PE 15.5, Div Yield 4.63%.

Company Overview : Rural Funds Group (RFF) is a real estate property trust which owns a diversified portfolio of Australian agricultural assets. RFF’s investment objective is to generate a stable income stream derived from leasing its assets to suitable counterparts and capital growth through any appreciation in the value of those assets. RFF is a stapled security, incorporating Rural Funds Trust and RF Active. Rural Funds Management Ltd (RFM) is the responsible entity of RFF.

Broker Consensus : Buy

 

RFF – Rural Funds Group

RFF has kicked on higher to break through 2.17 resistance since the last alert below. We see the move up on the daily and weekly is stretched so are watching for some late buyers to be squeezed out of the action and price to pullback. If the pullback plays out, we want to see buyers build the higher low for confirmation and a show of strength and also the entry setup.

 

Stock Code : RFF – Rural Funds Group

Company Website : www.ruralfunds.com.au

Current Price : 2.18

Status : On watch for a buy entry setup