Technical indicators signal a Ascending Triangle forming. Verify the setup on the chart.
Bullish continuation pattern.
Technical analysis of Federal Realty Investment Trust (FRT) reveals a significant setup. Currently at $104.91, the asset is showing upward momentum (0.15%). The primary technical feature is a **Ascending Triangle** formation. Volume is average (0.93x avg) with moderate trend strength (23.4). A potential breakout level is identified at **$108.54**, targeting **$118.75** with support near **$99.7** (R:R 1.15).
What is your outlook on FRT?