Technical Analysis for RIT - First Asset Canadian REIT ETF

Grade Last Price % Change Price Change
D 14.880 -0.80% -0.120
RIT closed down 1.19 percent on Tuesday, May 28, 2024, on 1.38 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Down 3 Days in a Row Weakness -0.80%
Down 4 Days in a Row Weakness -0.80%
Down 5 Days in a Row Weakness -0.80%
Oversold Stochastic Weakness -0.80%
Narrow Range Bar Range Contraction -1.98%
Stochastic Reached Oversold Weakness -1.98%
Down 3 Days in a Row Weakness -1.98%
Down 4 Days in a Row Weakness -1.98%
Down 5 Days in a Row Weakness -1.98%
Oversold Stochastic Weakness -1.98%

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Profile

First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based closed-end investment trust. The Fund's investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges. The investment portfolio provides diversification among various real estate holdings, including apartment buildings, shopping centers, office buildings and nursing/retirement homes, among others. The manager and investment advisor of the Fund is First Asset Investment Management Inc.
Classification

Keywords: Real Estate Investment Management Real Estate Investment Trust Investment Trust Real Estate Investment Private Equity Tire Stock Exchanges Apartment Real Estate Investment Trusts Diversification Active Management Investment Advisor Real Estate Holdings

Top 10 Components

Symbol Grade Price % Change Allocation
REI.UN F -1.58 5.50
GRT.UN D -1.29 5.47
DIR.UN D -1.38 5.40
BEI.UN D 0.50 5.39
CSH.UN C -0.57 5.38
KMP.UN D -0.41 5.25
CAR.UN D -1.12 5.05
IIP.UN F -1.45 4.90
FCR.UN D -2.42 4.84

Is RIT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 16.2982
52 Week Low 13.482
Average Volume 10,075
200-Day Moving Average 15.336
50-Day Moving Average 15.498
20-Day Moving Average 15.370
10-Day Moving Average 15.401
Average True Range 0.141
RSI (14) 32.43
ADX 17.21
+DI 19.947
-DI 38.661
Chandelier Exit (Long, 3 ATRs) 15.286
Chandelier Exit (Short, 3 ATRs) 15.424
Upper Bollinger Bands 15.760
Lower Bollinger Band 14.980
Percent B (%b) 0.03
BandWidth 5.077
MACD Line -0.059
MACD Signal Line -0.022
MACD Histogram -0.0375
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.330
Resistance 3 (R3) 15.367 15.293 15.275
Resistance 2 (R2) 15.293 15.209 15.275 15.257
Resistance 1 (R1) 15.147 15.157 15.110 15.110 15.238
Pivot Point 15.073 15.073 15.055 15.055 15.073
Support 1 (S1) 14.927 14.989 14.890 14.890 14.762
Support 2 (S2) 14.853 14.937 14.835 14.743
Support 3 (S3) 14.707 14.853 14.725
Support 4 (S4) 14.670