Technical Analysis for GRCC - Horizons Growth Asset Allocation Covered Call ETF

Grade Last Price % Change Price Change
A 21.950 -0.59% -0.130
GRCC closed down 0.59 percent on Monday, November 18, 2024, on 6 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Flat

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -0.59%
Narrow Range Bar Range Contraction -0.59%
New 52 Week High Strength -0.59%
Gapped Up Strength -0.59%
Overbought Stochastic Strength -0.59%

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Profile

Horizons Growth Asset Allocation Covered Call ETF Description

Horizons Growth Asset Allocation Covered Call ETF is an exchange traded fund launched and managed by Horizons ETFs Management (Canada) Inc. The fund invests in public equity and fixed income markets of global region. For its equity portion, it invests through derivatives and through other funds in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities. The fund seeks to benchmark the performance of its portfolio against a composite index comprising of 12% of the Solactive Canadian Select Universe Bond Index, 8% of the Solactive US 7-10 Year Treasury Bond Index (Total Return), 16% of the S&P/TSX 60 Total Return Index, 28% of the Cboe S&P 500 Half BuyWrite Index, 8% of the Cboe NASDAQ-100 Half BuyWrite V2 Index, 10% of the Cboe MSCI EAFE BuyWrite Index, 10% of the MSCI EAFE Net Total Return USD Index, 4% of the Cboe MSCI Emerging Markets BuyWrite Index and 4% of the MSCI Emerging Markets Net Total Return USD Index. Horizons Growth Asset Allocation Covered Call ETF was formed on October 10, 2023 and is domiciled in Canada.


Classification

Keywords: Exchange Traded Funds Investment Management Solactive Options Synthetic Replication Asset Allocation Chicago Board Options Exchange Cboe Djia Buywrite Index Covered Option Morgan Stanley

Top 10 Components

Symbol Grade Price % Change Allocation
MPAY.U F 0.00 7.57

Is GRCC 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 22.08
52 Week Low 19.328
Average Volume 1,712
200-Day Moving Average 0.000
50-Day Moving Average 21.357
20-Day Moving Average 21.785
10-Day Moving Average 21.949
Average True Range 0.119
RSI (14) 59.84
ADX 21.09
+DI 56.428
-DI 40.383
Chandelier Exit (Long, 3 ATRs) 21.722
Chandelier Exit (Short, 3 ATRs) 21.193
Upper Bollinger Bands 22.210
Lower Bollinger Band 21.359
Percent B (%b) 0.69
BandWidth 3.906
MACD Line 0.205
MACD Signal Line 0.208
MACD Histogram -0.0038
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.950
Resistance 3 (R3) 21.950 21.950 21.950
Resistance 2 (R2) 21.950 21.950 21.950 21.950
Resistance 1 (R1) 21.950 21.950 21.950 21.950 21.950
Pivot Point 21.950 21.950 21.950 21.950 21.950
Support 1 (S1) 21.950 21.950 21.950 21.950 21.950
Support 2 (S2) 21.950 21.950 21.950 21.950
Support 3 (S3) 21.950 21.950 21.950
Support 4 (S4) 21.950