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

Grade Last Price % Change Price Change
A 20.810 -0.43% -0.090
GRCC closed down 0.43 percent on Friday, April 19, 2024, on 24 percent of 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
Strong N/A N/A Down

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup -0.43%
Narrow Range Bar Range Contraction -0.43%
Stochastic Reached Oversold Weakness -0.43%
Gapped Down Weakness -0.43%
Oversold Stochastic Weakness -0.43%
Fell Below 20 DMA Bearish -1.28%

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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

Top 10 Components

Symbol Grade Price % Change Allocation
USCC.U B 0.23 28.34
HXDM B 0.87 20.33
CNCC B 0.50 15.67
HBB D 0.37 11.48
QQCC C 1.14 8.23
HXEM A 1.08 7.98

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 21.68
52 Week Low 19.6
Average Volume 2,640
200-Day Moving Average 0.000
50-Day Moving Average 0.000
20-Day Moving Average 21.109
10-Day Moving Average 21.169
Average True Range 0.127
RSI (14) 44.75
ADX 28.66
+DI 46.519
-DI 42.064
Chandelier Exit (Long, 3 ATRs) 21.299
Chandelier Exit (Short, 3 ATRs) 21.191
Upper Bollinger Bands 21.451
Lower Bollinger Band 20.767
Percent B (%b) 0.06
BandWidth 3.241
MACD Line 0.105
MACD Signal Line 0.175
MACD Histogram -0.0701
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.825
Resistance 3 (R3) 20.827 20.823 20.823
Resistance 2 (R2) 20.823 20.820 20.823 20.822
Resistance 1 (R1) 20.817 20.817 20.815 20.815 20.821
Pivot Point 20.813 20.813 20.813 20.813 20.813
Support 1 (S1) 20.807 20.810 20.805 20.805 20.799
Support 2 (S2) 20.803 20.807 20.803 20.798
Support 3 (S3) 20.797 20.803 20.798
Support 4 (S4) 20.795