Technical Analysis for NCD.UN - First Asset North American Convertibles Fund

Grade Last Price % Change Price Change
grade B 7.09 -1.53% -0.110
NCD.UN closed down 1.53 percent on Wednesday, December 5, 2018, on 3 percent of normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical NCD.UN trend table...

Date Alert Name Type % Chg
Dec 5 Fell Below 200 DMA Bearish 0.00%
Dec 5 Narrow Range Bar Range Contraction 0.00%
Dec 5 Inside Day Range Contraction 0.00%
Nov 29 Crossed Above 200 DMA Bullish -1.53%
Nov 29 Crossed Above 20 DMA Bullish -1.53%
Nov 29 Crossed Above 50 DMA Bullish -1.53%
Nov 29 Gapped Up Strength -1.53%
Nov 28 Narrow Range Bar Range Contraction 2.75%
Nov 28 Gapped Up Strength 2.75%
Nov 27 New Downtrend Bearish 3.96%

Older signals for NCD.UN ...

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Profile
First Asset North American Convertibles Fund, formerly North American Advantaged Convertibles Fund, is a Canada-based closed-end investment trust. The Fund's investment objectives are to provide holders of units with quarterly distributions and the opportunity for capital appreciation. The Fund invests in a diversified portfolio consisting primarily of convertible debentures of Canadian, the United States and global issuers. The Fund seeks to provide a risk-adjusted way to invest in Canadian, the United States and global markets, through a combination of current income, security of principal and the opportunity for capital appreciation. The Fund invests in sectors, including energy, utilities, financials, industrials, information technology, materials, consumer discretionary, consumer staples and healthcare. First Asset Investment Management Inc. is the manager of the Fund.
Is NCD.UN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 7.55
52 Week Low 6.58
Average Volume 3,309
200-Day Moving Average 7.1801
50-Day Moving Average 7.0356
20-Day Moving Average 7.0705
10-Day Moving Average 6.992
Average True Range 0.1083
ADX 22.17
+DI 42.3519
-DI 43.4143
Chandelier Exit (Long, 3 ATRs ) 7.0951
Chandelier Exit (Short, 3 ATRs ) 6.9049
Upper Bollinger Band 7.3685
Lower Bollinger Band 6.7725
Percent B (%b) 0.53
BandWidth 8.42939
MACD Line -0.0115
MACD Signal Line -0.0075
MACD Histogram -0.004
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.090
Resistance 3 (R3) 7.090 7.090 7.090
Resistance 2 (R2) 7.090 7.090 7.090 7.090
Resistance 1 (R1) 7.090 7.090 7.090 7.090 7.090
Pivot Point 7.090 7.090 7.090 7.090 7.090
Support 1 (S1) 7.090 7.090 7.090 7.090 7.090
Support 2 (S2) 7.090 7.090 7.090 7.090
Support 3 (S3) 7.090 7.090 7.090
Support 4 (S4) 7.090