Technical Analysis for RBN.UN - Blue Ribbon Income Fund

Grade Last Price % Change Price Change
C 8.450 0.60% 0.050
RBN.UN closed up 0.6 percent on Friday, November 15, 2024, on 59 percent of normal volume. It ran into resistance at its 50 day moving average. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
50 DMA Resistance Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Outside Day Range Expansion 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Narrow Range Bar Range Contraction 0.60%
Inside Day Range Contraction 0.60%
Gapped Up Strength 0.60%

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Profile

Blue Ribbon Income Fund Description

Blue Ribbon Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund's investment objectives are to provide unitholders with high monthly distributions and low management fees, together with the opportunity for capital appreciation. The Fund focuses on providing a high level of monthly distributions and the opportunity to participate in capital gains by managing a portfolio of publicly listed or traded securities, including income trusts, royalty trusts, real estate investment trusts, common shares, preferred securities and debt instruments. The Fund invests in a portfolio of sectors, such as consumer staples and discretionary; financial; healthcare; industrial; materials; oil and gas; pipe, power, utilities and infrastructure; real estate, and short-term investments. Its portfolio is managed by Bloom Investment Counsel, Inc., which is the investment manager of the Fund.


Classification

Keywords: Oil Financial Oil And Gas Health Real Estate Debt Investment Funds Materials Healthcare Real Estate Investment Trust Infrastructure Investment Trust Real Estate Investment Pipe Utilities Income Trust Real Estate Investment Trusts Taxation In Canada Legal Entities Royalty Trust

Is RBN.UN 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 8.84
52 Week Low 6.7
Average Volume 5,239
200-Day Moving Average 7.983
50-Day Moving Average 8.464
20-Day Moving Average 8.469
10-Day Moving Average 8.380
Average True Range 0.076
RSI (14) 49.75
ADX 13.05
+DI 37.519
-DI 23.380
Chandelier Exit (Long, 3 ATRs) 8.551
Chandelier Exit (Short, 3 ATRs) 8.549
Upper Bollinger Bands 8.682
Lower Bollinger Band 8.255
Percent B (%b) 0.46
BandWidth 5.042
MACD Line -0.031
MACD Signal Line -0.023
MACD Histogram -0.0075
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.600
Resistance 3 (R3) 8.593 8.537 8.575
Resistance 2 (R2) 8.537 8.498 8.540 8.567
Resistance 1 (R1) 8.493 8.475 8.465 8.500 8.558
Pivot Point 8.437 8.437 8.423 8.440 8.437
Support 1 (S1) 8.393 8.398 8.365 8.400 8.342
Support 2 (S2) 8.337 8.375 8.340 8.333
Support 3 (S3) 8.293 8.337 8.325
Support 4 (S4) 8.300