Technical Analysis for RIT - First Asset Canadian REIT ETF

Grade Last Price % Change Price Change
D 15.200 0.73% 0.110
RIT closed up 0.07 percent on Thursday, April 18, 2024, on 33 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
1 Watcher
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New Downtrend Bearish 0.73%
Cup with Handle Other 0.73%
NR7 Range Contraction 0.73%
Lower Bollinger Band Walk Weakness 0.73%
Lower Bollinger Band Touch Weakness 0.73%
Oversold Stochastic Weakness 0.73%
Lower Bollinger Band Walk Weakness 0.80%
Below Lower BB Weakness 0.80%
Down 3 Days in a Row Weakness 0.80%
Down 4 Days in a Row Weakness 0.80%

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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 Diversification Real Estate Investment Trusts Active Management Investment Advisor Real Estate Holdings

Top 10 Components

Symbol Grade Price % Change Allocation
KMP.UN D 0.89 5.45
REI.UN D -0.34 5.40
CSH.UN A -1.32 5.37
BEI.UN D 1.44 5.32
IIP.UN F 1.86 5.22
DIR.UN D -0.24 5.15
CAR.UN F 0.80 4.99
GRT.UN F 0.52 4.93

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 16.3868
52 Week Low 13.5414
Average Volume 12,817
200-Day Moving Average 15.473
50-Day Moving Average 15.956
20-Day Moving Average 15.714
10-Day Moving Average 15.524
Average True Range 0.179
RSI (14) 30.07
ADX 25.48
+DI 14.418
-DI 40.273
Chandelier Exit (Long, 3 ATRs) 15.683
Chandelier Exit (Short, 3 ATRs) 15.587
Upper Bollinger Bands 16.360
Lower Bollinger Band 15.069
Percent B (%b) 0.02
BandWidth 8.216
MACD Line -0.219
MACD Signal Line -0.141
MACD Histogram -0.0779
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.240
Resistance 3 (R3) 15.243 15.197 15.215
Resistance 2 (R2) 15.197 15.158 15.195 15.207
Resistance 1 (R1) 15.143 15.135 15.170 15.140 15.198
Pivot Point 15.097 15.097 15.110 15.095 15.097
Support 1 (S1) 15.043 15.058 15.070 15.040 14.982
Support 2 (S2) 14.997 15.035 14.995 14.973
Support 3 (S3) 14.943 14.997 14.965
Support 4 (S4) 14.940