Technical Analysis for RIT - First Asset Canadian REIT ETF

Grade Last Price % Change Price Change
D 15.170 0.53% 0.080
RIT closed up 0.53 percent on Friday, April 19, 2024, on 41 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.
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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
Cup with Handle Other 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish 0.53%
Cup with Handle Other 0.53%
NR7 Range Contraction 0.53%

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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 0.65 5.45
REI.UN D -0.34 5.40
CSH.UN A -1.63 5.37
BEI.UN D 1.63 5.32
IIP.UN D 1.69 5.22
DIR.UN D -0.16 5.15
CAR.UN F 0.83 4.99
GRT.UN F -0.35 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 16.3768
52 Week Low 13.5414
Average Volume 12,574
200-Day Moving Average 15.469
50-Day Moving Average 15.938
20-Day Moving Average 15.664
10-Day Moving Average 15.465
Average True Range 0.174
RSI (14) 33.77
ADX 26.64
+DI 15.819
-DI 38.455
Chandelier Exit (Long, 3 ATRs) 15.698
Chandelier Exit (Short, 3 ATRs) 15.572
Upper Bollinger Bands 16.315
Lower Bollinger Band 15.013
Percent B (%b) 0.12
BandWidth 8.317
MACD Line -0.227
MACD Signal Line -0.158
MACD Histogram -0.069
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.260
Resistance 3 (R3) 15.260 15.230 15.245
Resistance 2 (R2) 15.230 15.207 15.230 15.240
Resistance 1 (R1) 15.200 15.193 15.215 15.200 15.235
Pivot Point 15.170 15.170 15.178 15.170 15.170
Support 1 (S1) 15.140 15.147 15.155 15.140 15.105
Support 2 (S2) 15.110 15.133 15.110 15.100
Support 3 (S3) 15.080 15.110 15.095
Support 4 (S4) 15.080