Technical Analysis for SRV.UN - SIR Royalty Income Fund

Grade Last Price % Change Price Change
D 14.550 2.90% 0.410
SRV.UN closed up 2.9 percent on Thursday, March 28, 2024, on 1.34 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Crossed Above 20 DMA Bullish 0.00%
New Uptrend Bullish 0.00%
Cup with Handle Other 0.00%
Wide Range Bar Range Expansion 0.00%
Gapped Up Strength 0.00%
Cup with Handle Other 2.90%
Gapped Down Weakness 2.90%
1,2,3 Retracement Bearish Bearish Swing Setup 1.75%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 17 hours ago
Rose Above 20 DMA about 17 hours ago
Up 2 ATRs about 17 hours ago
Up 1 ATR about 17 hours ago
2x Volume Pace about 17 hours ago

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Profile

SIR Royalty Income Fund Description

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor's Bar and Grill and Canyon Creek Chop House, and signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Far Niente/FOUR/Petit Four and the Loose Moose Tap & Grill, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership). The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership. SIR also owns and operates a Duke's Refresher & Bar located in downtown Toronto and one seasonal restaurant, Abbey's Bakehouse.


Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Dow Partnership Nature Limited Partnership Restaurants Wine

Is SRV.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 17.5
52 Week Low 13.33
Average Volume 4,480
200-Day Moving Average 16.101
50-Day Moving Average 15.293
20-Day Moving Average 14.367
10-Day Moving Average 13.941
Average True Range 0.378
RSI (14) 49.24
ADX 48.43
+DI 34.325
-DI 22.092
Chandelier Exit (Long, 3 ATRs) 14.406
Chandelier Exit (Short, 3 ATRs) 14.464
Upper Bollinger Bands 15.694
Lower Bollinger Band 13.039
Percent B (%b) 0.57
BandWidth 18.480
MACD Line -0.359
MACD Signal Line -0.459
MACD Histogram 0.0999
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.690
Resistance 3 (R3) 15.740 15.410 15.500
Resistance 2 (R2) 15.410 15.120 15.385 15.437
Resistance 1 (R1) 14.980 14.940 15.195 14.930 15.373
Pivot Point 14.650 14.650 14.758 14.625 14.650
Support 1 (S1) 14.220 14.360 14.435 14.170 13.727
Support 2 (S2) 13.890 14.180 13.865 13.663
Support 3 (S3) 13.460 13.890 13.600
Support 4 (S4) 13.410