Technical Analysis for TCT.UN - Top 10 Canadian Financial Trust

Grade Last Price % Change Price Change
grade D 6.47 -4.15% -0.280
TCT.UN closed down 4.15 percent on Friday, July 3, 2020, on 82 percent of normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Down
Historical TCT.UN trend table...

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Narrow Range Bar Range Contraction -4.15%
Gapped Down Weakness -4.15%
Wide Range Bar Range Expansion -4.29%
Outside Day Range Expansion -4.29%
Upper Bollinger Band Touch Strength -4.29%

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Profile

Top 10 Canadian Financial Trust (the Fund) is a closed-end investment trust. The Fund's investment objectives are to provide unitholders with a stable stream of quarterly cash distributions in an amount targeted to be approximately 7.5% of the net asset value per unit and to return over $15.60 per unit to unitholders upon termination of the Fund. The Fund invests in a portfolio of securities consisting of common equity securities of the Canadian banks and the Canadian life insurance companies. The Fund may also invest in public investment funds, including exchange-traded funds and other Strathbridge Funds (provided that approximately 15% of the net asset value of the Fund may be invested in securities of other Strathbridge Funds) that provide exposure to such securities. It employs an investment strategy, Strathbridge Selective Overwriting (SSO). It invests in financials, cash and other assets. Strathbridge Asset Management Inc. (Strathbridge) is the investment manager of the Fund.
Finance Economy Money Investment Funds Investment Fund Mutual Fund Exchange Traded Fund Rate Of Return Life Insurance Net Asset Value Unit Investment Trust

Is TCT.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 9.37
52 Week Low 4.51
Average Volume 1,538
200-Day Moving Average 8.077
50-Day Moving Average 6.284
20-Day Moving Average 6.635
10-Day Moving Average 6.865
Average True Range 0.251
ADX 20.82
+DI 43.508
-DI 28.235
Chandelier Exit (Long, 3 ATRs ) 6.749
Chandelier Exit (Short, 3 ATRs ) 6.462
Upper Bollinger Band 7.497
Lower Bollinger Band 5.772
Percent B (%b) 0.4
BandWidth 25.994
MACD Line 0.106
MACD Signal Line 0.134
MACD Histogram -0.0285
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.740
Resistance 3 (R3) 6.770 6.710 6.695
Resistance 2 (R2) 6.710 6.641 6.695 6.680
Resistance 1 (R1) 6.590 6.599 6.560 6.560 6.665
Pivot Point 6.530 6.530 6.515 6.515 6.530
Support 1 (S1) 6.410 6.461 6.380 6.380 6.275
Support 2 (S2) 6.350 6.419 6.335 6.260
Support 3 (S3) 6.230 6.350 6.245
Support 4 (S4) 6.200