Technical Analysis for ROMO - Strategy Shares Newfound/ReSolve Robust Momentum ETF

Grade Last Price % Change Price Change
B 28.48 0.72% 0.20
ROMO closed up 1.29 percent on Friday, May 3, 2024, on 46 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.72%
Crossed Above 50 DMA Bullish 0.72%
MACD Bullish Signal Line Cross Bullish 0.72%
Narrow Range Bar Range Contraction 0.72%
Gapped Up Strength 0.72%
Pocket Pivot Bullish Swing Setup 2.02%
NR7 Range Contraction 2.78%
Narrow Range Bar Range Contraction 2.78%
Gapped Down Weakness 2.78%
Fell Below 20 DMA Bearish 2.41%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 5 hours ago
1.5x Volume Pace about 5 hours ago
3x Volume Pace about 5 hours ago
5x Volume Pace about 5 hours ago
Possible Pocket Pivot about 5 hours ago

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Profile

The investment seeks to provide investment returns that correspond, before fees and expenses, to the performance of the Newfound/ReSolve Robust Equity Momentum Index. The fund employs a passive management investment approach designed to track the total return performance, before fees and expenses, of the Newfound/ReSolve Robust Equity Momentum Index. The index uses a quantitative, rules-based methodology to provide exposure to broad U.S. equity, international equity, and emerging market equity indices, to the extent that such equity indices are exhibiting positive momentum relative to U.S. Treasury market indices.
Classification

Keywords: Investment Management Stock Market Index U.S. Treasury Passive Management Fundamentally Based Indexes

Top 10 Components

Symbol Grade Price % Change Allocation
SHY B -0.02 2.14

Is ROMO 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 28.9978
52 Week Low 23.85
Average Volume 3,942
200-Day Moving Average 26.21
50-Day Moving Average 28.07
20-Day Moving Average 28.02
10-Day Moving Average 27.93
Average True Range 0.26
RSI (14) 54.95
ADX 16.67
+DI 40.64
-DI 32.83
Chandelier Exit (Long, 3 ATRs) 27.97
Chandelier Exit (Short, 3 ATRs) 28.09
Upper Bollinger Bands 28.76
Lower Bollinger Band 27.29
Percent B (%b) 0.67
BandWidth 5.24
MACD Line -0.05
MACD Signal Line -0.05
MACD Histogram 0.0068
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 28.47
Resistance 3 (R3) 28.45 28.36 28.43
Resistance 2 (R2) 28.36 28.31 28.37 28.42
Resistance 1 (R1) 28.32 28.28 28.34 28.34 28.41
Pivot Point 28.23 28.23 28.24 28.24 28.23
Support 1 (S1) 28.19 28.19 28.21 28.21 28.14
Support 2 (S2) 28.11 28.16 28.12 28.13
Support 3 (S3) 28.07 28.11 28.12
Support 4 (S4) 28.09