Technical Analysis for SECT - Main Sector Rotation ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 49.76 | 1.24% | 0.61 |
SECT closed up 1.24 percent on Monday, May 6, 2024, on 89 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. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| 50 DMA Resistance | Bearish | 1.24% | |
| Crossed Above 20 DMA | Bullish | 1.24% |
| Alert | Time |
|---|---|
| Up 1% | about 4 hours ago |
| Possible NR7 | about 4 hours ago |
| 60 Minute Opening Range Breakout | about 8 hours ago |
| Rose Above Previous Day's High | about 9 hours ago |
| Rose Above 50 DMA | about 9 hours ago |
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Basic chart:
The investment seeks to outperform the S&P 500 in rising markets while limiting losses during periods of decline. The fund utilizes a fund of funds structure to invest in sector based equity ETFs. It seeks to achieve its objective through dynamic sector rotation. The Adviser focuses its research primarily on sector selection by carefully reviewing the sector, industry, and sub-industries in the fund's portfolio. The Adviser chooses sectors it believes are undervalued and poised to respond favorably to financial market catalysts. The fund sell a security when it achieves its target price and is, in the opinion of the Adviser, no longer undervalued.
Keywords: Exchange Traded Fund Investment Management Fund Of Funds
Classification
Keywords: Exchange Traded Fund Investment Management Fund Of Funds
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 51.07 |
| 52 Week Low | 39.4886 |
| Average Volume | 83,739 |
| 200-Day Moving Average | 45.55 |
| 50-Day Moving Average | 49.22 |
| 20-Day Moving Average | 48.60 |
| 10-Day Moving Average | 48.61 |
| Average True Range | 0.69 |
| RSI (14) | 59.02 |
| ADX | 16.27 |
| +DI | 26.03 |
| -DI | 22.12 |
| Chandelier Exit (Long, 3 ATRs) | 48.08 |
| Chandelier Exit (Short, 3 ATRs) | 49.29 |
| Upper Bollinger Bands | 50.06 |
| Lower Bollinger Band | 47.15 |
| Percent B (%b) | 0.9 |
| BandWidth | 5.99 |
| MACD Line | -0.09 |
| MACD Signal Line | -0.24 |
| MACD Histogram | 0.1448 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 50.11 | ||||
| Resistance 3 (R3) | 50.04 | 49.86 | 50.05 | ||
| Resistance 2 (R2) | 49.86 | 49.77 | 49.89 | 50.03 | |
| Resistance 1 (R1) | 49.81 | 49.72 | 49.84 | 49.88 | 50.01 |
| Pivot Point | 49.63 | 49.63 | 49.64 | 49.66 | 49.63 |
| Support 1 (S1) | 49.58 | 49.54 | 49.61 | 49.65 | 49.51 |
| Support 2 (S2) | 49.40 | 49.49 | 49.43 | 49.49 | |
| Support 3 (S3) | 49.35 | 49.40 | 49.47 | ||
| Support 4 (S4) | 49.42 |
