Technical Analysis for IPO - Renaissance IPO ETF

Grade Last Price % Change Price Change
grade A 32.57 -0.09% -0.03
IPO closed down 0.09 percent on Thursday, July 18, 2019, on 56 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Flat
See historical IPO trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Doji - Bullish? Reversal 0.00%
Overbought Stochastic Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Stochastic Sell Signal Bearish -0.09%
Slingshot Bullish Bullish Swing Setup -0.09%
NR7 Range Contraction -0.09%
NR7-2 Range Contraction -0.09%
Overbought Stochastic Strength -0.09%

Older signals for IPO ...

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Profile
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.
Exchange Traded Fund Real Estate Investment Trust Corporate Finance American Depositary Receipt Investment Fund Real Estate Investment Trusts Legal Entities Master Limited Partnership Reckitt Benckiser Group Index Constituent
Is IPO a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 33.02
52 Week Low 21.63
Average Volume 55,927
200-Day Moving Average 28.6406
50-Day Moving Average 31.2732
20-Day Moving Average 32.0853
10-Day Moving Average 32.511
Average True Range 0.4167
ADX 19.52
+DI 30.5174
-DI 22.5015
Chandelier Exit (Long, 3 ATRs ) 31.7699
Chandelier Exit (Short, 3 ATRs ) 32.0701
Upper Bollinger Band 33.2372
Lower Bollinger Band 30.9334
Percent B (%b) 0.71
BandWidth 7.180235
MACD Line 0.4138
MACD Signal Line 0.3846
MACD Histogram 0.0292
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.02
Resistance 3 (R3) 32.98 32.79 32.95
Resistance 2 (R2) 32.79 32.68 32.81 32.92
Resistance 1 (R1) 32.68 32.60 32.59 32.72 32.89
Pivot Point 32.49 32.49 32.44 32.51 32.49
Support 1 (S1) 32.38 32.38 32.29 32.42 32.25
Support 2 (S2) 32.19 32.30 32.21 32.22
Support 3 (S3) 32.08 32.19 32.20
Support 4 (S4) 32.12