Technical Analysis for SCAP - AdvisorShares Cornerstone Small Cap ETF

Grade Last Price % Change Price Change
grade C 24.49 -5.87% -1.53
SCAP closed down 5.87 percent on Wednesday, April 1, 2020, on 5.3 times 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.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down
Historical SCAP trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Volume Surge Other 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Down Weakness 0.00%
Narrow Range Bar Range Contraction -5.87%
Wide Bands Range Expansion -5.87%
Narrow Range Bar Range Contraction -6.41%
Outside Day Range Expansion -6.41%
Wide Bands Range Expansion -6.41%

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Profile

The AdvisorShares Cornerstone Small Cap ETF seeks to provide total return through long-term capital appreciation and current income. SCAP is managed by Cornerstone Investment Partners, LLC. The Portfolio Manager seeks to achieve SCAP%u2019s investment objective by investing in a diversified group of U.S.-traded equity securities, including common and preferred stock, ADRs, and publicly-traded REITs. Under normal circumstances, SCAP invests at least 80% of its net assets (plus any borrowings for investment purposes) in small cap securities. The Portfolio Manager defines a small cap company as one having a market capitalization less than the market cap of the largest company in the Russell 2000 Index at the time of acquisition. The Portfolio Manager seeks to benefit from the volatility of small cap stocks by participating in upside volatility while reducing exposure to downside volatility.
Exchange Traded Fund ETF Exchange Traded Funds Real Estate Investment Trust Inverse Exchange Traded Fund Russell 2000 Price Return Usd Advisorshares

Is SCAP 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 38.65
52 Week Low 21.7917
Average Volume 641
200-Day Moving Average 35.01
50-Day Moving Average 32.35
20-Day Moving Average 26.12
10-Day Moving Average 24.84
Average True Range 1.22
ADX 38.97
+DI 28.37
-DI 52.35
Chandelier Exit (Long, 3 ATRs ) 29.52
Chandelier Exit (Short, 3 ATRs ) 25.45
Upper Bollinger Band 32.04
Lower Bollinger Band 20.20
Percent B (%b) 0.36
BandWidth 45.34
MACD Line -2.08
MACD Signal Line -2.53
MACD Histogram 0.4444
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.12
Resistance 3 (R3) 25.07 24.80 25.02
Resistance 2 (R2) 24.80 24.64 24.83 24.98
Resistance 1 (R1) 24.65 24.54 24.52 24.70 24.95
Pivot Point 24.38 24.38 24.32 24.41 24.38
Support 1 (S1) 24.23 24.22 24.09 24.28 24.03
Support 2 (S2) 23.96 24.12 23.99 24.00
Support 3 (S3) 23.81 23.96 23.96
Support 4 (S4) 23.86