Stock Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
First Asset Canadian REIT ETF (TSE:RIT)
Countertrend Up (+85) - RIT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid RIT?
MarketClub looks at technical strength and momentum to determine if the timing is right for RIT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RIT
The long-term trend has been UP since Nov 9th, 2020 at 15.95
The intermediate-term trend has been UP since Dec 22nd, 2021 at 20.65
The short-term trend has been DOWN since Jan 14th, 2022 at 20.52
Smart Scan Analysis for RIT
Based on our trend formula, RIT is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||17.16||Year High Date||2018-08-20|
|Year Low||15.26||Year Low Date||2018-02-09|
|52wk High||17.16||52wk High Date||2018-08-20|
|52wk Low||15.26||52wk Low Date||2018-02-09|