Logo image of RCOM

Elkhorn Fundamental Commodity Strategy ETF (RCOM) Stock Technical Analysis

NYSEARCA:RCOM - NYSE Arca -

28.34  0 (0%)

Technical Rating and Analysis

6

Taking everything into account, RCOM scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RCOM is only an average performer.

Warning: RCOM has an average volume of 1870 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
RCOM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RCOM is lagging the market slightly.
When comparing the performance of all stocks over the past year, RCOM turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
In the last month RCOM has a been trading in a tight range between 27.90 and 28.49.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
Elkhorn Fundamental Commodity Strategy ETF / RCOM Weekly stock chart
Elkhorn Fundamental Commodity Strategy ETF / RCOM Daily stock chart
Setup Rating and Analysis

8

RCOM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 28.32, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

24.16

29.85

We found 3 important support areas.

  • A support zone ranging from 27.98 to 28.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @27.21 from a horizontal line in the daily time frame.
  • Support @24.40 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

  • Resistance @28.56 from a trend line in the daily time frame.
  • A resistance zone ranging from 29.55 to 29.55. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.55
Mansfield0.31
10 Day High28.49
10 Day Low28.11
20 Day High28.49
20 Day Low27.9
52 Week High30.34
52 Week Low22.87
Performance
1 Week-0.07%
2 Weeks0.14%
1 Month1.47%
3 Month-1.67%
6 Month6.88%
12 Month11.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)52.19
LBB28.14
UBB28.48

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
28.5028.100.40 (1.40%)25.00%
An entry @28.50. This is a Buy Stop order right above the 10 day high.An exit @28.10. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.40 points, which is 1.40%.For a 0.35% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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Elkhorn Fundamental Commodity Strategy ETF / RCOM Daily stock chart

Elkhorn Fundamental Commodity Strategy ETF

NYSEARCA:RCOM (4/13/2018, 8:04:05 PM)

28.34

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.07%
2 Weeks0.14%
1 Month1.47%
3 Month-1.67%
6 Month6.88%
12 Month11.09%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.49%
ATR Inc-91.24%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.55
Mansfield0.31
10 Day High28.49
10 Day Low28.11
20 Day High28.49
20 Day Low27.9
52 Week High30.34
52 Week Low22.87
CS1 End28.32
CR1 Start28.56
Volume & EV
DER(3)0%
DER(5)0%
Volume300
Volume Incr795.24%
Vol(5)6.58K
Vol(50)1.87K