Resource Capital Corp Fund Forecast

Resource Capital Corp fund downgraded to Hold/Accumulate
(Updated on Jun 06, 2018)

RSO Signals & Forecast

The Resource Capital Corp fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.98 and $9.83. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 05, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Resource Capital Corp fund

Resource Capital Corp finds support from accumulated volume at $9.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

The Resource Capital Corp fund is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: $9.65 (-3.30%) (This fund has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (RSO) For The Upcoming Trading Day Of Thursday 7th

For the upcoming trading day on Thursday, 7th we expect Resource Capital Corp to open at $9.98, and during the day (based on 14 day Average True Range), to move between $9.89 and $10.07, which gives a possible trading interval of +/-$0.0852 (+/-0.85%) up or down from last closing price. If Resource Capital Corp takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.01 (0.30%) than the support at $9.67 (3.11%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Resource Capital Corp fund A Buy?

Resource Capital Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.390 Hold/Accumulate Downgraded

Predicted Opening Price for Resource Capital Corp of Thursday, June 7, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.