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RMT
ETF ticker: NYSE
AS OF
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Net Assets
462.09M

RMT Royce Micro-Cap Trust Forecast, Technical & Fundamental Analysis

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RMT with price predictions
08:00 PM EDT Sep 21, 2023

RMT's RSI Indicator is remaining in oversold zone for 1 day

It is expected that a price bounce should occur soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RMT advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .

RMT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RMT as a result. In of 68 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for RMT turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

RMT moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for RMT crossed bearishly below the 50-day moving average on August 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RMT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for RMT entered a downward trend on September 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Royce Micro-Cap Trust Inc is a diversified closed-end investment company. The company is engaged in investing in micro-cap securities. It invests in the consumer discretionary sector including auto components, automobiles, diversified consumer services, hotels, restaurants and leisure, household durables, internet and catalog retail, leisure products, media, multiline retail, textiles, apparel, and luxury goods, Consumer staples sector including beverages, food, and staples retailing, food products, and personal products, Energy sector including energy equipment and services, and oil, gas, and consumable fuels. The company also invests in other sectors including healthcare, financials, industrials, IT, telecommunications, and materials.

Volume

The average weekly volume growth across all stocks in the Royce Micro-Cap Trust ETF was -3%. For the same stocks of the ETF, the average monthly volume growth was -39% and the average quarterly volume growth was -20%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 77
P/E Growth Rating: 50
Price Growth Rating: 80
SMR Rating: 55
Profit Risk Rating: 81
Seasonality Score: -16 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Small Blend
Address
745 Fifth AvenueNew York
Phone
(212) 508-4546
Web
www.roycefunds.com
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RMT and

Correlation & Price change

A.I.dvisor indicates that over the last year, RMT has been closely correlated with VTWO. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if RMT jumps, then VTWO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RMT
1D Price
Change %
RMT100%
-0.12%
VTWO - RMT
90%
Closely correlated
-0.28%
FNDA - RMT
88%
Closely correlated
-0.23%
SCHA - RMT
87%
Closely correlated
-0.31%
IWM - RMT
87%
Closely correlated
-0.23%
VB - RMT
87%
Closely correlated
-0.25%
More