Technical Analysis for MMKT - Texas Capital Government Money Market ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 100.37 | 0.01% | 0.01 |
MMKT closed up 0.01 percent on Thursday, October 24, 2024, on 54 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | N/A | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Stochastic Sell Signal | Bearish | 0.00% | |
| New 52 Week Closing High | Bullish | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.01% | |
| Doji - Bearish? | Reversal | 0.01% | |
| Overbought Stochastic | Strength | 0.01% | |
| New 52 Week Closing High | Bullish | 0.01% |
| Alert | Time |
|---|---|
| Possible NR7 | about 4 hours ago |
| Rose Above Previous Day's High | about 10 hours ago |
| New 52 Week High | about 10 hours ago |
| New 52 Week High | 1 day ago |
| Fell Below Lower Bollinger Band | 1 day ago |
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MMKT is the first ETF to comply with Rule 2a-7 of the 1940 Act, technically qualifying as a government money market fund. The rule is designed to preserve stability and liquidity, ensuring that redemption requests can be fulfilled. However, MMKT will not maintain a stable net asset value (NAV) of $1. The fund will allocate at least 99.5% of its assets to cash, US government securities, or fully collateralized repurchase agreements. The objective is to generate competitive yields while preserving capital. Note that a significant portion of the funds assets are overnight repurchase agreements, and income from these may not be exempt from state and local taxes, which could affect the after-tax yield compared to traditional government securities.
Keywords: Repurchase Agreement Money Market Fund Money Market Us Government
Classification
Keywords: Repurchase Agreement Money Market Fund Money Market Us Government
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 100.37 |
| 52 Week Low | 100.005 |
| Average Volume | 20,615 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 0.00 |
| 20-Day Moving Average | 100.23 |
| 10-Day Moving Average | 100.31 |
| Average True Range | 0.02 |
| RSI (14) | 0.00 |
| ADX | 0.0 |
| +DI | 70.88 |
| -DI | 6.95 |
| Chandelier Exit (Long, 3 ATRs) | 100.31 |
| Chandelier Exit (Short, 3 ATRs) | 100.07 |
| Upper Bollinger Bands | 100.42 |
| Lower Bollinger Band | 100.04 |
| Percent B (%b) | 0.88 |
| BandWidth | 0.38 |
| MACD Line | 0.08 |
| MACD Signal Line | 0.06 |
| MACD Histogram | 0.0277 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 100.38 | ||||
| Resistance 3 (R3) | 100.38 | 100.37 | 100.38 | ||
| Resistance 2 (R2) | 100.37 | 100.37 | 100.37 | 100.38 | |
| Resistance 1 (R1) | 100.37 | 100.37 | 100.37 | 100.37 | 100.38 |
| Pivot Point | 100.37 | 100.37 | 100.37 | 100.37 | 100.37 |
| Support 1 (S1) | 100.37 | 100.37 | 100.37 | 100.37 | 100.36 |
| Support 2 (S2) | 100.36 | 100.37 | 100.36 | 100.36 | |
| Support 3 (S3) | 100.36 | 100.36 | 100.36 | ||
| Support 4 (S4) | 100.36 |
