Royce Small Cap Trust (RVT)

We received a request to look at Royce Small Cap Trust (RVT), a closed end fund with diversified small cap exposure and an income component.

RVT is attempting a breakout from a large base that has been forming since mid-2022. A decisive move above 16.93 would confirm this bullish pattern and open upside potential toward the 2021 highs in the 19.57–20.00 area and potentially higher to the base pattern count at 22.00. Until then, holding the 16.50 to 15.85 support zone, along with the rising 13- and 26-week moving averages at 16.17-16.00, would keep the immediate pattern constructive.

Chart 1: Royce Small Cap Trust (RVT)