EVOL C BKN LC EN YLD IDX FD (BANK.CA) Stock Technical Analysis
TSX:BANK - Toronto Stock Exchange - CA30053T1093 - ETF - Currency: CAD
Taking everything into account, BANK scores 7 out of 10 in our technical rating. BANK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Besides having an excellent technical rating, BANK also presents 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 a support zone below the current price at 7.84, a Stop Loss order could be placed below this zone.
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7.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 7.73 to 7.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.07 to 7.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.00 to 8.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.18 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.35 to 8.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BANK.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BANK.CA is up. |
| ChartMill Relative Strength | 64.25 | NEUTRAL | BANK.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BANK.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BANK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BANK.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.83 | NEUTRAL | The RSI value for BANK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BANK.CA has a negative trend. |
| Stochastics (14,3) | 26.91 | NEUTRAL | The Stochastics value for BANK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for BANK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.91 | NEGATIVE | The low ADX value for BANK.CA suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.04 | 7.94 | 0.10 (1.24%) | 25.00% |
| An entry @8.04. This is a Buy Stop order right above the resistance zone. | An exit @7.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 1.24%. | For a 0.31% 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.
TSX:BANK (6/13/2025, 7:00:00 PM)
7.97
-0.04 (-0.5%)