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 8 out of 10 in our technical rating. Although BANK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, BANK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.25, a Stop Loss order could be placed below this zone.
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7.00
4 important support areas can be observed.
- A support zone ranging from 7.99 to 8.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.79 from a horizontal line in the daily time frame.
- Support @7.33 from a trend line in the weekly time frame.
- A support zone ranging from 7.07 to 7.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.37 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 | 60.13 | NEUTRAL | BANK.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BANK.CA is above 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) | 67.04 | NEUTRAL | The RSI value for BANK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BANK.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.57 | OVERBOUGHT | The high Stochastics value suggests BANK.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for BANK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.57 | NEUTRAL | The ADX value for BANK.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 8.43 | 8.07 | 0.36 (4.27%) | 23.42% |
| An entry @8.43. This is a Buy Stop order right above the resistance zone. | An exit @8.07. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.36 points, which is 4.27%. | For a 1.00% total portfolio risk, you can invest 23.42% 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 (7/28/2025, 7:00:00 PM)
8.31
-0.03 (-0.36%)