EVOL C BKN LC EN YLD IDX FD (BANK.CA) Stock Technical Analysis
TSX:BANK - Toronto Stock Exchange - CA30053T1093 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to BANK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BANK is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
BANK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BANK is lagging the market slightly.
When comparing the performance of all stocks over the past year, BANK turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
In the last month BANK has a been trading in a tight range between 7.95 and 8.27.
Volume is considerably higher in the last couple of days.
BANK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 8.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.00
8.50
We found 4 important support areas.
- A support zone ranging from 7.99 to 8.18. 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 @7.31 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 | 57.71 | 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) | 64.27 | NEUTRAL | The RSI value for BANK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BANK.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.17 | NEUTRAL | The Stochastics value for BANK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for BANK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.22 | NEGATIVE | The low ADX value for BANK.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 8.25 | 8.06 | 0.19 (2.30%) | 25.00% |
| An entry @8.25. This is a Buy Stop order right above the 10 day high. | An exit @8.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 2.30%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- 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 (7/17/2025, 7:00:00 PM)
8.23
+0.05 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.61%
1 Week0.73%
2 Weeks1.23%
1 Month3%
3 Month10.92%
6 Month2.49%
12 Month14.62%
2 Year7.02%
3 Year6.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.89%
ATR Inc43.59%
Range Today0.1
ADR(20)0.07
ADR(20)%0.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.71
Mansfield-0.33
10 Day High8.24
10 Day Low8.07
20 Day High8.27
20 Day Low7.95
52 Week High8.44
52 Week Low6.71
CS1 End8.18
CR1 Start8.37
Volume & EV
DER(3)-3.45%
DER(5)-1.16%
Volume371.98K
Volume Incr43.97%
Vol(5)424.65K
Vol(50)289.57K