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.
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.
7.00
We found 4 important support areas.
When analyzing the resistance we notice one important area.
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. |
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%. |
TSX:BANK (7/17/2025, 7:00:00 PM)
8.23
+0.05 (+0.61%)