PURPOSE CDN FIF ETF SHARES (BNC.CA) Stock Technical Analysis
TSX:BNC - Toronto Stock Exchange - CA74641F1062 - ETF - Currency: CAD
Taking everything into account, BNC scores 7 out of 10 in our technical rating. In the last year, BNC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, BNC 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 29.12, a Stop Loss order could be placed below this zone.
More info and screens
24.85
4 important support areas can be observed.
- A support zone ranging from 28.18 to 29.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.26 from a trend line in the weekly time frame.
- Support @25.54 from a horizontal line in the weekly time frame.
- Support @25.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.64 to 29.64. 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 BNC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNC.CA is up. |
| ChartMill Relative Strength | 59.84 | NEUTRAL | BNC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.11 | NEUTRAL | The RSI value for BNC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests BNC.CA has a negative trend. |
| Stochastics (14,3) | 79.86 | NEUTRAL | The Stochastics value for BNC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for BNC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 33 | POSITIVE | The high ADX value value for BNC.CA suggests a strong 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 |
|---|---|---|---|
| 29.36 | 28.80 | 0.56 (1.91%) | 25.00% |
| An entry @29.36. This is a Buy Stop order right above the 10 day high. | An exit @28.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.56 points, which is 1.91%. | For a 0.48% 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:BNC (7/14/2025, 7:00:00 PM)
29.16
-0.01 (-0.03%)