PURPOSE CDN FIF ETF SHARES (BNC.CA) Stock Technical Analysis
TSX:BNC - Toronto Stock Exchange - CA74641F1062 - ETF - Currency: CAD
Overall BNC gets a technical rating of 8 out of 10. In the last year, BNC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Warning: BNC has an average volume of 604 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BNC is one of the better performing stocks in the market, outperforming 70% of all stocks.
BNC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BNC is leading the market.
In the last month BNC has a been trading in a tight range between 27.45 and 28.73.
Besides having an excellent technical rating, BNC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
24.20
29.94
We found 4 important support areas.
- Support @26.00 from a trend line in the weekly time frame.
- Support @25.54 from a horizontal line in the weekly time frame.
- A support zone ranging from 24.89 to 25.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.44 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.36 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 | 70.21 | POSITIVE | BNC.CA has a high relative strength, it outperformed 70.21% off all stocks 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) | 62.59 | NEUTRAL | The RSI value for BNC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BNC.CA has a negative trend. |
| Stochastics (14,3) | 68.65 | NEUTRAL | The Stochastics value for BNC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for BNC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.03 | POSITIVE | The high ADX value value for BNC.CA suggests a strong 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 |
|---|---|---|---|
| 28.60 | 28.46 | 0.14 (0.48%) | 25.00% |
| An entry @28.60. This is a Buy Stop order right above the 10 day moving average. | An exit @28.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.14 points, which is 0.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- The distance between exit and entry is rather small compared to the average daily movement of BNC. Please evaluate whether better entry and exit points can be found.
- 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 (6/13/2025, 7:00:00 PM)
28.51
-0.1 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.35%
1 Week-0.07%
2 Weeks0.28%
1 Month4.13%
3 Month9.32%
6 Month-3.03%
12 Month17.71%
2 Year16.99%
3 Year5.59%
5 Year68.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.45%
ATR Inc-4%
Range Today0
ADR(20)0.04
ADR(20)%0.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.21
Mansfield0
10 Day High28.73
10 Day Low28.47
20 Day High28.73
20 Day Low27.45
52 Week High29.72
52 Week Low0
CS1 End26
CR1 Start29.36
Volume & EV
DER(3)0%
DER(5)0%
Volume110
Volume Incr-0.84%
Vol(5)519.2
Vol(50)604.86