EVOLVE ENHANCED YLD BND FUND (BOND.CA) Stock Technical Analysis
TSX:BOND - Toronto Stock Exchange - CA30053G2062 - ETF - Currency: CAD
Taking everything into account, BOND scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BOND was also a bad performer in the overall market in the last year.
Although the technical rating is bad, BOND does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.82, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BOND in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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17.33
When analyzing the support we notice one important area.
- A support zone ranging from 17.51 to 17.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.89 to 18.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 19.15 to 19.15. 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 | DOWN | NEGATIVE | The long term trend for BOND.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOND.CA is up. |
| ChartMill Relative Strength | 16.25 | NEGATIVE | BOND.CA has a low relative strength, it was outperformed by 83.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BOND.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BOND.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BOND.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.66 | NEUTRAL | The RSI value for BOND.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BOND.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.02 | OVERBOUGHT | The high Stochastics value suggests BOND.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for BOND.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 8.69 | NEGATIVE | The low ADX value for BOND.CA suggests a weak or negative trend. |
TSX:BOND (8/7/2025, 7:00:00 PM)
17.87
0 (0%)