MANULIFE SMART CORE BOND ETF (BSKT.CA) Stock Technical Analysis
TSX:BSKT - Toronto Stock Exchange - CA56502V1067 - ETF - Currency: CAD
Taking everything into account, BSKT scores 0 out of 10 in our technical rating. BSKT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BSKT is a bad performer in the overall market: 77% of all stocks are doing better.
BSKT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: BSKT has an average volume of 25617 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BSKT has a been trading in a tight range between 8.56 and 8.76.
BSKT has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.30
9.05
2 important support areas can be observed.
- A support zone ranging from 8.58 to 8.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.63 to 8.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 BSKT.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSKT.CA is down. |
| ChartMill Relative Strength | 23.26 | NEGATIVE | BSKT.CA has a low relative strength, it was outperformed by 76.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSKT.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BSKT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BSKT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.43 | NEUTRAL | The RSI value for BSKT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BSKT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.38 | OVERSOLD | The low Stochastics value suggests BSKT.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.41 | LOW VOLATILITY | The low ATR as a percentage value for BSKT.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.17 | NEGATIVE | The low ADX value for BSKT.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)
TSX:BSKT (7/17/2025, 7:00:00 PM)
8.59
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-1.04%
2 Weeks-1.15%
1 Month-1.21%
3 Month-1.94%
6 Month-1.6%
12 Month0.35%
2 Year4%
3 Year2.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.41%
ATR Inc-61.82%
Range Today0.01
ADR(20)0.03
ADR(20)%0.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.26
Mansfield-0.96
10 Day High8.72
10 Day Low8.56
20 Day High8.76
20 Day Low8.56
52 Week High8.98
52 Week Low8.54
CS1 End8.58
CR1 Start8.63
Volume & EV
DER(3)-2.62%
DER(5)-1.17%
Volume24.10K
Volume Incr-20.28%
Vol(5)16.72K
Vol(50)25.62K