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.
Although the technical rating is bad, BSKT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.65, a Stop Loss order could be placed below this zone.
7.85
3 important support areas can be observed.
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 | NEUTRAL | NEUTRAL | The long term trend for BSKT.CA is neutral. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSKT.CA is down. |
ChartMill Relative Strength | 30.53 | NEUTRAL | BSKT.CA is not amongst the best or worst performers 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) | 45.76 | NEUTRAL | The RSI value for BSKT.CA is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BSKT.CA has a negative trend. |
Stochastics (14,3) | 40.08 | NEUTRAL | The Stochastics value for BSKT.CA is a neutral value. |
Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for BSKT.CA suggests low volalility. |
Average Directional Index/ADX (14) | 11.66 | NEGATIVE | The low ADX value for BSKT.CA suggests a weak or negative trend. |
TSX:BSKT (6/11/2025, 7:00:00 PM)
8.7
0 (0%)