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.
70% of all other stocks performed better in the past year than BSKT.
Warning: BSKT has an average volume of 28341 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BSKT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSKT is lagging the market.
In the last month BSKT has a been trading in a tight range between 8.63 and 8.82.
Volume is considerably higher in the last couple of days.
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.
More info and screens
7.85
9.05
3 important support areas can be observed.
- A support zone ranging from 8.56 to 8.65. 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.
- Support @7.93 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.72 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 | 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. |
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 (6/11/2025, 7:00:00 PM)
8.7
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.57%
2 Weeks-0.51%
1 Month-0.46%
3 Month-1.3%
6 Month-1.25%
12 Month1.05%
2 Year4.07%
3 Year5.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.47%
ATR Inc-22.94%
Range Today0.03
ADR(20)0.03
ADR(20)%0.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.53
Mansfield-0.5
10 Day High8.77
10 Day Low8.65
20 Day High8.82
20 Day Low8.63
52 Week High8.98
52 Week Low8.43
CS1 End8.65
CR1 Start8.72
Volume & EV
DER(3)2.33%
DER(5)1.6%
Volume66.98K
Volume Incr120.04%
Vol(5)55.20K
Vol(50)28.34K