UBSETF MSCI CANADA CAD A-ACC (CANA.MI) Stock Technical Analysis
BIT:CANA - Euronext Milan - LU0950672807 - ETF - Currency: EUR
We assign a technical rating of 7 out of 10 to CANA. Although CANA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
CANA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CANA has a been trading in the 16.72 - 19.97 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CANA turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CANA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.11. Right above this resistance zone may be a good entry point.
More info and screens
16.58
20.50
5 important support areas can be observed.
- A support zone ranging from 19.28 to 19.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.87 from a trend line in the weekly time frame.
- Support @18.37 from a horizontal line in the weekly time frame.
- Support @17.35 from a trend line in the daily time frame.
- A support zone ranging from 16.75 to 16.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.11 to 20.30. 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 CANA.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CANA.MI is up. |
| ChartMill Relative Strength | 65.46 | NEUTRAL | CANA.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CANA.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CANA.MI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CANA.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.67 | NEUTRAL | The RSI value for CANA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CANA.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.66 | OVERBOUGHT | The high Stochastics value suggests CANA.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for CANA.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.32 | NEGATIVE | The low ADX value for CANA.MI 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)
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 |
|---|---|---|---|
| 19.98 | 19.48 | 0.50 (2.49%) | 25.00% |
| An entry @19.98. This is a Buy Stop order right above the 10 day high. | An exit @19.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.50 points, which is 2.49%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
BIT:CANA (7/16/2025, 7:00:00 PM)
19.746
-0.13 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week0.49%
2 Weeks0.5%
1 Month4.8%
3 Month-1.76%
6 Month10.23%
12 Month29.24%
2 Year27.89%
3 Year26.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%2.02%
ATR Inc-43.89%
Range Today0.22
ADR(20)0.16
ADR(20)%0.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.46
Mansfield-0.4
10 Day High19.97
10 Day Low19.49
20 Day High19.97
20 Day Low16.72
52 Week High20.32
52 Week Low14.23
CS1 End19.47
CR1 Start20.11
Volume & EV
DER(3)0%
DER(5)0%
Volume6.77K
Volume Incr-86.24%
Vol(5)4.38K
Vol(50)40.49K