UBSETF MSCI CANADA CAD A-ACC (CANA.MI) Stock Technical Analysis
BIT:CANA - Euronext Milan - LU0950672807 - ETF - Currency: EUR
Overall CANA gets a technical rating of 8 out of 10. Both in the recent history as in the last year, CANA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CANA did better than 78% of all other stocks. On top of that, CANA also shows a nice and consistent pattern of rising prices.
CANA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CANA is performing more or less in line with the market.
In the last month CANA has a been trading in the 16.72 - 20.23 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CANA has an excellent technical rating, the quality of the presented setup is not ideal 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
16.58
20.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.37 to 19.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.30 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.
We found 1 important resistance area.
- A resistance zone ranging from 20.03 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 | 78.86 | POSITIVE | CANA.MI has a high relative strength, it outperformed 78.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CANA.MI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CANA.MI is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.45 | NEUTRAL | The RSI value for CANA.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests CANA.MI has a positive trend. |
| Stochastics (14,3) | 94.12 | OVERBOUGHT | The high Stochastics value suggests CANA.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for CANA.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.7 | 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 |
|---|---|---|---|
| 20.31 | 16.71 | 3.60 (17.74%) | 5.64% |
| An entry @20.31. This is a Buy Stop order right above the resistance zone. | An exit @16.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.60 points, which is 17.74%. | For a 1.00% total portfolio risk, you can invest 5.64% 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 (6/2/2025, 7:00:00 PM)
19.648
-0.11 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.58%
1 Week6.97%
2 Weeks4.28%
1 Month-2.13%
3 Month0.06%
6 Month13.86%
12 Month31.35%
2 Year31.57%
3 Year22.6%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%2.67%
ATR Inc-62.43%
Range Today0.14
ADR(20)0.22
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.86
Mansfield0.06
10 Day High19.79
10 Day Low16.72
20 Day High20.24
20 Day Low16.72
52 Week High20.32
52 Week Low14.23
CS1 End19.43
CR1 Start20.03
Volume & EV
DER(3)0%
DER(5)0%
Volume4.23K
Volume Incr-70.11%
Vol(5)16.54K
Vol(50)42.48K