GLOB X ENH S&P/TSX 60 IN ETF (CANL.CA) Stock Technical Analysis
TSX:CANL - Toronto Stock Exchange - CA37962U1012 - ETF - Currency: CAD
Taking everything into account, CANL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CANL is only an average performer.
Warning: CANL has an average volume of 719 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CANL 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 CANL has a been trading in the 25.93 - 27.80 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, CANL turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
CANL has an excellent technical rating, but the quality of the setup is 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
22.63
27.96
We found 4 important support areas.
- A support zone ranging from 27.05 to 27.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @25.30 from a trend line in the weekly time frame.
- Support @24.40 from a horizontal line in the weekly time frame.
- Support @22.86 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.55 to 27.68. 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 CANL.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CANL.CA is up. |
| ChartMill Relative Strength | 65.27 | NEUTRAL | CANL.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CANL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CANL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CANL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.17 | NEUTRAL | The RSI value for CANL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CANL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.11 | OVERBOUGHT | The high Stochastics value suggests CANL.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for CANL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.43 | NEGATIVE | The low ADX value for CANL.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:CANL (7/16/2025, 7:00:00 PM)
27.54
-0.14 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.51%
1 Week1.85%
2 Weeks1.81%
1 Month10.16%
3 Month5.56%
6 Month9.9%
12 Month27.56%
2 Year35.8%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.14%
ATR Inc-14.49%
Range Today0.03
ADR(20)0.12
ADR(20)%0.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.27
Mansfield0.28
10 Day High27.8
10 Day Low26.3
20 Day High27.8
20 Day Low25.93
52 Week High27.8
52 Week Low0
CS1 End27.42
CR1 Start27.55
Volume & EV
DER(3)0%
DER(5)0%
Volume374
Volume Incr-76.41%
Vol(5)272.6
Vol(50)719.54