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 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CANL is showing a nice and steady performance.
Warning: CANL has an average volume of 614 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.
Looking at the yearly performance, CANL did better than 77% of all other stocks. We also observe that the gains produced by CANL over the past year are nicely spread over this period.
CANL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CANL is leading the market.
In the last month CANL has a been trading in the 21.60 - 27.20 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
CANL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.06. Right above this resistance zone may be a good entry point.
More info and screens
22.63
27.33
When analyzing the support we can see 5 important areas.
- A support zone ranging from 26.73 to 26.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 25.79 to 25.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.85 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.06 to 27.06. 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 | 77.02 | POSITIVE | CANL.CA has a high relative strength, it outperformed 77.02% off all stocks 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) | 59.93 | NEUTRAL | The RSI value for CANL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CANL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.43 | OVERBOUGHT | The high Stochastics value suggests CANL.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CANL.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.56 | 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)
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 |
|---|---|---|---|
| 27.07 | 26.72 | 0.35 (1.29%) | 25.00% |
| An entry @27.07. This is a Buy Stop order right above the resistance zone. | An exit @26.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.35 points, which is 1.29%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- The distance between exit and entry is rather small compared to the average daily movement of CANL. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:CANL (6/12/2025, 7:00:00 PM)
27.05
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week1.01%
2 Weeks8.2%
1 Month5.17%
3 Month7.85%
6 Month9.03%
12 Month29.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%2.21%
ATR Inc-87.18%
Range Today0
ADR(20)0.15
ADR(20)%0.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.02
Mansfield0.56
10 Day High27.2
10 Day Low25.93
20 Day High27.2
20 Day Low21.6
52 Week High27.2
52 Week Low0
CS1 End26.79
CR1 Start27.06
Volume & EV
DER(3)0%
DER(5)0%
Volume600
Volume Incr-51.29%
Vol(5)389.2
Vol(50)614.36