Ishares Balanced Income (CBD.CA) Stock Technical Analysis
TSX:CBD - Toronto Stock Exchange -
Overall CBD gets a technical rating of 2 out of 10. Although CBD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
CBD is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
Warning: CBD has an average volume of 2360 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, CBD did better than 70% of all other stocks.
In the last month CBD has a been trading in a tight range between 20.92 and 21.63.
Volume is considerably higher in the last couple of days.
The technical rating of CBD is bad and it also does not present a quality setup 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
20.70
22.61
When analyzing the support we notice one important area.
- A support zone ranging from 20.91 to 20.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.12 to 22.39. 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 | DOWN | NEGATIVE | The long term trend for CBD.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CBD.CA is down. |
| ChartMill Relative Strength | 70.17 | POSITIVE | CBD.CA has a high relative strength, it outperformed 70.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CBD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CBD.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CBD.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.08 | NEUTRAL | The RSI value for CBD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CBD.CA has a negative trend. |
| Stochastics (14,3) | 3.17 | OVERSOLD | The low Stochastics value suggests CBD.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.54 | LOW VOLATILITY | The low ATR as a percentage value for CBD.CA suggests low volalility. |
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:CBD (12/19/2018, 3:59:29 PM)
20.92
-0.14 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week-2.2%
2 Weeks-2.24%
1 Month-2.7%
3 Month-5.51%
6 Month-5.25%
12 Month-6.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%0.54%
ATR Inc19.51%
Range Today0.22
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.17
Mansfield0.49
10 Day High21.41
10 Day Low20.92
20 Day High21.63
20 Day Low20.92
52 Week High22.42
52 Week Low20.92
CS1 End20.91
CR1 Start21.12
Volume & EV
DER(3)0.91%
DER(5)0.55%
Volume6.30K
Volume Incr35.31%
Vol(5)3.57K
Vol(50)2.36K