CI BAL INC ASSET ALLOC ETF (CBIN.CA) Stock Technical Analysis
TSX:CBIN - Toronto Stock Exchange - CA12570C1086 - ETF - Currency: CAD
We assign a technical rating of 4 out of 10 to CBIN. CBIN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
CBIN has only a medium technical rating, but it does show 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 22.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.55, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 22.29 to 22.55. 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 21.46 to 21.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.71 to 22.75. 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 CBIN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBIN.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CBIN.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CBIN.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBIN.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.31 | NEUTRAL | The RSI value for CBIN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CBIN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 98.61 | OVERBOUGHT | The high Stochastics value suggests CBIN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for CBIN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for CBIN.CA suggests a weak or negative trend. |
TSX:CBIN (6/10/2025, 7:00:00 PM)
22.62
-0.03 (-0.13%)