MULVIHILL CANADIAN BANK ENHA (CBNK.CA) Stock Technical Analysis
TSX:CBNK - Toronto Stock Exchange - CA62580L1013 - ETF - Currency: CAD
Taking everything into account, CBNK scores 8 out of 10 in our technical rating. In the last year, CBNK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Warning: CBNK has an average volume of 17529 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, CBNK did better than 74% of all other stocks.
CBNK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CBNK is lagging the market slightly.
CBNK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
In the last month CBNK has a been trading in a tight range between 8.45 and 8.86.
Although CBNK has an excellent technical rating, it does not offer a high 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
7.34
8.83
When analyzing the support we can see 4 important areas.
- Support @8.51 from a horizontal line in the daily time frame.
- A support zone ranging from 8.31 to 8.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.61 from a trend line in the weekly time frame.
- Support @7.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.62 to 8.74. 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 | UP | POSITIVE | The long term trend for CBNK.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CBNK.CA is up. |
| ChartMill Relative Strength | 74.6 | POSITIVE | CBNK.CA has a high relative strength, it outperformed 74.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CBNK.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CBNK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CBNK.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.47 | NEUTRAL | The RSI value for CBNK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CBNK.CA has a negative trend. |
| Stochastics (14,3) | 21.15 | NEUTRAL | The Stochastics value for CBNK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for CBNK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 45.8 | POSITIVE | The high ADX value value for CBNK.CA suggests a strong 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:CBNK (6/16/2025, 7:00:00 PM)
8.52
-0.07 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.81%
1 Week-1.96%
2 Weeks-1.16%
1 Month0.59%
3 Month8.4%
6 Month0.59%
12 Month24.93%
2 Year18.5%
3 Year8.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.98%
ATR Inc114.88%
Range Today0.23
ADR(20)0.07
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.6
Mansfield0.08
10 Day High8.74
10 Day Low8.51
20 Day High8.86
20 Day Low8.45
52 Week High8.86
52 Week Low6.82
CS1 End8.51
CR1 Start8.62
Volume & EV
DER(3)1.32%
DER(5)0.79%
Volume31.24K
Volume Incr122.72%
Vol(5)19.19K
Vol(50)17.53K