MULVIHILL CANADIAN BANK ENHA (CBNK.CA) Stock Technical Analysis
TSX:CBNK - Toronto Stock Exchange - CA62580L1013 - ETF - Currency: CAD
We assign a technical rating of 9 out of 10 to CBNK. Both in the recent history as in the last year, CBNK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: CBNK has an average volume of 16997 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CBNK did better than 75% of all other stocks.
CBNK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CBNK is performing more or less in line with the market.
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 8.44 and 8.86.
Besides having an excellent technical rating, CBNK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
7.34
8.83
We found 4 important support areas.
- Support @8.58 from a horizontal line in the daily time frame.
- A support zone ranging from 8.30 to 8.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.59 from a trend line in the weekly time frame.
- Support @7.41 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.61 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 | 75.4 | POSITIVE | CBNK.CA has a high relative strength, it outperformed 75.4% 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) | 58.77 | NEUTRAL | The RSI value for CBNK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CBNK.CA has a negative trend. |
| Stochastics (14,3) | 35.11 | NEUTRAL | The Stochastics value for CBNK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for CBNK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 46.02 | 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)
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 |
|---|---|---|---|
| 8.67 | 8.57 | 0.10 (1.14%) | 25.00% |
| An entry @8.67. This is a Buy Stop order right above the 10 day moving average. | An exit @8.57. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.10 points, which is 1.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.29%. |
- The distance between exit and entry is rather small compared to the average daily movement of CBNK. 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:CBNK (6/13/2025, 7:00:00 PM)
8.59
-0.08 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.92%
1 Week-1.26%
2 Weeks-0.35%
1 Month1.6%
3 Month9.85%
6 Month-0.69%
12 Month24.31%
2 Year19.47%
3 Year9.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.87%
ATR Inc-20.45%
Range Today0.09
ADR(20)0.06
ADR(20)%0.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.4
Mansfield0.28
10 Day High8.74
10 Day Low8.57
20 Day High8.86
20 Day Low8.44
52 Week High8.86
52 Week Low6.81
CS1 End8.58
CR1 Start8.61
Volume & EV
DER(3)1.32%
DER(5)2.16%
Volume46.28K
Volume Incr43.79%
Vol(5)13.06K
Vol(50)17.00K