CI CONSV ASSET ALLOC ETF (CCNV.CA) Stock Technical Analysis
TSX:CCNV - Toronto Stock Exchange - CA12546K1012 - ETF - Currency: CAD
We assign a technical rating of 4 out of 10 to CCNV. CCNV 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.
Although the technical rating is only medium, CCNV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.44, a Stop Loss order could be placed below this zone.
More info and screens
20.79
We found 1 important support area.
- A support zone ranging from 21.00 to 21.44. 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 21.70 to 21.77. 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 CCNV.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CCNV.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CCNV.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCNV.CA is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 60.17 | NEUTRAL | The RSI value for CCNV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.71 | NEGATIVE | The MACD value suggests CCNV.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.95 | NEUTRAL | The Stochastics value for CCNV.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for CCNV.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.01 | POSITIVE | The high ADX value value for CCNV.CA suggests a strong trend. |
TSX:CCNV (5/29/2025, 7:00:00 PM)
21.57
+0.18 (+0.84%)