CIBC FLEXIBLE YIELD ETF-CAD (CFLX.CA) Stock Technical Analysis
TSX:CFLX - Toronto Stock Exchange - CA12546R1064 - ETF - Currency: CAD
Taking everything into account, CFLX scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CFLX was also a bad performer in the overall market in the last year.
Although the technical rating is bad, CFLX does present a nice setup opportunity. 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. There is a support zone below the current price at 16.89, a Stop Loss order could be placed below this zone.
More info and screens
16.39
We found 1 important support area.
- A support zone ranging from 16.56 to 16.89. 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 16.91 to 17.26. 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 CFLX.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CFLX.CA is up. |
| ChartMill Relative Strength | 26.71 | NEGATIVE | CFLX.CA has a low relative strength, it was outperformed by 73.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CFLX.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CFLX.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CFLX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.85 | NEUTRAL | The RSI value for CFLX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CFLX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.7 | OVERSOLD | The low Stochastics value suggests CFLX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for CFLX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 7.21 | NEGATIVE | The low ADX value for CFLX.CA suggests a weak or negative trend. |
TSX:CFLX (7/15/2025, 7:00:00 PM)
16.9
-0.01 (-0.06%)