CI CANADIAN BANKS COVERED CA (CIC.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CIC - CA17163X4012 - ETF
We assign a technical rating of 8 out of 10 to CIC. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CIC is only an average performer.
Although CIC has an excellent technical rating, the quality of the presented setup is not ideal 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
11.48
4 important support areas can be observed.
- A support zone ranging from 15.04 to 15.41. 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 14.57 to 14.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.05 to 14.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.60 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.52 to 15.52. 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 CIC.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CIC.CA is up. |
| ChartMill Relative Strength | 68.39 | NEUTRAL | CIC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CIC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CIC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CIC.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.16 | OVERBOUGHT | The high RSI value suggests CIC.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CIC.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.73 | OVERBOUGHT | The high Stochastics value suggests CIC.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for CIC.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 46.63 | POSITIVE | The high ADX value value for CIC.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 15.53 | 15.22 | 0.31 (2.00%) | 25.00% |
| An entry @15.53. This is a Buy Stop order right above the resistance zone. | An exit @15.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 2.00%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:CIC (12/22/2025, 7:00:00 PM)
15.48
-0.03 (-0.19%)
CI CANADIAN BANKS COVERED CA / CIC.CA FAQ
What is the ChartMill technical rating of CI CANADIAN BANKS COVERED CA (CIC.CA) stock?
ChartMill assigns a technical rating of 8 / 10 to CIC.CA.
What is the current trend direction of CI CANADIAN BANKS COVERED CA (CIC.CA) stock?
The current trend direction for CI CANADIAN BANKS COVERED CA (CIC.CA) is Bullish.
Can you provide the RSI signal for CI CANADIAN BANKS COVERED CA?
CI CANADIAN BANKS COVERED CA (CIC.CA) has an RSI value of 71.1614. This indicates that the stock is currently overbought.
What is the MACD signal for CI CANADIAN BANKS COVERED CA (CIC.CA) stock?
The MACD indicator for CI CANADIAN BANKS COVERED CA (CIC.CA) has a value of 0.00353368, indicating a bearish trend.
What are the support and resistance levels for CI CANADIAN BANKS COVERED CA (CIC.CA) stock?
CI CANADIAN BANKS COVERED CA (CIC.CA) has a support level at 15.41 and a resistance level at 15.52. Check the full technical report for our detailed analysis of CIC.CA support and resistance levels.