CI ALTERNATIVE DIVERSIFIED (CMDO.CA) Stock Technical Analysis
TSX:CMDO - Toronto Stock Exchange - CA12546P1009 - ETF - Currency: CAD
Taking everything into account, CMDO scores 5 out of 10 in our technical rating. Although CMDO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CMDO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.54, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
18.52
We found 1 important support area.
- A support zone ranging from 18.71 to 19.54. 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 19.57 to 19.72. 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 CMDO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CMDO.CA is up. |
| ChartMill Relative Strength | 37.67 | NEUTRAL | CMDO.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CMDO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CMDO.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CMDO.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.12 | NEUTRAL | The RSI value for CMDO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CMDO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.19 | NEUTRAL | The Stochastics value for CMDO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.28 | LOW VOLATILITY | The low ATR as a percentage value for CMDO.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.86 | NEGATIVE | The low ADX value for CMDO.CA suggests a weak or negative trend. |
TSX:CMDO (6/6/2025, 7:00:00 PM)
19.56
-0.05 (-0.25%)