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GLB X S&P/TSX 60 COVERED ETF (CNCC.CA) Stock Technical Analysis

TSX:CNCC - Toronto Stock Exchange - CA37964D1078 - ETF - Currency: CAD

12.52  +0.03 (+0.2%)

Technical Rating and Analysis

7

Taking everything into account, CNCC scores 7 out of 10 in our technical rating. Although CNCC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: CNCC has an average volume of 7479 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CNCC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CNCC is lagging the market slightly.
When compared to the yearly performance of all other stocks, CNCC outperforms 47% of them, which is more or less in line with the market.
In the last month CNCC has a been trading in a tight range between 12.33 and 12.61.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
GLB X S&P/TSX 60 COVERED ETF / CNCC Weekly stock chart
GLB X S&P/TSX 60 COVERED ETF / CNCC Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, CNCC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.51, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

11.42

12.98

We found 2 important support areas.

  • A support zone ranging from 12.19 to 12.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 11.54 to 11.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 12.56 to 12.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for CNCC.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for CNCC.CA is up.
ChartMill Relative Strength47.74NEUTRALCNCC.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of CNCC.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of CNCC.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of CNCC.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)59.73NEUTRALThe RSI value for CNCC.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests CNCC.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)64.88NEUTRALThe Stochastics value for CNCC.CA is a neutral value.
Average True Range in percent/ATR (20)0.46LOW VOLATILITYThe low ATR as a percentage value for CNCC.CA suggests low volalility.
Average Directional Index/ADX (14)16.02NEGATIVEThe low ADX value for CNCC.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
12.6212.400.22 (1.74%)25.00%
An entry @12.62. This is a Buy Stop order right above the 10 day high.An exit @12.40. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.22 points, which is 1.74%.For a 0.44% 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.
GLB X S&P/TSX 60 COVERED ETF / CNCC Daily stock chart

GLB X S&P/TSX 60 COVERED ETF

TSX:CNCC (6/10/2025, 7:00:00 PM)

12.52

+0.03 (+0.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.2%
1 Week0.08%
2 Weeks-0.24%
1 Month1.38%
3 Month2.88%
6 Month-0.79%
12 Month6.55%
2 Year2.71%
3 Year-0.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.46%
ATR Inc-55.56%
Range Today0.03
ADR(20)0.05
ADR(20)%0.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.74
Mansfield-0.29
10 Day High12.61
10 Day Low12.41
20 Day High12.61
20 Day Low12.33
52 Week High12.88
52 Week Low11.07
CS1 End12.51
CR1 Start12.56
Volume & EV
DER(3)-0.12%
DER(5)-0.07%
Volume4.38K
Volume Incr-53.15%
Vol(5)2.30K
Vol(50)7.48K