BETAPRO S&P/TSX 60 -2X DAILY (CNDD.CA) Stock Technical Analysis
TSX:CNDD - Toronto Stock Exchange - CA08660R3027 - ETF - Currency: CAD
Taking everything into account, CNDD scores 1 out of 10 in our technical rating. In the last year, CNDD was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
CNDD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 19.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNDD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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19.22
When analyzing the support we notice one important area.
- A support zone ranging from 19.41 to 19.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.24 to 20.51. 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 CNDD.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNDD.CA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | CNDD.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNDD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNDD.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 36.85 | NEUTRAL | The RSI value for CNDD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CNDD.CA has a positive trend. |
| Stochastics (14,3) | 18.5 | OVERSOLD | The low Stochastics value suggests CNDD.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for CNDD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.68 | POSITIVE | The high ADX value value for CNDD.CA suggests a strong trend. |
TSX:CNDD (7/11/2025, 7:00:00 PM)
19.515
+0.11 (+0.54%)