GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) Stock Technical Analysis
TSX:CNDX - CA37961W1086 - ETF
31.86 CAD
+0.18 (+0.57%)
Taking everything into account, CNDX scores 8 out of 10 in our technical rating. Although CNDX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CNDX has an average volume of 18405 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by CNDX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month CNDX has a been trading in the 29.91 - 31.89 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, CNDX outperforms 64% of them, which is more or less in line with the market.
Although CNDX has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
27.13
32.19
3 important support areas can be observed.
- A support zone ranging from 31.16 to 31.41. 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 29.68 to 30.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.40 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.87 to 31.87. 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 CNDX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNDX.CA is up. |
| ChartMill Relative Strength | 64.14 | NEUTRAL | CNDX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNDX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNDX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNDX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.22 | OVERBOUGHT | The high RSI value suggests CNDX.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CNDX.CA has a positive trend. |
| Stochastics (14,3) | 93.46 | OVERBOUGHT | The high Stochastics value suggests CNDX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for CNDX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 42.62 | POSITIVE | The high ADX value value for CNDX.CA suggests a strong trend. |
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)
TSX:CNDX (8/29/2025, 7:00:00 PM)
31.86
+0.18 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.57%
1 Week1.01%
2 Weeks2.58%
1 Month4.8%
3 Month8.11%
6 Month10.74%
12 Month21.74%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.73%
ATR Inc30.67%
Range Today0.2
ADR(20)0.15
ADR(20)%0.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.14
Mansfield0.18
10 Day High31.89
10 Day Low30.97
20 Day High31.89
20 Day Low29.91
52 Week High31.89
52 Week Low25.09
CS1 End31.41
CR1 Start31.87
Volume & EV
DER(3)2.51%
DER(5)3.09%
Volume18.20K
Volume Incr-50.3%
Vol(5)11.93K
Vol(50)18.41K