GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) Stock Technical Analysis
TSX:CNDX - Toronto Stock Exchange - CA37961W1086 - ETF - Currency: CAD
We assign a technical rating of 7 out of 10 to CNDX. 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 17418 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.
CNDX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, CNDX turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
In the last month CNDX has a been trading in a tight range between 29.91 and 31.27.
Volume is considerably higher in the last couple of days.
Although CNDX has an excellent technical rating, it does not offer a high quality setup 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
26.08
31.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.68 to 30.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.25 from a trend line in the weekly time frame.
- Support @26.34 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.96 to 31.18. 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 | 65.52 | 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) | 62.9 | NEUTRAL | The RSI value for CNDX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CNDX.CA has a positive trend. |
| Stochastics (14,3) | 90.24 | OVERBOUGHT | The high Stochastics value suggests CNDX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for CNDX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 40.76 | 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 (8/7/2025, 7:00:00 PM)
30.95
-0.23 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.74%
1 Week1.46%
2 Weeks1.38%
1 Month3.1%
3 Month8.52%
6 Month7.84%
12 Month23.6%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%0.79%
ATR Inc89.83%
Range Today0.35
ADR(20)0.18
ADR(20)%0.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.52
Mansfield0.1
10 Day High31.27
10 Day Low29.91
20 Day High31.27
20 Day Low29.91
52 Week High31.27
52 Week Low25.09
CS1 End30.61
CR1 Start30.96
Volume & EV
DER(3)3.68%
DER(5)2.56%
Volume149.70K
Volume Incr267.04%
Vol(5)56.61K
Vol(50)17.42K