GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) Stock Technical Analysis
TSX:CNDX - Toronto Stock Exchange - CA37961W1086 - ETF - Currency: CAD
Taking everything into account, CNDX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CNDX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: CNDX has an average volume of 8568 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.
When comparing the yearly performance of all stocks, we notice that CNDX is one of the better performing stocks in the market, outperforming 71% of all stocks. We also observe that the gains produced by CNDX over the past year are nicely spread over this period.
CNDX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CNDX has a been trading in a tight range between 28.98 and 29.83.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CNDX 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 29.79. Right above this resistance zone may be a good entry point.
More info and screens
25.73
30.09
We found 2 important support areas.
- A support zone ranging from 26.84 to 27.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.99 to 26.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 29.79 to 29.79. 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 | 71.21 | POSITIVE | CNDX.CA has a high relative strength, it outperformed 71.21% off all stocks 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) | 68.36 | NEUTRAL | The RSI value for CNDX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CNDX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.96 | OVERBOUGHT | The high Stochastics value suggests CNDX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for CNDX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.87 | 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.80 | 29.31 | 0.49 (1.64%) | 25.00% |
| An entry @29.80. This is a Buy Stop order right above the resistance zone. | An exit @29.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.49 points, which is 1.64%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- 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.
TSX:CNDX (6/12/2025, 7:00:00 PM)
29.78
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.03%
1 Week0.78%
2 Weeks0.95%
1 Month2.8%
3 Month7.35%
6 Month4.42%
12 Month22.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.58%
ATR Inc-23.53%
Range Today0.07
ADR(20)0.14
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
CRS71.21
Mansfield0.27
10 Day High29.83
10 Day Low29.32
20 Day High29.83
20 Day Low28.98
52 Week High29.83
52 Week Low24.1
CS1 End27.11
CR1 Start29.79
Volume & EV
DER(3)-0.53%
DER(5)0.73%
Volume7.70K
Volume Incr-50.58%
Vol(5)4.96K
Vol(50)8.57K