GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CNDX - CA37961W1086 - ETF
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.
CNDX has an excellent technical rating, but the quality of the setup is only medium 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.
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27.83
When analyzing the support we can see 2 important areas.
- A support zone ranging from 32.94 to 34.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.11 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.61 to 34.79. 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 | 62.08 | 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) | 61.72 | NEUTRAL | The RSI value for CNDX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CNDX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.32 | OVERBOUGHT | The high Stochastics value suggests CNDX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for CNDX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.6 | NEUTRAL | The ADX value for CNDX.CA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 34.80 | 33.39 | 1.41 (4.05%) | 24.68% |
| An entry @34.80. This is a Buy Stop order right above the resistance zone. | An exit @33.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.41 points, which is 4.05%. | When investing 24.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (12/5/2025, 7:00:00 PM)
34.58
-0.2 (-0.58%)
GLOBAL X S&P/TSX 60 IDX ETF / CNDX.CA FAQ
What is the technical rating for CNDX stock?
ChartMill assigns a technical rating of 8 / 10 to CNDX.CA.
What is the current trend direction of GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) stock?
The current trend direction for GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) is Bullish.
Can you provide the RSI signal for GLOBAL X S&P/TSX 60 IDX ETF?
GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) has an RSI value of 61.72. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GLOBAL X S&P/TSX 60 IDX ETF?
The short term momentum for GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) is positive.
What is the buy/sell signal for GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) stock?
The buy/sell signal for GLOBAL X S&P/TSX 60 IDX ETF (CNDX.CA) is buy as both the short term and long term trends are positive.