CI ALTERNATIVE INVESTMENT GR (CRED.CA) Stock Technical Analysis
TSX:CRED - Toronto Stock Exchange - CA17164R1064 - ETF - Currency: CAD
Taking everything into account, CRED scores 5 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CRED is a bad performer.
CRED has only a medium technical rating, but it does show 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 20.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.04, a Stop Loss order could be placed below this zone.
More info and screens
18.30
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.48 to 20.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.78 to 18.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @18.48 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.14 to 20.39. 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 CRED.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CRED.CA is up. |
| ChartMill Relative Strength | 38.15 | NEUTRAL | CRED.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CRED.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CRED.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CRED.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.95 | NEUTRAL | The RSI value for CRED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests CRED.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.9 | OVERBOUGHT | The high Stochastics value suggests CRED.CA may be overbought. |
| Average True Range in percent/ATR (20) | 10.05 | HIGH VOLATILITY | The high ATR as a percentage value for CRED.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 7.6 | NEGATIVE | The low ADX value for CRED.CA suggests a weak or negative trend. |
TSX:CRED (6/10/2025, 7:00:00 PM)
20.04
+0.01 (+0.05%)