PURPOSE CREDIT OPPORTUNITIES (CROP.CA) Stock Technical Analysis
TSX:CROP - Toronto Stock Exchange - CA74643L1013 - ETF - Currency: CAD
Taking everything into account, CROP scores 2 out of 10 in our technical rating. CROP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CROP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 18.50, a Stop Loss order could be placed below this zone.
More info and screens
17.64
When analyzing the support we notice one important area.
- A support zone ranging from 17.82 to 18.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 18.88 to 19.00. 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 | NEUTRAL | NEUTRAL | The long term trend for CROP.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CROP.CA is up. |
| ChartMill Relative Strength | 34.03 | NEUTRAL | CROP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CROP.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CROP.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CROP.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.81 | NEUTRAL | The RSI value for CROP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CROP.CA has a positive trend. |
| Stochastics (14,3) | 82.35 | OVERBOUGHT | The high Stochastics value suggests CROP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for CROP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.4 | NEUTRAL | The ADX value for CROP.CA suggests a possible start of a new trend. |
TSX:CROP (6/11/2025, 7:00:00 PM)
18.54
+0.04 (+0.22%)