CIBC CANADIAN SH-TRM BND ETF (CSBI.CA) Stock Technical Analysis
TSX:CSBI - Toronto Stock Exchange - CA12569M1095 - ETF - Currency: CAD
Taking everything into account, CSBI scores 7 out of 10 in our technical rating. Although CSBI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CSBI has an average volume of 3541 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
CSBI is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CSBI is leading the market.
When comparing the performance of all stocks over the past year, CSBI turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
In the last month CSBI has a been trading in a tight range between 20.68 and 20.79.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, CSBI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.74, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.71
21.05
2 important support areas can be observed.
- A support zone ranging from 20.35 to 20.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.91 to 19.96. 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 20.75 to 20.84. This zone is formed by a combination of multiple trend lines and important moving averages 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 CSBI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSBI.CA is up. |
| ChartMill Relative Strength | 41.61 | NEUTRAL | CSBI.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CSBI.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSBI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSBI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.66 | NEUTRAL | The RSI value for CSBI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CSBI.CA has a negative trend. |
| Stochastics (14,3) | 40.74 | NEUTRAL | The Stochastics value for CSBI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.14 | LOW VOLATILITY | The low ATR as a percentage value for CSBI.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 5.52 | NEGATIVE | The low ADX value for CSBI.CA suggests a weak or negative 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 |
|---|---|---|---|
| 20.79 | 20.69 | 0.10 (0.48%) | 25.00% |
| An entry @20.79. This is a Buy Stop order right above the 10 day high. | An exit @20.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.48%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:CSBI (6/4/2025, 7:00:00 PM)
20.74
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week0.14%
2 Weeks-0.19%
1 Month0.24%
3 Month0.29%
6 Month1.57%
12 Month3.6%
2 Year5.17%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.14%
ATR Inc-30%
Range Today0.03
ADR(20)0.01
ADR(20)%0.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.61
Mansfield-0.29
10 Day High20.78
10 Day Low20.7
20 Day High20.79
20 Day Low20.68
52 Week High20.87
52 Week Low0
CS1 End20.74
CR1 Start20.75
Volume & EV
DER(3)0%
DER(5)0%
Volume19.40K
Volume Incr60.42%
Vol(5)7.96K
Vol(50)3.54K