CANADIAN TIRE CORP-CLASS A (CTC-A.CA) Stock Technical Analysis
TSX:CTC-A - Toronto Stock Exchange - CA1366812024 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to CTC-A. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CTC-A is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CTC-A did better than 81% of all other stocks.
A new 52 week high is currently being made by CTC-A, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so CTC-A is leading the market.
In the last month CTC-A has a been trading in the 150.30 - 175.62 range, which is quite wide. It is currently trading near the high of this range.
Although CTC-A has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
138.60
176.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 154.94 to 160.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @150.16 from a horizontal line in the daily time frame.
- Support @146.47 from a trend line in the weekly time frame.
- Support @140.00 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 174.40 to 174.40. 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 CTC-A.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTC-A.CA is up. |
| ChartMill Relative Strength | 81.63 | POSITIVE | CTC-A.CA has a high relative strength, it outperformed 81.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTC-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTC-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTC-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80 | OVERBOUGHT | The high RSI value suggests CTC-A.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests CTC-A.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93 | OVERBOUGHT | The high Stochastics value suggests CTC-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for CTC-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 42.51 | POSITIVE | The high ADX value value for CTC-A.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)
TSX:CTC-A (6/2/2025, 7:00:00 PM)
173.58
-0.81 (-0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryBroadline Retail
Performance
% Chg-0.46%
1 Week2.9%
2 Weeks4.55%
1 Month14.99%
3 Month18.73%
6 Month12.66%
12 Month25.16%
2 Year-4.16%
3 Year6.88%
5 Year47.55%
10 Year29.94%
15 Year226.59%
Volatility
ATR(14)2.84
ATR(20)%1.81%
ATR Inc-13.81%
Range Today2.06
ADR(20)2.91
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.63
Mansfield0.99
10 Day High175.62
10 Day Low166.08
20 Day High175.62
20 Day Low150.3
52 Week High175.62
52 Week Low132.74
CS1 End160.02
CR1 Start174.4
Volume & EV
DER(3)1.17%
DER(5)2.69%
Volume360.45K
Volume Incr-7.14%
Vol(5)325.68K
Vol(50)334.65K