CANADIAN TIRE CORP-CLASS A (CTC-A.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CTC-A - CA1366812024 - Common Stock
We assign a technical rating of 8 out of 10 to CTC-A. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CTC-A is only an average performer.
- The long and short term trends are both positive. This is looking good!
- CTC-A is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When compared to the yearly performance of all other stocks, CTC-A outperforms 41% of them, which is more or less in line with the market.
- CTC-A is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTC-A is lagging the market.
CTC-A has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 176.29, a Stop Loss order could be placed below this zone.
More info and screens
154.86
We found 5 important support areas.
- A support zone ranging from 171.41 to 176.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 166.67 to 167.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @163.35 from a horizontal line in the daily time frame.
- A support zone ranging from 159.69 to 159.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @156.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @176.75 from a trend line in the daily time frame.
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 | 41.38 | NEUTRAL | CTC-A.CA is not amongst the best or worst performers 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) | 61.52 | NEUTRAL | The RSI value for CTC-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CTC-A.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.77 | NEUTRAL | The Stochastics value for CTC-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for CTC-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.26 | POSITIVE | The high ADX value value for CTC-A.CA suggests a strong 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 |
|---|---|---|---|
| 176.76 | 173.66 | 3.10 (1.75%) | 25.00% |
| An entry @176.76. This is a Buy Stop order right above the resistance zone. | An exit @173.66. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.10 points, which is 1.75%. | For a 0.44% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CTC-A. Please evaluate whether better entry and exit points can be found.
- 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:CTC-A (1/16/2026, 7:00:00 PM)
176.71
-0.41 (-0.23%)
CANADIAN TIRE CORP-CLASS A / CTC-A.CA FAQ
Can you provide the ChartMill technical rating for CANADIAN TIRE CORP-CLASS A?
ChartMill assigns a technical rating of 8 / 10 to CTC-A.CA.
What is the trend direction for CTC-A stock?
The current trend direction for CANADIAN TIRE CORP-CLASS A (CTC-A.CA) is Bullish.
What is the RSI signal for CANADIAN TIRE CORP-CLASS A (CTC-A.CA) stock?
CANADIAN TIRE CORP-CLASS A (CTC-A.CA) has an RSI value of 61.5163. This indicates that the stock is currently neutral.
What is the short term momentum for CTC-A stock?
The short term momentum for CANADIAN TIRE CORP-CLASS A (CTC-A.CA) is positive.
What is the support and resistance level for CTC-A stock?
CANADIAN TIRE CORP-CLASS A (CTC-A.CA) has a support level at 176.29 and a resistance level at 176.75. Check the full technical report for our detailed analysis of CTC-A.CA support and resistance levels.