CANADIAN UTILITIES LTD-A (CU.CA) Stock Technical Analysis
TSX:CU - Toronto Stock Exchange - CA1367178326 - Common Stock - Currency: CAD
Taking everything into account, CU scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CU is only an average performer.
Besides having an excellent technical rating, CU also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 38.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 37.96, 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
28.34
We found 5 important support areas.
- A support zone ranging from 36.67 to 37.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.23 from a horizontal line in the daily time frame.
- Support @34.64 from a horizontal line in the weekly time frame.
- A support zone ranging from 33.31 to 33.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.63 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 38.39 to 38.60. 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 CU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CU.CA is up. |
| ChartMill Relative Strength | 58.83 | NEUTRAL | CU.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CU.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.15 | NEUTRAL | The RSI value for CU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CU.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.14 | NEUTRAL | The Stochastics value for CU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for CU.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.82 | NEGATIVE | The low ADX value for CU.CA suggests a weak or negative 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 |
|---|---|---|---|
| 38.61 | 37.33 | 1.28 (3.32%) | 25.00% |
| An entry @38.61. This is a Buy Stop order right above the resistance zone. | An exit @37.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.28 points, which is 3.32%. | For a 0.83% 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:CU (7/17/2025, 7:00:00 PM)
38.14
-0.14 (-0.37%)