ISHARES CONVERTIBLE BOND IND (CVD.CA) Stock Technical Analysis
TSX:CVD - Toronto Stock Exchange - CA46432K2056 - ETF - Currency: CAD
Overall CVD gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, CVD is a bad performer.
When comparing the yearly performance of all stocks, CVD is a bad performer in the overall market: 63% of all stocks are doing better.
Warning: CVD has an average volume of 2433 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CVD is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CVD has a been trading in a tight range between 17.62 and 18.17.
Volume is considerably higher in the last couple of days.
CVD has only a medium technical rating, but it does show 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 17.85, a Stop Loss order could be placed below this zone.
More info and screens
16.88
18.08
We found 2 important support areas.
- A support zone ranging from 17.50 to 17.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.05 to 17.13. 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 17.89 to 17.90. 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 CVD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVD.CA is up. |
| ChartMill Relative Strength | 37.22 | NEUTRAL | CVD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.24 | NEUTRAL | The RSI value for CVD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CVD.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.73 | NEUTRAL | The Stochastics value for CVD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for CVD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.72 | NEUTRAL | The ADX value for CVD.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 17.91 | 17.69 | 0.22 (1.20%) | 25.00% |
| An entry @17.91. This is a Buy Stop order right above the resistance zone. | An exit @17.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.22 points, which is 1.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- 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:CVD (7/21/2025, 7:00:00 PM)
17.88
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.51%
2 Weeks1.19%
1 Month1.02%
3 Month3.47%
6 Month1.82%
12 Month4.56%
2 Year7.19%
3 Year3.35%
5 Year3.83%
10 Year-3.61%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.7%
ATR Inc-54.84%
Range Today0.08
ADR(20)0.1
ADR(20)%0.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.22
Mansfield-0.56
10 Day High18.17
10 Day Low17.7
20 Day High18.17
20 Day Low17.62
52 Week High18.17
52 Week Low0
CS1 End17.85
CR1 Start17.89
Volume & EV
DER(3)-2.9%
DER(5)-1.05%
Volume2.50K
Volume Incr62.77%
Vol(5)3.56K
Vol(50)2.43K