CI CANADIAN CONVERTIBLE BOND (CXF.CA) Stock Technical Analysis
TSX:CXF - CA12554K1003 - ETF
Overall CXF gets a technical rating of 5 out of 10. Although CXF is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CXF has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 10.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.29, a Stop Loss order could be placed below this zone.
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9.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.15 to 10.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.81 to 9.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.54 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.31 to 10.53. 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 CXF.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CXF.CA is up. |
| ChartMill Relative Strength | 36.61 | NEUTRAL | CXF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CXF.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CXF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CXF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.71 | NEUTRAL | The RSI value for CXF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CXF.CA has a negative trend. |
| Stochastics (14,3) | 46.43 | NEUTRAL | The Stochastics value for CXF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for CXF.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.75 | NEGATIVE | The low ADX value for CXF.CA suggests a weak or negative trend. |
TSX:CXF (8/22/2025, 7:00:00 PM)
10.31
-0.03 (-0.29%)