DYNAMIC ACTIVE BOND ETF (DXBB.CA) Stock Technical Analysis
TSX:DXBB - Toronto Stock Exchange - CA26784M1086 - ETF - Currency: CAD
We assign a technical rating of 2 out of 10 to DXBB. DXBB performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
DXBB has a bad 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 resistance zone just above the current price starting at 19.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.87, a Stop Loss order could be placed below this zone.
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19.52
When analyzing the support we notice one important area.
- A support zone ranging from 19.72 to 19.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 19.95 to 20.41. 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 DXBB.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DXBB.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | DXBB.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DXBB.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DXBB.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.75 | NEUTRAL | The RSI value for DXBB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DXBB.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.38 | NEUTRAL | The Stochastics value for DXBB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for DXBB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.49 | NEGATIVE | The low ADX value for DXBB.CA suggests a weak or negative trend. |
TSX:DXBB (6/3/2025, 7:00:00 PM)
19.91
-0.02 (-0.1%)