CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:DXM -
Overall DXM gets a technical rating of 7 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, DXM is a bad performer.
Although DXM has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.96
When analyzing the support we can see 4 important areas.
- A support zone ranging from 11.70 to 11.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.16 to 11.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.69 from a trend line in the weekly time frame.
- Support @9.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.08 to 12.16. 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 DXM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DXM.CA is up. |
| ChartMill Relative Strength | 36.94 | NEUTRAL | DXM.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DXM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DXM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DXM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.44 | OVERBOUGHT | The high RSI value suggests DXM.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DXM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 93.74 | OVERBOUGHT | The high Stochastics value suggests DXM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for DXM.CA suggests low volalility. |
CI First Asset Morningstar Cda Div Tgt 30 ETF
TSX:DXM (4/15/2021, 5:42:19 PM)
12.07
+0.06 (+0.5%)
CI First Asset Morningstar Cda Div Tgt 30 ETF / DXM.CA FAQ
Can you provide the ChartMill technical rating for CI First Asset Morningstar Cda Div Tgt 30 ETF?
ChartMill assigns a technical rating of 7 / 10 to DXM.CA.
Can you provide the trend direction for CI First Asset Morningstar Cda Div Tgt 30 ETF?
The current trend direction for CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) is Bullish.
Can you provide the RSI signal for CI First Asset Morningstar Cda Div Tgt 30 ETF?
CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) has an RSI value of 72.4411. This indicates that the stock is currently overbought.
Can you provide the MACD signal for CI First Asset Morningstar Cda Div Tgt 30 ETF?
The MACD indicator for CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) has a value of -0.0187451, indicating a bearish trend.
Can you provide the short term momentum for CI First Asset Morningstar Cda Div Tgt 30 ETF?
The short term momentum for CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) is positive.