CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) Technical Analysis
TSX:DXM
Current stock price
DXM.CA Technical Rating and Analysis
Taking everything into account, DXM scores 7 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, DXM is a bad performer in the overall market: 64% of all stocks are doing better.
- Warning: DXM has an average volume of 2292 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.
- A new 52 week high is currently being made by DXM, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so DXM is leading the market.
- In the last month DXM has a been trading in a tight range between 11.71 and 12.07.
- Volume is considerably higher in the last couple of days.
DXM.CA Weekly and Daily overview Charts
DXM.CA Setup Rating and Analysis
Although DXM has an excellent technical rating, it does not present a decent entry opportunity 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
DXM.CA Support and Resistance Analysis
8.96
4 important support areas can be observed.
- 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.
We found 1 important resistance 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.
DXM.CA Technical Indicator Signal Analysis
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. |
DXM.CA Chart- and CandleStick Pattern Analysis
DXM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA 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.
What is the current trend direction of CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) stock?
The current trend direction for CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) is Bullish.
What is the RSI signal for DXM stock?
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.
What is the MACD signal for CI First Asset Morningstar Cda Div Tgt 30 ETF (DXM.CA) stock?
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.