DYNAMIC ACTIVE PREFERRED SHA (DXP.CA) Stock Technical Analysis
TSX:DXP - Toronto Stock Exchange - CA26800U1003 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to DXP. Although DXP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: DXP has an average volume of 9718 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.
DXP 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.
When comparing the performance of all stocks over the past year, DXP turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
In the last month DXP has a been trading in a tight range between 23.21 and 24.09.
Considerably lower volume is observed in the last couple of days.
DXP has an excellent technical rating, but the quality of the setup is only medium 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
21.54
24.33
We found 2 important support areas.
- A support zone ranging from 23.13 to 23.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.76 to 22.34. 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 24.09 to 24.09. 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 DXP.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DXP.CA is up. |
| ChartMill Relative Strength | 59.51 | NEUTRAL | DXP.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DXP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DXP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DXP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.88 | OVERBOUGHT | The high RSI value suggests DXP.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests DXP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.13 | OVERBOUGHT | The high Stochastics value suggests DXP.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for DXP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.66 | NEUTRAL | The ADX value for DXP.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 |
|---|---|---|---|
| 24.10 | 23.43 | 0.67 (2.78%) | 25.00% |
| An entry @24.10. This is a Buy Stop order right above the resistance zone. | An exit @23.43. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.67 points, which is 2.78%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:DXP (6/6/2025, 7:00:00 PM)
24.08
+0.07 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.29%
1 Week1.01%
2 Weeks1.99%
1 Month3.61%
3 Month1.52%
6 Month5.89%
12 Month13.26%
2 Year28.22%
3 Year15.22%
5 Year51.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%0.6%
ATR Inc-52.05%
Range Today0.03
ADR(20)0.13
ADR(20)%0.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.51
Mansfield0.08
10 Day High24.09
10 Day Low23.44
20 Day High24.09
20 Day Low23.21
52 Week High24.09
52 Week Low20
CS1 End23.85
CR1 Start24.09
Volume & EV
DER(3)0.78%
DER(5)0.74%
Volume5.03K
Volume Incr-3.36%
Vol(5)5.73K
Vol(50)9.72K