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DYNAMIC ACTV EN YLD OPT ETF (DXQ.CA) Stock Technical Analysis

TSX:DXQ - Toronto Stock Exchange - CA26786L1085 - ETF - Currency: CAD

26.44  -0.01 (-0.04%)

Technical Rating and Analysis

7

Overall DXQ gets a technical rating of 7 out of 10. In the last year, DXQ was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

Warning: DXQ has an average volume of 12708 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.
DXQ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DXQ is lagging the market slightly.
When compared to the yearly performance of all other stocks, DXQ outperforms 57% of them, which is more or less in line with the market.
In the last month DXQ has a been trading in a tight range between 25.66 and 26.45.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
DYNAMIC ACTV EN YLD OPT ETF / DXQ Weekly stock chart
DYNAMIC ACTV EN YLD OPT ETF / DXQ Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, DXQ also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.26, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

21.58

27.32

We found 3 important support areas.

  • A support zone ranging from 25.40 to 26.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @22.95 from a horizontal line in the weekly time frame.
  • Support @21.80 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 26.47 to 27.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for DXQ.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for DXQ.CA is up.
ChartMill Relative Strength57.54NEUTRALDXQ.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of DXQ.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of DXQ.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of DXQ.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)64.17NEUTRALThe RSI value for DXQ.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests DXQ.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)93.52OVERBOUGHTThe high Stochastics value suggests DXQ.CA may be overbought.
Average True Range in percent/ATR (20)0.73LOW VOLATILITYThe low ATR as a percentage value for DXQ.CA suggests low volalility.
Average Directional Index/ADX (14)15.19NEGATIVEThe low ADX value for DXQ.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
26.4625.970.49 (1.85%)25.00%
An entry @26.46. This is a Buy Stop order right above the 10 day high.An exit @25.97. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.49 points, which is 1.85%.For a 0.46% 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.
DYNAMIC ACTV EN YLD OPT ETF / DXQ Daily stock chart

DYNAMIC ACTV EN YLD OPT ETF

TSX:DXQ (7/4/2025, 7:00:00 PM)

26.44

-0.01 (-0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week0.88%
2 Weeks2.76%
1 Month3%
3 Month17.93%
6 Month-0.21%
12 Month8.41%
2 Year19.15%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%0.73%
ATR Inc43.85%
Range Today0.27
ADR(20)0.13
ADR(20)%0.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.54
Mansfield-0.36
10 Day High26.45
10 Day Low25.98
20 Day High26.45
20 Day Low25.66
52 Week High27.06
52 Week Low21.67
CS1 End26.26
CR1 Start26.47
Volume & EV
DER(3)-0.55%
DER(5)-0.33%
Volume3.90K
Volume Incr543.93%
Vol(5)47.17K
Vol(50)12.71K