DYNAMIC ACTV EN YLD OPT ETF (DXQ.CA) Stock Technical Analysis
TSX:DXQ - Toronto Stock Exchange - CA26786L1085 - ETF - Currency: CAD
We assign a technical rating of 7 out of 10 to DXQ. DXQ has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
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.
DXQ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, DXQ outperforms 50% 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 24.81 and 26.04.
Besides having an excellent technical rating, DXQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 25.63, a Stop Loss order could be placed below this zone.
More info and screens
21.58
27.32
We found 4 important support areas.
- A support zone ranging from 25.12 to 25.63. 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.
- A support zone ranging from 22.42 to 22.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @26.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.02 to 27.05. 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 DXQ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DXQ.CA is up. |
| ChartMill Relative Strength | 50.09 | NEUTRAL | DXQ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DXQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DXQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DXQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.2 | NEUTRAL | The RSI value for DXQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DXQ.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.5 | NEUTRAL | The Stochastics value for DXQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for DXQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for DXQ.CA suggests a weak or negative 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 |
|---|---|---|---|
| 25.86 | 25.35 | 0.51 (1.97%) | 25.00% |
| An entry @25.86. This is a Buy Stop order right above the 10 day high. | An exit @25.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.51 points, which is 1.97%. | For a 0.49% 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:DXQ (6/6/2025, 7:00:00 PM)
25.85
+0.18 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.7%
1 Week1.41%
2 Weeks1.53%
1 Month4.49%
3 Month3.73%
6 Month-1.79%
12 Month5.17%
2 Year18.69%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%0.85%
ATR Inc-4.74%
Range Today0.01
ADR(20)0.16
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.09
Mansfield-0.2
10 Day High25.85
10 Day Low25.36
20 Day High26.04
20 Day Low24.81
52 Week High27.06
52 Week Low21.67
CS1 End25.63
CR1 Start26.47
Volume & EV
DER(3)-0.89%
DER(5)-0.32%
Volume828
Volume Incr-54.11%
Vol(5)4.59K
Vol(50)98.29K