EVOLV EURO BKS ENH YLD ETF-B (EBNK-B.CA) Stock Technical Analysis
TSX:EBNK-B - Toronto Stock Exchange - CA30053N2014 - ETF - Currency: CAD
We assign a technical rating of 9 out of 10 to EBNK-B. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EBNK-B is showing a nice and steady performance.
EBNK-B has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.11, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EBNK-B in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.33
When analyzing the support we can see 5 important areas.
- A support zone ranging from 13.75 to 14.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.94 from a trend line in the weekly time frame.
- Support @11.64 from a trend line in the daily time frame.
- A support zone ranging from 11.20 to 11.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.43 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.22 to 14.34. 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 EBNK-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EBNK-B.CA is up. |
| ChartMill Relative Strength | 73.18 | POSITIVE | EBNK-B.CA has a high relative strength, it outperformed 73.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EBNK-B.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBNK-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBNK-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.6 | NEUTRAL | The RSI value for EBNK-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EBNK-B.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.68 | NEUTRAL | The Stochastics value for EBNK-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for EBNK-B.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.86 | NEUTRAL | The ADX value for EBNK-B.CA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 14.35 | 13.74 | 0.61 (4.25%) | 23.52% |
| An entry @14.35. This is a Buy Stop order right above the resistance zone. | An exit @13.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.61 points, which is 4.25%. | For a 1.00% total portfolio risk, you can invest 23.52% 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:EBNK-B (6/12/2025, 7:00:00 PM)
14.21
+0.19 (+1.36%)