EVOLV EURO BKS ENH YLD ETF (EBNK.CA) Stock Technical Analysis
TSX:EBNK - Toronto Stock Exchange - CA30053N3004 - ETF - Currency: CAD
Taking everything into account, EBNK scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EBNK is showing a nice and steady performance.
Warning: EBNK has an average volume of 11988 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, EBNK did better than 74% of all other stocks. We also observe that the gains produced by EBNK over the past year are nicely spread over this period.
EBNK 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.
EBNK 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.
In the last month EBNK has a been trading in a tight range between 13.46 and 14.22.
EBNK has an excellent technical rating and 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 13.68, a Stop Loss order could be placed below this zone.
More info and screens
10.58
14.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 13.61 to 13.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.46 from a trend line in the weekly time frame.
- Strong support @10.91 from a horizontal line in the daily time frame.
- Support @10.69 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.72 to 14.01. This zone is formed by a combination of multiple trend lines and important moving averages 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.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EBNK.CA is neutral. |
| ChartMill Relative Strength | 74.18 | POSITIVE | EBNK.CA has a high relative strength, it outperformed 74.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EBNK.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EBNK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EBNK.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.85 | NEUTRAL | The RSI value for EBNK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EBNK.CA has a negative trend. |
| Stochastics (14,3) | 37.28 | NEUTRAL | The Stochastics value for EBNK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for EBNK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.14 | POSITIVE | The high ADX value value for EBNK.CA suggests a strong 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 |
|---|---|---|---|
| 14.02 | 13.60 | 0.42 (3.00%) | 25.00% |
| An entry @14.02. This is a Buy Stop order right above the resistance zone. | An exit @13.60. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.42 points, which is 3.00%. | For a 0.75% 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:EBNK (6/11/2025, 7:00:00 PM)
13.69
+0.02 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week0.51%
2 Weeks-1.08%
1 Month1.63%
3 Month4.03%
6 Month22.23%
12 Month28.06%
2 Year45.02%
3 Year73.51%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.8%
ATR Inc-11.6%
Range Today0.24
ADR(20)0.2
ADR(20)%1.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.18
Mansfield1.03
10 Day High14.01
10 Day Low13.46
20 Day High14.22
20 Day Low13.46
52 Week High14.22
52 Week Low0
CS1 End13.68
CR1 Start13.72
Volume & EV
DER(3)0.26%
DER(5)0.16%
Volume8.05K
Volume Incr-39.28%
Vol(5)6.01K
Vol(50)11.99K