EVOLVE INNOVATION INDEX FUND (EDGE.CA) Stock Technical Analysis
TSX:EDGE - Toronto Stock Exchange - CA30052W1032 - ETF - Currency: CAD
Overall EDGE gets a technical rating of 4 out of 10. In the last year, EDGE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Warning: EDGE has an average volume of 1776 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EDGE 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 EDGE is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, EDGE outperforms 64% of them, which is more or less in line with the market.
In the last month EDGE has a been trading in a tight range between 41.61 and 44.00.
EDGE has an average technical rating and it also does not offer a high quality setup 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
35.98
44.45
2 important support areas can be observed.
- A support zone ranging from 41.63 to 41.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.34 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 42.13 to 42.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 43.81 to 44.01. 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 EDGE.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDGE.CA is down. |
| ChartMill Relative Strength | 64.96 | NEUTRAL | EDGE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDGE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EDGE.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDGE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.21 | NEUTRAL | The RSI value for EDGE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests EDGE.CA has a negative trend. |
| Stochastics (14,3) | 22.73 | NEUTRAL | The Stochastics value for EDGE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for EDGE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.11 | NEGATIVE | The low ADX value for EDGE.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)
TSX:EDGE (8/7/2025, 7:00:00 PM)
41.93
-0.39 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.92%
1 Week-3.14%
2 Weeks-4.12%
1 Month-2.33%
3 Month9.08%
6 Month3.05%
12 Month22.21%
2 Year33.15%
3 Year39.77%
5 Year44.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%1.24%
ATR Inc-22.9%
Range Today0.46
ADR(20)0.31
ADR(20)%0.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.96
Mansfield-0.13
10 Day High44
10 Day Low41.61
20 Day High44
20 Day Low41.61
52 Week High44
52 Week Low32.63
CS1 End41.9
CR1 Start42.13
Volume & EV
DER(3)-17.35%
DER(5)-10.41%
Volume3.86K
Volume Incr35.05%
Vol(5)2.00K
Vol(50)1.78K