EVOLVE INNOVATION INDEX FUND (EDGE.CA) Stock Technical Analysis
TSX:EDGE - Toronto Stock Exchange - CA30052W1032 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to EDGE. Although EDGE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: EDGE has an average volume of 1051 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.
EDGE 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.
In the last month EDGE has a been trading in the 38.90 - 41.91 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When comparing the performance of all stocks over the past year, EDGE turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
Volume is considerably higher in the last couple of days.
Although EDGE has an excellent technical rating, it does not present a decent entry opportunity 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
32.61
42.32
4 important support areas can be observed.
- A support zone ranging from 40.46 to 41.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.46 to 39.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.67 from a trend line in the weekly time frame.
- Support @32.94 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 41.46 to 41.90. 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 | UP | POSITIVE | The short term trend for EDGE.CA is up. |
| ChartMill Relative Strength | 69.31 | NEUTRAL | EDGE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDGE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDGE.CA is above 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) | 64.52 | NEUTRAL | The RSI value for EDGE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EDGE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.87 | OVERBOUGHT | The high Stochastics value suggests EDGE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for EDGE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.2 | NEUTRAL | The ADX value for EDGE.CA suggests a possible start of a new 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 (6/12/2025, 7:00:00 PM)
41.45
-0.15 (-0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.36%
1 Week2.5%
2 Weeks3.08%
1 Month7.83%
3 Month9.95%
6 Month2.62%
12 Month16.76%
2 Year31.55%
3 Year44.37%
5 Year66.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%1.19%
ATR Inc-32.55%
Range Today0
ADR(20)0.24
ADR(20)%0.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.31
Mansfield0.3
10 Day High41.91
10 Day Low39.62
20 Day High41.91
20 Day Low38.9
52 Week High41.91
52 Week Low32.63
CS1 End41.17
CR1 Start41.46
Volume & EV
DER(3)-11.24%
DER(5)-6.75%
Volume100
Volume Incr106.54%
Vol(5)2.00K
Vol(50)1.05K