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 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EDGE is only an average performer.
Warning: EDGE has an average volume of 1520 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.
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.
In the last month EDGE has a been trading in the 40.82 - 43.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although EDGE has an excellent technical rating, it 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
35.65
43.59
2 important support areas can be observed.
- A support zone ranging from 42.15 to 42.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.70 to 43.16. 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 EDGE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDGE.CA is up. |
| ChartMill Relative Strength | 69.12 | 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) | 57.06 | NEUTRAL | The RSI value for EDGE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EDGE.CA has a negative trend. |
| Stochastics (14,3) | 74.15 | NEUTRAL | The Stochastics value for EDGE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for EDGE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.88 | 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 (7/11/2025, 7:00:00 PM)
42.36
-0.41 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.96%
1 Week-0.89%
2 Weeks-0.33%
1 Month1.83%
3 Month21.34%
6 Month9.37%
12 Month14.83%
2 Year27.78%
3 Year35.38%
5 Year55.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%0.95%
ATR Inc44.24%
Range Today0.14
ADR(20)0.23
ADR(20)%0.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.12
Mansfield0.16
10 Day High43.44
10 Day Low42
20 Day High43.44
20 Day Low40.82
52 Week High43.44
52 Week Low32.63
CS1 End42.35
CR1 Start42.7
Volume & EV
DER(3)0%
DER(5)2.7%
Volume230
Volume Incr-36.86%
Vol(5)1.41K
Vol(50)1.52K