EXCHANGE INCOME CORP (EIF.CA) Stock Technical Analysis
TSX:EIF - Toronto Stock Exchange - CA3012831077 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to EIF. In the last year, EIF was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, EIF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 58.96. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
42.23
We found 3 important support areas.
- A support zone ranging from 56.80 to 56.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.94 to 48.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.66 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.96 to 59.28. 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 EIF.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIF.CA is up. |
| ChartMill Relative Strength | 80.17 | POSITIVE | EIF.CA has a high relative strength, it outperformed 80.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EIF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EIF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EIF.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.93 | NEUTRAL | The RSI value for EIF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests EIF.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.6 | OVERBOUGHT | The high Stochastics value suggests EIF.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for EIF.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.44 | POSITIVE | The high ADX value value for EIF.CA suggests a strong 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 |
|---|---|---|---|
| 58.45 | 56.79 | 1.66 (2.84%) | 25.00% |
| An entry @58.45. This is a Buy Stop order right above the 10 day high. | An exit @56.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.66 points, which is 2.84%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EIF. Please evaluate whether better entry and exit points can be found.
- 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:EIF (5/23/2025, 7:00:00 PM)
56.81
-0.09 (-0.16%)