CANOE EIT INCOME FUND (EIT-UN.CA) Stock Technical Analysis
TSX:EIT-UN - Toronto Stock Exchange - CA13780R1091 - Currency: CAD
We assign a technical rating of 0 out of 10 to EIT-UN. EIT-UN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
62% of all other stocks performed better in the past year than EIT-UN.
EIT-UN is part of the Capital Markets industry. There are 81 other stocks in this industry, of which 70% are performing better than EIT-UN.
EIT-UN 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 EIT-UN is lagging the market slightly.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
In the last month EIT-UN has a been trading in a tight range between 15.03 and 15.73.
The technical rating of EIT-UN is bad and it also does not present a 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
14.43
15.94
2 important support areas can be observed.
- A support zone ranging from 15.04 to 15.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.58 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.25 to 15.78. 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 | NEUTRAL | NEUTRAL | The long term trend for EIT-UN.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EIT-UN.CA is down. |
| ChartMill Relative Strength | 38.35 | NEUTRAL | EIT-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EIT-UN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EIT-UN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EIT-UN.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.34 | NEUTRAL | The RSI value for EIT-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EIT-UN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.06 | OVERSOLD | The low Stochastics value suggests EIT-UN.CA may be oversold. |
| Average True Range in percent/ATR (20) | 0.6 | LOW VOLATILITY | The low ATR as a percentage value for EIT-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for EIT-UN.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)
TSX:EIT-UN (8/5/2025, 7:00:00 PM)
15.18
+0.07 (+0.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.46%
1 Week-0.65%
2 Weeks-2.88%
1 Month-2.57%
3 Month-0.72%
6 Month-0.46%
12 Month8.9%
2 Year17.04%
3 Year19.06%
5 Year53.7%
10 Year35.05%
15 Year11.99%
Volatility
ATR(14)0.1
ATR(20)%0.6%
ATR Inc82.61%
Range Today0.08
ADR(20)0.09
ADR(20)%0.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.35
Mansfield-0.68
10 Day High15.6
10 Day Low15.03
20 Day High15.74
20 Day Low15.03
52 Week High15.77
52 Week Low13.26
CS1 End15.14
CR1 Start15.25
Volume & EV
DER(3)3.51%
DER(5)-1.71%
Volume175.18K
Volume Incr6.88%
Vol(5)147.79K
Vol(50)139.29K