CANOE EIT INCOME FUND (EIT-UN.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:EIT-UN - CA13780R1091
Taking everything into account, EIT-UN scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EIT-UN is a bad performer.
EIT-UN has an average technical rating and the quality of the presented setup is also not ideal 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
We found 3 important support areas.
- A support zone ranging from 15.58 to 15.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.25 to 15.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 14.58 to 14.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.99 to 15.99. 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 EIT-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIT-UN.CA is up. |
| ChartMill Relative Strength | 39.1 | NEUTRAL | EIT-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EIT-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EIT-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EIT-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.59 | NEUTRAL | The RSI value for EIT-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EIT-UN.CA has a positive trend. |
| Stochastics (14,3) | 71.38 | NEUTRAL | The Stochastics value for EIT-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for EIT-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.79 | NEGATIVE | The low ADX value for EIT-UN.CA suggests a weak or negative 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 |
|---|---|---|---|
| 16.00 | 15.61 | 0.39 (2.44%) | 25.00% |
| An entry @16.00. This is a Buy Stop order right above the resistance zone. | An exit @15.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.39 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:EIT-UN (1/6/2026, 7:00:00 PM)
15.98
+0.12 (+0.76%)
CANOE EIT INCOME FUND / EIT-UN.CA FAQ
What is the technical rating for EIT-UN stock?
ChartMill assigns a technical rating of 6 / 10 to EIT-UN.CA.
Can you provide the trend direction for CANOE EIT INCOME FUND?
The current trend direction for CANOE EIT INCOME FUND (EIT-UN.CA) is Bullish.
What is the RSI signal for EIT-UN stock?
CANOE EIT INCOME FUND (EIT-UN.CA) has an RSI value of 67.5863. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CANOE EIT INCOME FUND?
The MACD indicator for CANOE EIT INCOME FUND (EIT-UN.CA) has a value of 0.00901024, indicating a bearish trend.
What is the support and resistance level for EIT-UN stock?
CANOE EIT INCOME FUND (EIT-UN.CA) has a support level at 15.78 and a resistance level at 15.99. Check the full technical report for our detailed analysis of EIT-UN.CA support and resistance levels.