CANOE EIT INCOME FUND (EIT-UN.CA) Stock Technical Analysis
TSX:EIT-UN - Toronto Stock Exchange - CA13780R1091 - Currency: CAD
Taking everything into account, EIT-UN scores 8 out of 10 in our technical rating. Although EIT-UN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
EIT-UN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EIT-UN is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, EIT-UN outperforms 63% of them, which is more or less in line with the market.
EIT-UN is part of the Capital Markets industry. There are 83 other stocks in this industry, EIT-UN did better than 59% of them.
In the last month EIT-UN has a been trading in the 14.75 - 15.69 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although EIT-UN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
14.00
15.94
We found 3 important support areas.
- A support zone ranging from 15.04 to 15.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.58 to 14.80. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @14.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.47 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 | 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 | 63.6 | 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) | 54.47 | NEUTRAL | The RSI value for EIT-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EIT-UN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.3 | NEUTRAL | The Stochastics value for EIT-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for EIT-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.96 | NEUTRAL | The ADX value for EIT-UN.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:EIT-UN (5/23/2025, 7:00:00 PM)
15.34
-0.23 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-1.48%
1 Week-0.97%
2 Weeks0.72%
1 Month3.09%
3 Month0.2%
6 Month-1.16%
12 Month10.2%
2 Year22.92%
3 Year8.1%
5 Year66.46%
10 Year22.11%
15 Year15.55%
Volatility
ATR(14)0.13
ATR(20)%0.84%
ATR Inc52.09%
Range Today0.13
ADR(20)0.11
ADR(20)%0.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.6
Mansfield0.18
10 Day High15.69
10 Day Low15.21
20 Day High15.69
20 Day Low14.75
52 Week High15.77
52 Week Low13.26
CS1 End15.22
CR1 Start15.47
Volume & EV
DER(3)-0.01%
DER(5)2.18%
Volume148.69K
Volume Incr28.91%
Vol(5)177.10K
Vol(50)181.51K