CANOE EIT INCOME FUND (EIT-UN.CA) Technical Analysis
TSX:EIT-UN • CA13780R1091
We assign a technical rating of 4 out of 10 to EIT-UN. EIT-UN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- 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.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, EIT-UN turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- EIT-UN is an average performer in the Capital Markets industry, it outperforms 55% of 82 stocks in the same industry.
- In the last month EIT-UN has a been trading in the 16.18 - 17.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EIT-UN has an average technical rating and it also 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
14.44
We found 3 important support areas.
- A support zone ranging from 15.68 to 15.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.11 to 15.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @14.59 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.52 to 17.26. 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 | DOWN | NEGATIVE | The short term trend for EIT-UN.CA is down. |
| ChartMill Relative Strength | 47.52 | 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) | UP | MIXED | The current price of EIT-UN.CA is below 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) | 38.43 | NEUTRAL | The RSI value for EIT-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests EIT-UN.CA has a negative trend. |
| Stochastics (14,3) | 34.95 | NEUTRAL | The Stochastics value for EIT-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for EIT-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.77 | POSITIVE | The high ADX value value for EIT-UN.CA suggests a strong trend. |
EIT-UN.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:EIT-UN (3/12/2026, 7:00:00 PM)
16.5
-0.04 (-0.24%)
CANOE EIT INCOME FUND / EIT-UN.CA FAQ
What is the technical rating for EIT-UN stock?
ChartMill assigns a technical rating of 4 / 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 38.4325. 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 -0.099643, 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 15.94 and a resistance level at 16.52. Check the full technical report for our detailed analysis of EIT-UN.CA support and resistance levels.