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CANOE EIT INCOME FUND (EIT-UN.CA) Stock Technical Analysis

TSX:EIT-UN - Toronto Stock Exchange - CA13780R1091 - Currency: CAD

15.42  +0.08 (+0.52%)

Technical Rating and Analysis

5

Taking everything into account, EIT-UN scores 5 out of 10 in our technical rating. In the last year, EIT-UN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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.
In the last month EIT-UN has a been trading in the 13.26 - 15.58 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
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 55% of all stocks.
EIT-UN is an average performer in the Capital Markets industry, it outperforms 45% of 83 stocks in the same industry.
Weekly and Daily overview Charts
CANOE EIT INCOME FUND / EIT-UN Weekly stock chart
CANOE EIT INCOME FUND / EIT-UN Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, EIT-UN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 15.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.41, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

13.32

15.94

We found 4 important support areas.

  • A support zone ranging from 15.12 to 15.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 14.63 to 14.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Strong support @14.23 from a horizontal line in the daily time frame.
  • A support zone ranging from 13.45 to 13.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 15.71 to 15.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.4
Mansfield-0.27
10 Day High15.58
10 Day Low13.26
20 Day High15.58
20 Day Low13.26
52 Week High15.77
52 Week Low13.14
Performance
1 Week0.39%
2 Weeks-0.45%
1 Month0.19%
3 Month-0.71%
6 Month7.98%
12 Month16.38%
2 Year16.91%
3 Year15.07%
5 Year52.62%
10 Year20.47%
15 Year14.73%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)51.92
LBB15.14
UBB15.57
CANOE EIT INCOME FUND / EIT-UN Daily stock chart

CANOE EIT INCOME FUND

TSX:EIT-UN (2/13/2025, 7:00:00 PM)

15.42

+0.08 (+0.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.52%
1 Week0.39%
2 Weeks-0.45%
1 Month0.19%
3 Month-0.71%
6 Month7.98%
12 Month16.38%
2 Year16.91%
3 Year15.07%
5 Year52.62%
10 Year20.47%
15 Year14.73%
Volatility
ATR(14)0.3
ATR(20)%1.61%
ATR Inc-66.82%
Range Today0.1
ADR(20)0.23
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.4
Mansfield-0.27
10 Day High15.58
10 Day Low13.26
20 Day High15.58
20 Day Low13.26
52 Week High15.77
52 Week Low13.14
CS1 End15.41
CR1 Start15.71
Volume & EV
DER(3)0.62%
DER(5)-2.57%
Volume158.76K
Volume Incr-0.07%
Vol(5)193.43K
Vol(50)179.35K