CANOE EIT INCOME FUND (EIT-UN.CA) Stock Technical Analysis
TSX:EIT-UN • CA13780R1091
Overall EIT-UN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EIT-UN is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- EIT-UN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month EIT-UN has a been trading in the 15.98 - 17.08 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 compared to the yearly performance of all other stocks, EIT-UN outperforms 50% of them, which is more or less in line with the market.
- EIT-UN is part of the Capital Markets industry. There are 82 other stocks in this industry, EIT-UN did better than 62% of them.
EIT-UN has an excellent technical rating, but the quality of the setup is only medium 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
When analyzing the support we can see 4 important areas.
- A support zone ranging from 16.63 to 16.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.66 to 16.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.11 to 15.25. 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.
- Resistance @17.05 from a horizontal line in the daily time frame.
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 | 50.1 | 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) | 66.8 | 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) | 81.82 | OVERBOUGHT | The high Stochastics value suggests EIT-UN.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for EIT-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 29.98 | POSITIVE | The high ADX value value for EIT-UN.CA suggests a strong trend. |
TSX:EIT-UN (2/13/2026, 7:00:00 PM)
16.96
+0.09 (+0.53%)
CANOE EIT INCOME FUND / EIT-UN.CA FAQ
What is the technical rating for EIT-UN stock?
ChartMill assigns a technical rating of 8 / 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 66.7997. 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 0.0151288, 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 16.22 and a resistance level at 16.89. Check the full technical report for our detailed analysis of EIT-UN.CA support and resistance levels.