CANOE EIT INCOME FUND (EIT-UN.CA) Stock Technical Analysis
TSX:EIT-UN - CA13780R1091
Taking everything into account, EIT-UN scores 3 out of 10 in our technical rating. EIT-UN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, EIT-UN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.27, a Stop Loss order could be placed below this zone.
More info and screens
14.43
We found 2 important support areas.
- A support zone ranging from 15.04 to 15.27. 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 multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.33 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 | NEUTRAL | NEUTRAL | The long term trend for EIT-UN.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EIT-UN.CA is neutral. |
| ChartMill Relative Strength | 36.61 | 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) | DOWN | NEGATIVE | The current price of EIT-UN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EIT-UN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.21 | 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) | 68.47 | NEUTRAL | The Stochastics value for EIT-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for EIT-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.63 | POSITIVE | The high ADX value value for EIT-UN.CA suggests a strong trend. |
TSX:EIT-UN (8/29/2025, 7:00:00 PM)
15.32
+0.09 (+0.59%)