PURPOSE ETHER YIELD ETF (ETHY.CA) Stock Technical Analysis
Canada - TSX:ETHY - CA74642R1091 - ETF
4.19 CAD
-0.12 (-2.78%)
We assign a technical rating of 9 out of 10 to ETHY. Both in the recent history as in the last year, ETHY has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
ETHY 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 ETHY is lagging the market slightly.
In the last month ETHY has a been trading in the 4.00 - 4.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that ETHY is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ETHY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 4.05, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
3.09
4.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.95 to 4.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.12 to 3.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.50 to 4.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.67 from a horizontal line in the weekly 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 ETHY.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETHY.CA is up. |
| ChartMill Relative Strength | 83.78 | POSITIVE | ETHY.CA has a high relative strength, it outperformed 83.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETHY.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHY.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ETHY.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.62 | NEUTRAL | The RSI value for ETHY.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ETHY.CA has a negative trend. |
| Stochastics (14,3) | 67.57 | NEUTRAL | The Stochastics value for ETHY.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for ETHY.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.43 | POSITIVE | The high ADX value value for ETHY.CA suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.38 | 4.00 | 0.38 (8.68%) | 11.53% |
| An entry @4.38. This is a Buy Stop order right above the 10 day high. | An exit @4.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.38 points, which is 8.68%. | When investing 11.53% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ETHY (9/19/2025, 7:00:00 PM)
4.19
-0.12 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.78%
1 Week-4.12%
2 Weeks3.2%
1 Month3.71%
3 Month71.72%
6 Month87.05%
12 Month31.76%
2 Year58.71%
3 Year63.67%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%4.11%
ATR Inc-23.7%
Range Today0.09
ADR(20)0.14
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.78
Mansfield1.82
10 Day High4.37
10 Day Low4.01
20 Day High4.55
20 Day Low4
52 Week High4.74
52 Week Low1.62
CS1 End4.05
CR1 Start4.5
Volume & EV
DER(3)2.24%
DER(5)-1.18%
Volume105.59K
Volume Incr-39.92%
Vol(5)90.32K
Vol(50)166.99K