CI First Asset Canadian Buyback Index ETF (FBE.CA) Technical Analysis
TSX:FBE
Current stock price
FBE.CA Technical Rating and Analysis
Overall FBE gets a technical rating of 7 out of 10. Although FBE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 63% of all other stocks performed better in the past year than FBE.
- Warning: FBE has an average volume of 1667 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by FBE, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so FBE is leading the market.
- In the last month FBE has a been trading in the 24.30 - 28.62 range, which is quite wide. It is currently trading near the high of this range.
FBE.CA Weekly and Daily overview Charts
FBE.CA Setup Rating and Analysis
Although FBE has an excellent technical rating, it 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
FBE.CA Support and Resistance Analysis
23.25
4 important support areas can be observed.
- A support zone ranging from 25.85 to 26.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.01 to 25.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.24 from a trend line in the daily time frame.
- Support @23.48 from a trend line in the weekly time frame.
FBE.CA Technical Indicator Signal Analysis
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 FBE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBE.CA is up. |
| ChartMill Relative Strength | 37.07 | NEUTRAL | FBE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.42 | OVERBOUGHT | The high RSI value suggests FBE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests FBE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.61 | OVERBOUGHT | The high Stochastics value suggests FBE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for FBE.CA suggests low volalility. |
FBE.CA Chart- and CandleStick Pattern Analysis
FBE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CI First Asset Canadian Buyback Index ETF
TSX:FBE (4/16/2021, 5:40:00 PM)
28.62
+0.14 (+0.49%)
CI First Asset Canadian Buyback Index ETF / FBE.CA TA FAQ
Can you provide the ChartMill technical rating for CI First Asset Canadian Buyback Index ETF?
ChartMill assigns a technical rating of 7 / 10 to FBE.CA.
What is the current trend direction of CI First Asset Canadian Buyback Index ETF (FBE.CA) stock?
The current trend direction for CI First Asset Canadian Buyback Index ETF (FBE.CA) is Bullish.
What is the RSI signal for FBE stock?
CI First Asset Canadian Buyback Index ETF (FBE.CA) has an RSI value of 81.4153. This indicates that the stock is currently overbought.
What is the buy/sell signal for CI First Asset Canadian Buyback Index ETF (FBE.CA) stock?
The buy/sell signal for CI First Asset Canadian Buyback Index ETF (FBE.CA) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CI First Asset Canadian Buyback Index ETF (FBE.CA) stock?
CI First Asset Canadian Buyback Index ETF (FBE.CA) has a support level at 26.38. Check the full technical report for our detailed analysis of FBE.CA support and resistance levels.