CI First Asset Canadian Buyback Index ETF (FBE.CA) Stock Technical Analysis
TSX:FBE - Toronto Stock Exchange -
Taking everything into account, FBE scores 7 out of 10 in our technical rating. Although FBE is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, FBE is a bad performer in the overall market: 63% of all stocks are doing better.
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! However, this is in line with the S&P500, which is also trading near new highs.
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.
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
23.25
28.91
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.
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. |
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)
CI First Asset Canadian Buyback Index ETF
TSX:FBE (4/16/2021, 5:40:00 PM)
28.62
+0.14 (+0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.49%
1 Week3.4%
2 Weeks12.1%
1 Month12.59%
3 Month16.11%
6 Month37.99%
12 Month12.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%1.09%
ATR Inc-42.43%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.07
Mansfield0.15
10 Day High28.62
10 Day Low26.34
20 Day High28.62
20 Day Low24.3
52 Week High28.62
52 Week Low15.08
CS1 End26.38
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-44.2%
Vol(5)1.36K
Vol(50)1.67K