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CI First Asset US Buyback Index ETF (FBU.CA) Stock Technical Analysis

TSX:FBU - Toronto Stock Exchange -

39.79  +0.34 (+0.86%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to FBU. Both in the recent history as in the last year, FBU has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: FBU has an average volume of 1719 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FBU did better than 76% of all other stocks. On top of that, FBU also shows a nice and consistent pattern of rising prices.
A new 52 week high is currently being made by FBU, 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 FBU has a been trading in the 37.14 - 39.80 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
CI First Asset US Buyback Index ETF / FBU Weekly stock chart
CI First Asset US Buyback Index ETF / FBU Daily stock chart
Setup Rating and Analysis

3

Although FBU has an excellent technical rating, it does not present a decent entry opportunity 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.

Support and Resistance Analysis

32.99

40.20

4 important support areas can be observed.

  • A support zone ranging from 38.62 to 39.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 35.23 to 35.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @34.14 from a trend line in the daily time frame.
  • Support @33.32 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 39.80 to 39.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for FBU.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for FBU.CA is up.
ChartMill Relative Strength76.21POSITIVEFBU.CA has a high relative strength, it outperformed 76.21% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of FBU.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of FBU.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of FBU.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)69.76NEUTRALThe RSI value for FBU.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.04NEGATIVEThe MACD value suggests FBU.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)96.08OVERBOUGHTThe high Stochastics value suggests FBU.CA may be overbought.
Average True Range in percent/ATR (20)0.89LOW VOLATILITYThe low ATR as a percentage value for FBU.CA suggests low volalility.
Chart- and CandleStick Pattern Analysis
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 US Buyback Index ETF / FBU Daily stock chart

CI First Asset US Buyback Index ETF

TSX:FBU (4/16/2021, 3:47:24 PM)

39.79

+0.34 (+0.86%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.86%
1 Week1.74%
2 Weeks3.22%
1 Month4.63%
3 Month11.39%
6 Month36.59%
12 Month117.79%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%0.89%
ATR Inc-9.51%
Range Today0.1
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
CRS76.21
Mansfield0.87
10 Day High39.8
10 Day Low38.56
20 Day High39.8
20 Day Low37.14
52 Week High39.8
52 Week Low17.39
CS1 End39.15
CR1 Start39.8
Volume & EV
DER(3)0.85%
DER(5)0.51%
Volume2.80K
Volume Incr158.8%
Vol(5)5.01K
Vol(50)1.72K