CI First Asset US Buyback Index ETF (FBU.CA) Technical Analysis
TSX:FBU
Current stock price
FBU.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to FBU. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FBU is showing a nice and steady performance.
- 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. We also observe that the gains produced by FBU over the past year are nicely spread over this period.
- A new 52 week high is currently being made by FBU, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so FBU is leading the market.
- 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.
FBU.CA Weekly and Daily overview Charts
FBU.CA Setup Rating and Analysis
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.
More info and screens
FBU.CA Support and Resistance Analysis
32.99
When analyzing the support we can see 4 important areas.
- 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.
FBU.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 FBU.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FBU.CA is up. |
| ChartMill Relative Strength | 76.21 | POSITIVE | FBU.CA has a high relative strength, it outperformed 76.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FBU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FBU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FBU.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.76 | NEUTRAL | The RSI value for FBU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests FBU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.08 | OVERBOUGHT | The high Stochastics value suggests FBU.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for FBU.CA suggests low volalility. |
FBU.CA Chart- and CandleStick Pattern Analysis
FBU.CA Technicals: Chart, Performance Metrics, Trend & Indicators
CI First Asset US Buyback Index ETF
TSX:FBU (4/16/2021, 3:47:24 PM)
39.79
+0.34 (+0.86%)
CI First Asset US Buyback Index ETF / FBU.CA TA FAQ
What is the ChartMill technical rating of CI First Asset US Buyback Index ETF (FBU.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to FBU.CA.
Can you provide the trend direction for CI First Asset US Buyback Index ETF?
The current trend direction for CI First Asset US Buyback Index ETF (FBU.CA) is Bullish.
What is the RSI signal for CI First Asset US Buyback Index ETF (FBU.CA) stock?
CI First Asset US Buyback Index ETF (FBU.CA) has an RSI value of 69.7578. This indicates that the stock is currently neutral.
What is the short term momentum for CI First Asset US Buyback Index ETF (FBU.CA) stock?
The short term momentum for CI First Asset US Buyback Index ETF (FBU.CA) is positive.
What is the support and resistance level for FBU stock?
CI First Asset US Buyback Index ETF (FBU.CA) has a support level at 39.15 and a resistance level at 39.8. Check the full technical report for our detailed analysis of FBU.CA support and resistance levels.