GIVEX CORP (GIVX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:GIVX - CA37638G1063 - Common Stock
Taking everything into account, GIVX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, GIVX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that GIVX is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by GIVX over the past year are nicely spread over this period.
- GIVX is one of the better performing stocks in the Financial Services industry, it outperforms 100% of 28 stocks in the same industry.
- GIVX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month GIVX has a been trading in a tight range between 1.48 and 1.50.
- Considerably lower volume is observed in the last couple of days.
GIVX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.49, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
0.76
We found 4 important support areas.
- A support zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.89 from a trend line in the weekly time frame.
- Support @0.79 from a trend line in the weekly time frame.
- Support @0.77 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.51 to 1.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 GIVX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GIVX.CA is up. |
| ChartMill Relative Strength | 97.86 | POSITIVE | GIVX.CA has a high relative strength, it outperformed 97.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GIVX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GIVX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GIVX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.99 | NEUTRAL | The RSI value for GIVX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GIVX.CA has a negative trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for GIVX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.44 | LOW VOLATILITY | The low ATR as a percentage value for GIVX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 73.73 | POSITIVE | The high ADX value value for GIVX.CA suggests a strong trend. |
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 |
|---|---|---|---|
| 1.51 | 1.47 | 0.04 (2.65%) | 25.00% |
| An entry @1.51. This is a Buy Stop order right above the 10 day high. | An exit @1.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 2.65%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:GIVX (11/11/2024, 7:00:00 PM)
1.49
-0.01 (-0.67%)
GIVEX CORP / GIVX.CA FAQ
What is the ChartMill technical rating of GIVEX CORP (GIVX.CA) stock?
ChartMill assigns a technical rating of 10 / 10 to GIVX.CA.
What is the trend direction for GIVX stock?
The current trend direction for GIVEX CORP (GIVX.CA) is Bullish.
What is the RSI signal for GIVX stock?
GIVEX CORP (GIVX.CA) has an RSI value of 62.992. This indicates that the stock is currently neutral.
What is the buy/sell signal for GIVX stock?
The buy/sell signal for GIVEX CORP (GIVX.CA) is buy as both the short term and long term trends are positive.
What is the support and resistance level for GIVX stock?
GIVEX CORP (GIVX.CA) has a support level at 1.49 and a resistance level at 1.51. Check the full technical report for our detailed analysis of GIVX.CA support and resistance levels.