BALANCED INCOME & GROWTH ETF (HBIG.CA) Stock Technical Analysis
TSX:HBIG - CA41751V1067 - ETF
We assign a technical rating of 6 out of 10 to HBIG. HBIG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
HBIG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.79, a Stop Loss order could be placed below this zone.
More info and screens
22.95
We found 1 important support area.
- A support zone ranging from 23.18 to 23.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 23.95 to 24.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 24.57 to 24.57. This zone is formed by a combination of multiple trend lines in the daily 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 HBIG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HBIG.CA is up. |
| ChartMill Relative Strength | 21.74 | NEGATIVE | HBIG.CA has a low relative strength, it was outperformed by 78.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HBIG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HBIG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HBIG.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.71 | NEUTRAL | The RSI value for HBIG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HBIG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.48 | OVERBOUGHT | The high Stochastics value suggests HBIG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.46 | LOW VOLATILITY | The low ATR as a percentage value for HBIG.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 9.42 | NEGATIVE | The low ADX value for HBIG.CA suggests a weak or negative 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 |
|---|---|---|---|
| 23.99 | 23.67 | 0.32 (1.33%) | 25.00% |
| An entry @23.99. This is a Buy Stop order right above the 10 day high. | An exit @23.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.32 points, which is 1.33%. | For a 0.33% 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:HBIG (9/4/2025, 7:00:00 PM)
23.8
-0.04 (-0.17%)