GLB X EQ WE CN BN ID ETF-HBC (HBNK.CA) Stock Technical Analysis
Canada - TSX:HBNK - CA3799461064 - ETF
Overall HBNK gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HBNK is only an average performer.
Besides having an excellent technical rating, HBNK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 31.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.33, a Stop Loss order could be placed below this zone.
More info and screens
24.11
We found 3 important support areas.
- A support zone ranging from 30.89 to 31.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.82 to 30.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.35 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 31.38 to 31.58. 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 HBNK.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HBNK.CA is up. |
| ChartMill Relative Strength | 69.25 | NEUTRAL | HBNK.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HBNK.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HBNK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HBNK.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.59 | NEUTRAL | The RSI value for HBNK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HBNK.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.82 | NEUTRAL | The Stochastics value for HBNK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for HBNK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 43.27 | POSITIVE | The high ADX value value for HBNK.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 |
|---|---|---|---|
| 31.59 | 30.88 | 0.71 (2.25%) | 25.00% |
| An entry @31.59. This is a Buy Stop order right above the resistance zone. | An exit @30.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.71 points, which is 2.25%. | For a 0.56% 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:HBNK (10/22/2025, 7:00:00 PM)
31.34
+0.01 (+0.03%)