BETAPRO S&P/TSX CAPPED ENERG (HED.CA) Stock Technical Analysis
TSX:HED - Toronto Stock Exchange - CA08661A4072 - ETF - Currency: CAD
Overall HED 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, HED is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, HED turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
HED is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HED is lagging the market.
In the last month HED has a been trading in the 23.14 - 30.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although HED has an excellent technical rating, it does not offer a high quality setup 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
21.50
29.68
When analyzing the support we can see 4 important areas.
- Support @23.77 from a trend line in the daily time frame.
- Support @23.05 from a horizontal line in the daily time frame.
- Support @22.32 from a horizontal line in the daily time frame.
- A support zone ranging from 21.72 to 21.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.20 to 28.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 28.98 to 29.39. 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 HED.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HED.CA is up. |
| ChartMill Relative Strength | 48.41 | NEUTRAL | HED.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HED.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HED.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HED.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.6 | NEUTRAL | The RSI value for HED.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HED.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for HED.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.94 | MEDIUM VOLATILITY | The ATR as a percentage value for HED.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for HED.CA suggests a strong trend. |
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)
TSX:HED (3/12/2025, 7:00:00 PM)
26.5
-0.97 (-3.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.53%
1 Week-9.83%
2 Weeks2.16%
1 Month14.97%
3 Month5.16%
6 Month-6.03%
12 Month0.84%
2 Year-36.72%
3 Year-60.85%
5 Year-99.16%
10 Year-98.52%
15 Year-99.77%
Volatility
ATR(14)1.2
ATR(20)%3.94%
ATR Inc-26.82%
Range Today0.83
ADR(20)0.94
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.41
Mansfield0.62
10 Day High30.35
10 Day Low25.28
20 Day High30.35
20 Day Low23.14
52 Week High30.35
52 Week Low20.76
CS1 End23.77
CR1 Start28.2
Volume & EV
DER(3)-7.86%
DER(5)-6.06%
Volume17.76K
Volume Incr-58.67%
Vol(5)16.75K
Vol(50)33.04K