EVOLVE E-GAMING INDEX ETF (HERO.CA) Stock Technical Analysis
TSX:HERO - Toronto Stock Exchange - CA30052Y1097 - ETF - Currency: CAD
Overall HERO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HERO is showing a nice and steady performance.
Warning: HERO has an average volume of 1737 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.
When comparing the yearly performance of all stocks, we notice that HERO is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by HERO over the past year are nicely spread over this period.
A new 52 week high is currently being made by HERO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month HERO has a been trading in the 41.22 - 46.06 range, which is quite wide. It is currently trading near the high of this range.
Although HERO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
33.26
46.52
When analyzing the support we can see 4 important areas.
- A support zone ranging from 41.24 to 41.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.36 from a trend line in the weekly time frame.
- A support zone ranging from 34.69 to 35.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @33.60 from a horizontal line 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 HERO.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HERO.CA is up. |
| ChartMill Relative Strength | 86.2 | POSITIVE | HERO.CA has a high relative strength, it outperformed 86.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HERO.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HERO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HERO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.38 | OVERBOUGHT | The high RSI value suggests HERO.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests HERO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.77 | OVERBOUGHT | The high Stochastics value suggests HERO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for HERO.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 47.14 | POSITIVE | The high ADX value value for HERO.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:HERO (6/23/2025, 7:00:00 PM)
46.06
+0.41 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.9%
1 Week3.07%
2 Weeks6.03%
1 Month10.32%
3 Month23.35%
6 Month29.82%
12 Month48.87%
2 Year63.97%
3 Year68.53%
5 Year57.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%0.89%
ATR Inc-17.44%
Range Today0.15
ADR(20)0.1
ADR(20)%0.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.2
Mansfield2.37
10 Day High46.06
10 Day Low43.61
20 Day High46.06
20 Day Low41.22
52 Week High46.06
52 Week Low30.03
CS1 End41.24
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0%
Volume1.32K
Volume Incr246.7%
Vol(5)2.12K
Vol(50)1.74K