EVOLVE E-GAMING INDEX ETF (HERO.CA) Technical Analysis
TSX:HERO • CA30052Y1097
Current stock price
HERO.CA Technical Rating and Analysis
Taking everything into account, HERO scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. HERO was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, HERO is a bad performer in the overall market: 79% of all stocks are doing better.
- HERO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: HERO has an average volume of 4140 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month HERO has a been trading in the 37.17 - 39.90 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Considerably lower volume is observed in the last couple of days.
HERO.CA Weekly and Daily overview Charts
HERO.CA Setup Rating and Analysis
HERO has a poor technical rating and the quality of the setup is also not perfect 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
HERO.CA Support and Resistance Analysis
36.79
We found 1 important support area.
- A support zone ranging from 37.16 to 39.15. 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 39.63 to 40.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.95 from a horizontal line in the daily time frame.
HERO.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for HERO.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HERO.CA is up. |
| ChartMill Relative Strength | 21.86 | NEGATIVE | HERO.CA has a low relative strength, it was outperformed by 78.14% 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) | DOWN | MIXED | The current price of HERO.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HERO.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.62 | NEUTRAL | The RSI value for HERO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests HERO.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.6 | OVERBOUGHT | The high Stochastics value suggests HERO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for HERO.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.81 | NEGATIVE | The low ADX value for HERO.CA suggests a weak or negative trend. |
HERO.CA Chart- and CandleStick Pattern Analysis
HERO.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:HERO (4/21/2026, 7:00:00 PM)
39.27
-0.54 (-1.36%)
EVOLVE E-GAMING INDEX ETF / HERO.CA TA FAQ
Can you provide the ChartMill technical rating for EVOLVE E-GAMING INDEX ETF?
ChartMill assigns a technical rating of 2 / 10 to HERO.CA.
What is the current trend direction of EVOLVE E-GAMING INDEX ETF (HERO.CA) stock?
The current trend direction for EVOLVE E-GAMING INDEX ETF (HERO.CA) is Bearish.
What is the RSI signal for EVOLVE E-GAMING INDEX ETF (HERO.CA) stock?
EVOLVE E-GAMING INDEX ETF (HERO.CA) has an RSI value of 54.6202. This indicates that the stock is currently neutral.
What is the short term momentum for EVOLVE E-GAMING INDEX ETF (HERO.CA) stock?
The short term momentum for EVOLVE E-GAMING INDEX ETF (HERO.CA) is positive.
What are the support and resistance levels for EVOLVE E-GAMING INDEX ETF (HERO.CA) stock?
EVOLVE E-GAMING INDEX ETF (HERO.CA) has a support level at 39.15 and a resistance level at 39.63. Check the full technical report for our detailed analysis of HERO.CA support and resistance levels.