HAMILTON ENHANCED CANADIAN F (HFIN.CA) Stock Technical Analysis
TSX:HFIN - Toronto Stock Exchange - CA4073641082 - ETF - Currency: CAD
Overall HFIN 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, HFIN is showing a nice and steady performance.
Besides having an excellent technical rating, HFIN also presents 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 21.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HFIN in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.77
We found 3 important support areas.
- A support zone ranging from 20.79 to 20.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.73 from a trend line in the weekly time frame.
- A support zone ranging from 17.95 to 18.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.02 to 21.17. 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 HFIN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HFIN.CA is up. |
| ChartMill Relative Strength | 81.84 | POSITIVE | HFIN.CA has a high relative strength, it outperformed 81.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HFIN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HFIN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HFIN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.94 | NEUTRAL | The RSI value for HFIN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HFIN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.9 | NEUTRAL | The Stochastics value for HFIN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for HFIN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.56 | POSITIVE | The high ADX value value for HFIN.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 |
|---|---|---|---|
| 21.18 | 20.77 | 0.41 (1.94%) | 25.00% |
| An entry @21.18. This is a Buy Stop order right above the resistance zone. | An exit @20.77. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.41 points, which is 1.94%. | For a 0.48% 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:HFIN (6/20/2025, 7:00:00 PM)
21
+0.06 (+0.29%)