TSX:HMAX - Toronto Stock Exchange - CA40704M1068 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to HMAX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HMAX is only an average performer.
Besides having an excellent technical rating, HMAX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.64, a Stop Loss order could be placed below this zone.
12.86
3 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 HMAX.CA is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HMAX.CA is up. |
ChartMill Relative Strength | 50.08 | NEUTRAL | HMAX.CA is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HMAX.CA is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HMAX.CA is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HMAX.CA is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 59.85 | NEUTRAL | The RSI value for HMAX.CA is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HMAX.CA has a negative trend. |
Stochastics (14,3) | 82.27 | OVERBOUGHT | The high Stochastics value suggests HMAX.CA may be overbought. |
Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for HMAX.CA suggests low volalility. |
Average Directional Index/ADX (14) | 19.17 | NEGATIVE | The low ADX value for HMAX.CA suggests a weak or negative 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 |
---|---|---|---|
14.75 | 14.50 | 0.25 (1.69%) | 25.00% |
An entry @14.75. This is a Buy Stop order right above the 10 day high. | An exit @14.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.25 points, which is 1.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
TSX:HMAX (7/11/2025, 7:00:00 PM)
14.645
-0.07 (-0.44%)