HAMILTON CANADIAN FIN YLD (HMAX.CA) Stock Technical Analysis
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.
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12.86
3 important support areas can be observed.
- A support zone ranging from 14.33 to 14.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.21 from a horizontal line in the weekly time frame.
- Support @12.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.93 to 15.04. 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 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%. |
- 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:HMAX (7/11/2025, 7:00:00 PM)
14.645
-0.07 (-0.44%)