HAMILTON CANADIAN FIN YLD (HMAX.CA) Stock Technical Analysis
TSX:HMAX - Toronto Stock Exchange - CA40704M1068 - ETF - Currency: CAD
Taking everything into account, HMAX scores 8 out of 10 in our technical rating. Although HMAX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, HMAX 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 14.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
12.86
We found 3 important support areas.
- A support zone ranging from 14.45 to 14.70. 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.
We found 1 important resistance area.
- A resistance zone ranging from 14.92 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 | 44.92 | 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) | 62.93 | NEUTRAL | The RSI value for HMAX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HMAX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.49 | OVERBOUGHT | The high Stochastics value suggests HMAX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for HMAX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.28 | NEUTRAL | The ADX value for HMAX.CA suggests a possible start of a new 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 |
|---|---|---|---|
| 14.86 | 14.57 | 0.29 (1.95%) | 25.00% |
| An entry @14.86. This is a Buy Stop order right above the 10 day high. | An exit @14.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.29 points, which is 1.95%. | For a 0.49% 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:HMAX (7/21/2025, 7:00:00 PM)
14.77
-0.03 (-0.2%)