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GLOBAL X S&P 500 INDEX CORPO (HXS.CA) Stock Technical Analysis

TSX:HXS - Toronto Stock Exchange - CA37964P1009 - ETF - Currency: CAD

88.26  -0.93 (-1.04%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to HXS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HXS is showing a nice and steady performance.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, HXS did better than 74% of all other stocks. On top of that, HXS also shows a nice and consistent pattern of rising prices.
HXS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month HXS has a been trading in the 85.33 - 90.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.

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Weekly and Daily overview Charts
GLOBAL X S&P 500 INDEX CORPO / HXS Weekly stock chart
GLOBAL X S&P 500 INDEX CORPO / HXS Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, HXS also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 88.19, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

83.67

91.05

We found 1 important support area.

  • A support zone ranging from 84.52 to 88.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 88.86 to 90.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.89
Mansfield0.36
10 Day High90.93
10 Day Low87.23
20 Day High90.93
20 Day Low85.33
52 Week High90.93
52 Week Low67.9
Performance
1 Week-1.92%
2 Weeks-1.68%
1 Month2.41%
3 Month3.36%
6 Month17.76%
12 Month28.4%
2 Year62.06%
3 Year60.39%
5 Year129.58%
10 Year274.94%
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.16
RSI(14)47.82
LBB88.19
UBB90.57

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
89.2887.222.06 (2.31%)25.00%
An entry @89.28. This is a Buy Stop order right above the 10 day moving average.An exit @87.22. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 2.06 points, which is 2.31%.For a 0.58% 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.

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GLOBAL X S&P 500 INDEX CORPO / HXS Daily stock chart

GLOBAL X S&P 500 INDEX CORPO

TSX:HXS (2/7/2025, 7:00:00 PM)

88.26

-0.93 (-1.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.04%
1 Week-1.92%
2 Weeks-1.68%
1 Month2.41%
3 Month3.36%
6 Month17.76%
12 Month28.4%
2 Year62.06%
3 Year60.39%
5 Year129.58%
10 Year274.94%
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%1.31%
ATR Inc-32.28%
Range Today1.13
ADR(20)0.91
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.89
Mansfield0.36
10 Day High90.93
10 Day Low87.23
20 Day High90.93
20 Day Low85.33
52 Week High90.93
52 Week Low67.9
CS1 End88.19
CR1 Start88.86
Volume & EV
DER(3)2.54%
DER(5)2.39%
Volume27.28K
Volume Incr46.38%
Vol(5)57.70K
Vol(50)40.68K