EVOLVE GLOBAL HEALTHCARE ENH (LIFE.CA) Stock Technical Analysis
TSX:LIFE - Toronto Stock Exchange - CA30051T1012 - ETF - Currency: CAD
Taking everything into account, LIFE scores 3 out of 10 in our technical rating. In the past year, LIFE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, LIFE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.68, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
17.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.43 to 18.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.84 to 18.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @19.01 from a horizontal line in the daily time frame.
- Resistance @19.68 from a trend line in the weekly time frame.
- Resistance @20.01 from a trend line in the daily time frame.
- Resistance @20.66 from a horizontal line in the daily time frame.
- A resistance zone ranging from 21.08 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 | DOWN | NEGATIVE | The long term trend for LIFE.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for LIFE.CA is up. |
| ChartMill Relative Strength | 15.89 | NEGATIVE | LIFE.CA has a low relative strength, it was outperformed by 84.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LIFE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LIFE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LIFE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.99 | NEUTRAL | The RSI value for LIFE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests LIFE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.42 | OVERBOUGHT | The high Stochastics value suggests LIFE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for LIFE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for LIFE.CA suggests a weak or negative trend. |
TSX:LIFE (7/29/2025, 7:00:00 PM)
18.71
-0.08 (-0.43%)