MACKENZIE CORE RESOURCES ETF (MORE.CA) Stock Technical Analysis
TSX:MORE - Toronto Stock Exchange - CA55454B1004 - ETF - Currency: CAD
Overall MORE gets a technical rating of 6 out of 10. MORE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, MORE is a bad performer in the overall market: 100% of all stocks are doing better.
Warning: MORE has an average volume of 2484 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month MORE has a been trading in the 22.06 - 24.60 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
MORE has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.25
24.85
We found 3 important support areas.
- A support zone ranging from 22.12 to 23.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.97 from a horizontal line in the daily time frame.
- A support zone ranging from 20.45 to 20.61. 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 MORE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MORE.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MORE.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MORE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MORE.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 71.95 | OVERBOUGHT | The high RSI value suggests MORE.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests MORE.CA has a positive trend. |
| Stochastics (14,3) | 96.97 | OVERBOUGHT | The high Stochastics value suggests MORE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.11 | LOW VOLATILITY | The low ATR as a percentage value for MORE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 25.02 | POSITIVE | The high ADX value value for MORE.CA suggests a strong trend. |
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)
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)
TSX:MORE (6/13/2025, 7:00:00 PM)
24.6
+0.44 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.82%
1 Week3.58%
2 Weeks6.03%
1 Month9.28%
3 Month11.41%
6 Month12.28%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.11%
ATR Inc83.72%
Range Today0
ADR(20)0.11
ADR(20)%0.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High24.6
10 Day Low23.2
20 Day High24.6
20 Day Low22.06
52 Week HighN/A
52 Week LowN/A
CS1 End23.24
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)0.97%
Volume100
Volume Incr92.95%
Vol(5)6.21K
Vol(50)2.48K