MACKENZIE UNCONSTRAINED BOND (MUB.CA) Stock Technical Analysis
TSX:MUB - Toronto Stock Exchange - CA55454N1042 - ETF - Currency: CAD
Overall MUB gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MUB was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, MUB does present a nice setup opportunity. 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 18.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MUB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
17.27
We found 2 important support areas.
- A support zone ranging from 17.86 to 18.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.44 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.33 to 18.75. 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 | NEUTRAL | NEUTRAL | The long term trend for MUB.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MUB.CA is up. |
| ChartMill Relative Strength | 26.71 | NEGATIVE | MUB.CA has a low relative strength, it was outperformed by 73.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MUB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MUB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MUB.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.35 | NEUTRAL | The RSI value for MUB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MUB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.51 | OVERBOUGHT | The high Stochastics value suggests MUB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for MUB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 30.18 | POSITIVE | The high ADX value value for MUB.CA suggests a strong trend. |
TSX:MUB (8/1/2025, 7:00:00 PM)
18.33
-0.02 (-0.08%)