SPDR MSCI Canada Quality Mix ETF (QCAN) Stock Technical Analysis
NYSEARCA:QCAN - NYSE Arca -
We assign a technical rating of 2 out of 10 to QCAN. QCAN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
Warning: QCAN has an average volume of 6832 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the performance of all stocks over the past year, QCAN turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
QCAN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QCAN is lagging the market slightly.
In the last month QCAN has a been trading in a tight range between 58.14 and 60.30.
Considerably lower volume is observed in the last couple of days.
The technical rating of QCAN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
55.94
60.84
2 important support areas can be observed.
- A support zone ranging from 58.36 to 58.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.51 to 56.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 59.05 to 60.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 QCAN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QCAN is down. |
| ChartMill Relative Strength | 50.43 | NEUTRAL | QCAN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QCAN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of QCAN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QCAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.01 | NEUTRAL | The RSI value for QCAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests QCAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.26 | NEUTRAL | The Stochastics value for QCAN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.52 | LOW VOLATILITY | The low ATR as a percentage value for QCAN suggests low volalility. |
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)
SPDR MSCI Canada Quality Mix ETF
NYSEARCA:QCAN (9/17/2018, 8:04:01 PM)
59.03
+0.31 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.53%
1 Week1.17%
2 Weeks-1.58%
1 Month-0.39%
3 Month0.55%
6 Month4.14%
12 Month-0.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%0.52%
ATR Inc-8.77%
Range Today0.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.43
Mansfield-0.71
10 Day High59.73
10 Day Low58.14
20 Day High60.3
20 Day Low58.14
52 Week High62.76
52 Week Low56.36
CS1 End58.97
CR1 Start59.05
Volume & EV
DER(3)0%
DER(5)0%
Volume2.00K
Volume Incr-94.45%
Vol(5)900
Vol(50)6.83K