ARROW EC INCOME ADVANTAGE AL (RATE.CA) Stock Technical Analysis
TSX:RATE - Toronto Stock Exchange - CA04273V1031 - ETF - Currency: CAD
Taking everything into account, RATE scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, RATE is a bad performer.
RATE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 21.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
20.71
We found 1 important support area.
- A support zone ranging from 20.92 to 21.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 21.22 to 21.26. 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 | UP | POSITIVE | The long term trend for RATE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RATE.CA is up. |
| ChartMill Relative Strength | 35.95 | NEUTRAL | RATE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RATE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RATE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RATE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.99 | NEUTRAL | The RSI value for RATE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RATE.CA has a negative trend. |
| Stochastics (14,3) | 59.44 | NEUTRAL | The Stochastics value for RATE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for RATE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.18 | NEUTRAL | The ADX value for RATE.CA suggests a possible start of a new trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.23 | 21.16 | 0.07 (0.33%) | 25.00% |
| An entry @21.23. This is a Buy Stop order right above the 10 day moving average. | An exit @21.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%. |
- 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.
TSX:RATE (6/6/2025, 7:00:00 PM)
21.22
0 (0%)