GLOBAL X EQWT CDN TEL INDX (RING.CA) Stock Technical Analysis
TSX:RING - CA37965C1086 - ETF
We assign a technical rating of 6 out of 10 to RING. Although RING is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, RING does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.20, a Stop Loss order could be placed below this zone.
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16.94
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.75 to 19.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.29 from a horizontal line in the daily time frame.
- Support @17.11 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 19.37 to 19.91. 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 RING.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RING.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | RING.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RING.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RING.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 49.48 | NEUTRAL | The RSI value for RING.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests RING.CA has a negative trend. |
| Stochastics (14,3) | 17.61 | OVERSOLD | The low Stochastics value suggests RING.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for RING.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.74 | NEUTRAL | The ADX value for RING.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 |
|---|---|---|---|
| 19.38 | 19.14 | 0.24 (1.23%) | 25.00% |
| An entry @19.38. This is a Buy Stop order right above the 10 day moving average. | An exit @19.14. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.24 points, which is 1.23%. | For a 0.31% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of RING. Please evaluate whether better entry and exit points can be found.
- 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:RING (9/10/2025, 7:00:00 PM)
19.215
-0.11 (-0.59%)