GLOBAL X EQWT CDN TEL INDX (RING.CA) Stock Technical Analysis
TSX:RING - Toronto Stock Exchange - CA37965C1086 - ETF - Currency: CAD
Overall RING gets a technical rating of 7 out of 10. Although RING is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
100% of all other stocks performed better in the past year than RING.
Warning: RING has an average volume of 25936 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month RING has a been trading in the 16.79 - 18.80 range, which is quite wide. It is currently trading near the high of this range.
Although RING has an excellent technical rating, it does not offer a high 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
15.83
18.93
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.54 to 17.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.96 to 17.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.46 to 16.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.99 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.74 to 18.74. 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 RING.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RING.CA is up. |
| 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 | POSITIVE | The current price of RING.CA is above 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) | 83.78 | OVERBOUGHT | The high RSI value suggests RING.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests RING.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.6 | OVERBOUGHT | The high Stochastics value suggests RING.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for RING.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 41.73 | POSITIVE | The high ADX value value for RING.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:RING (7/11/2025, 7:00:00 PM)
18.73
+0.08 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.43%
1 Week3.94%
2 Weeks8.96%
1 Month9.4%
3 Month18.39%
6 Month5.58%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.21%
ATR Inc5.16%
Range Today0.22
ADR(20)0.2
ADR(20)%1.08%
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 High18.8
10 Day Low17.07
20 Day High18.8
20 Day Low16.79
52 Week HighN/A
52 Week LowN/A
CS1 End17.58
CR1 Start18.74
Volume & EV
DER(3)1.77%
DER(5)4.41%
Volume39.88K
Volume Incr-17.63%
Vol(5)26.33K
Vol(50)25.94K