CI CANADIAN REIT ETF (RIT.CA) Stock Technical Analysis
TSX:RIT - Toronto Stock Exchange - CA12554R1055 - ETF - Currency: CAD
We assign a technical rating of 4 out of 10 to RIT. RIT was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
RIT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 16.91, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RIT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
14.48
We found 2 important support areas.
- A support zone ranging from 16.51 to 16.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.63 to 14.99. 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 RIT.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIT.CA is neutral. |
| ChartMill Relative Strength | 38.83 | NEUTRAL | RIT.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RIT.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RIT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RIT.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | NEUTRAL | The RSI value for RIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests RIT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.5 | NEUTRAL | The Stochastics value for RIT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for RIT.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.01 | NEGATIVE | The low ADX value for RIT.CA suggests a weak or negative trend. |
TSX:RIT (8/14/2025, 7:00:00 PM)
16.93
0 (0%)