RBC TARGET 2028 CANADIAN COR (RQQ.CA) Stock Technical Analysis
TSX:RQQ - Toronto Stock Exchange - CA75528N1042 - ETF - Currency: CAD
Taking everything into account, RQQ 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, RQQ is a bad performer.
70% of all other stocks performed better in the past year than RQQ.
Warning: RQQ has an average volume of 11657 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
RQQ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RQQ is lagging the market.
In the last month RQQ has a been trading in a tight range between 21.95 and 22.40.
Volume is considerably higher in the last couple of days.
RQQ 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 a support zone below the current price at 22.10, a Stop Loss order could be placed below this zone.
More info and screens
20.87
22.48
2 important support areas can be observed.
- A support zone ranging from 21.65 to 22.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.08 to 21.13. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 22.16 to 22.26. 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 RQQ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RQQ.CA is up. |
| ChartMill Relative Strength | 30.1 | NEUTRAL | RQQ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RQQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RQQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RQQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.43 | NEUTRAL | The RSI value for RQQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RQQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.75 | NEUTRAL | The Stochastics value for RQQ.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for RQQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 31.17 | POSITIVE | The high ADX value value for RQQ.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)
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 |
|---|---|---|---|
| 22.41 | 22.06 | 0.35 (1.56%) | 25.00% |
| An entry @22.41. This is a Buy Stop order right above the 10 day high. | An exit @22.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.35 points, which is 1.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- 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:RQQ (8/19/2025, 7:00:00 PM)
22.11
+0.02 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week0.09%
2 Weeks0.09%
1 Month0.23%
3 Month0.59%
6 Month0.45%
12 Month1.38%
2 Year8.17%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.22%
ATR Inc-39.13%
Range Today0.01
ADR(20)0.04
ADR(20)%0.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.1
Mansfield-0.79
10 Day High22.4
10 Day Low22.07
20 Day High22.4
20 Day Low21.95
52 Week High22.4
52 Week Low21.65
CS1 End22.1
CR1 Start22.16
Volume & EV
DER(3)0.39%
DER(5)0.27%
Volume4.53K
Volume Incr476.79%
Vol(5)45.65K
Vol(50)11.66K