HAMILTON US EQ YLD MAX ETF (SMAX.CA) Stock Technical Analysis
TSX:SMAX - Toronto Stock Exchange - CA4079161051 - ETF - Currency: CAD
Taking everything into account, SMAX scores 6 out of 10 in our technical rating. In the last year, SMAX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, SMAX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SMAX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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16.43
We found 2 important support areas.
- A support zone ranging from 18.48 to 18.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.60 to 16.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 18.99 to 19.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @20.27 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.91 to 21.00. 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 SMAX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMAX.CA is up. |
| ChartMill Relative Strength | 36.33 | NEUTRAL | SMAX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMAX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SMAX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMAX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.25 | NEUTRAL | The RSI value for SMAX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SMAX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.3 | OVERBOUGHT | The high Stochastics value suggests SMAX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.73 | LOW VOLATILITY | The low ATR as a percentage value for SMAX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.58 | NEGATIVE | The low ADX value for SMAX.CA suggests a weak or negative 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 |
|---|---|---|---|
| 19.01 | 18.62 | 0.39 (2.05%) | 25.00% |
| An entry @19.01. This is a Buy Stop order right above the 10 day high. | An exit @18.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.39 points, which is 2.05%. | For a 0.51% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:SMAX (7/11/2025, 7:00:00 PM)
18.95
-0.01 (-0.05%)