CI TECH GIANTS COV CALL (TXF.CA) Stock Technical Analysis
TSX:TXF - CA12555E1034 - ETF
Taking everything into account, TXF scores 5 out of 10 in our technical rating. Although TXF 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, TXF 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 21.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TXF 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.
More info and screens
16.08
We found 2 important support areas.
- A support zone ranging from 20.41 to 21.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.23 to 21.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 22.59 to 22.83. 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 TXF.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TXF.CA is neutral. |
| ChartMill Relative Strength | 39.49 | NEUTRAL | TXF.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXF.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TXF.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TXF.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.61 | NEUTRAL | The RSI value for TXF.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TXF.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.44 | NEUTRAL | The Stochastics value for TXF.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for TXF.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 10.81 | NEGATIVE | The low ADX value for TXF.CA suggests a weak or negative trend. |
TSX:TXF (9/4/2025, 7:00:00 PM)
21.2
+0.06 (+0.28%)