HAMILTON UTILITIES YLD MAXI (UMAX.CA) Stock Technical Analysis
TSX:UMAX - CA4081251023 - ETF
We assign a technical rating of 4 out of 10 to UMAX. In the past year, UMAX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is only medium, UMAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.73, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
13.08
2 important support areas can be observed.
- A support zone ranging from 13.49 to 13.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.78 to 14.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 15.17 to 15.27. 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 | NEUTRAL | NEUTRAL | The long term trend for UMAX.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UMAX.CA is up. |
| ChartMill Relative Strength | 20.06 | NEGATIVE | UMAX.CA has a low relative strength, it was outperformed by 79.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UMAX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UMAX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UMAX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.01 | NEUTRAL | The RSI value for UMAX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests UMAX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.07 | NEUTRAL | The Stochastics value for UMAX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.65 | LOW VOLATILITY | The low ATR as a percentage value for UMAX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.52 | NEGATIVE | The low ADX value for UMAX.CA suggests a weak or negative trend. |
TSX:UMAX (8/27/2025, 7:00:00 PM)
13.77
+0.03 (+0.22%)