GLOBAL X S&P 500 INDEX ETF (USSX.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:USSX - CA37962A1057 - ETF
We assign a technical rating of 7 out of 10 to USSX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, USSX is only an average performer.
Besides having an excellent technical rating, USSX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 36.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.03, 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
27.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.85 to 36.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.80 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.26 to 36.60. This zone is formed by a combination of multiple trend lines and important moving averages 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 USSX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USSX.CA is up. |
| ChartMill Relative Strength | 50.88 | NEUTRAL | USSX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USSX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USSX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USSX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.88 | NEUTRAL | The RSI value for USSX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests USSX.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.38 | OVERBOUGHT | The high Stochastics value suggests USSX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for USSX.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.32 | NEGATIVE | The low ADX value for USSX.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 |
|---|---|---|---|
| 36.61 | 35.56 | 1.05 (2.87%) | 25.00% |
| An entry @36.61. This is a Buy Stop order right above the resistance zone. | An exit @35.56. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.05 points, which is 2.87%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- 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:USSX (12/5/2025, 7:00:00 PM)
36.13
-0.24 (-0.66%)
GLOBAL X S&P 500 INDEX ETF / USSX.CA FAQ
What is the ChartMill technical rating of GLOBAL X S&P 500 INDEX ETF (USSX.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to USSX.CA.
What is the current trend direction of GLOBAL X S&P 500 INDEX ETF (USSX.CA) stock?
The current trend direction for GLOBAL X S&P 500 INDEX ETF (USSX.CA) is Bullish.
What is the RSI signal for GLOBAL X S&P 500 INDEX ETF (USSX.CA) stock?
GLOBAL X S&P 500 INDEX ETF (USSX.CA) has an RSI value of 51.8761. This indicates that the stock is currently neutral.
What is the short term momentum for USSX stock?
The short term momentum for GLOBAL X S&P 500 INDEX ETF (USSX.CA) is positive.
What is the support and resistance level for USSX stock?
GLOBAL X S&P 500 INDEX ETF (USSX.CA) has a support level at 36.03 and a resistance level at 36.26. Check the full technical report for our detailed analysis of USSX.CA support and resistance levels.