ISHARES S&P/TSX CAPPED INFO (XIT.CA) Stock Technical Analysis
TSX:XIT - Toronto Stock Exchange - CA46428N1069 - ETF - Currency: CAD
Overall XIT gets a technical rating of 8 out of 10. Although XIT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
XIT has an excellent technical rating and also presents a decent setup pattern. 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 resistance zone just above the current price starting at 68.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.66, a Stop Loss order could be placed below this zone.
More info and screens
49.66
4 important support areas can be observed.
- A support zone ranging from 66.72 to 68.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.32 from a trend line in the weekly time frame.
- A support zone ranging from 56.85 to 57.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @50.16 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 68.71 to 69.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 77.01 to 77.44. 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 XIT.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XIT.CA is up. |
| ChartMill Relative Strength | 79.13 | POSITIVE | XIT.CA has a high relative strength, it outperformed 79.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XIT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XIT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XIT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.57 | NEUTRAL | The RSI value for XIT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests XIT.CA has a negative trend. |
| Stochastics (14,3) | 37.31 | NEUTRAL | The Stochastics value for XIT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for XIT.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for XIT.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 |
|---|---|---|---|
| 69.49 | 67.49 | 2.00 (2.88%) | 25.00% |
| An entry @69.49. This is a Buy Stop order right above the resistance zone. | An exit @67.49. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.00 points, which is 2.88%. | 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:XIT (6/4/2025, 7:00:00 PM)
68.67
-0.12 (-0.17%)