ISHARES CORE CANADIAN LONG T (XLB.CA) Stock Technical Analysis
TSX:XLB - Toronto Stock Exchange - CA46430M1041 - ETF - Currency: CAD
We assign a technical rating of 1 out of 10 to XLB. XLB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
XLB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.01, a Stop Loss order could be placed below this zone.
More info and screens
18.47
We found 1 important support area.
- A support zone ranging from 18.66 to 19.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 19.11 to 20.39. 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 | DOWN | NEGATIVE | The long term trend for XLB.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XLB.CA is neutral. |
| ChartMill Relative Strength | 30.88 | NEUTRAL | XLB.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XLB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of XLB.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XLB.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.17 | NEUTRAL | The RSI value for XLB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests XLB.CA has a positive trend. |
| Stochastics (14,3) | 76.46 | NEUTRAL | The Stochastics value for XLB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for XLB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 9.12 | NEGATIVE | The low ADX value for XLB.CA suggests a weak or negative trend. |
TSX:XLB (6/4/2025, 7:00:00 PM)
19.095
+0.07 (+0.37%)