PURPOSE GLOBAL BOND FUND (BND.CA) Stock Technical Analysis
TSX:BND - Toronto Stock Exchange - CA74641B1058 - ETF - Currency: CAD
Taking everything into account, BND scores 6 out of 10 in our technical rating. BND has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
BND has only a medium technical rating, but it does show 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 support zone below the current price at 17.93, a Stop Loss order could be placed below this zone.
More info and screens
17.06
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.79 to 17.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.23 to 17.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.96 to 18.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 |
|---|---|---|---|
| 17.97 | 17.89 | 0.08 (0.47%) | 25.00% |
| An entry @17.97. This is a Buy Stop order right above the 10 day moving average. | An exit @17.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 0.47%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:BND (3/7/2025, 7:00:00 PM)
17.94
-0.01 (-0.06%)