CI BAL INC ASSET ALLOC ETF (CBIN.CA) Stock Technical Analysis
TSX:CBIN - Toronto Stock Exchange - CA12570C1086 - ETF - Currency: CAD
We assign a technical rating of 4 out of 10 to CBIN. CBIN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, CBIN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.66, a Stop Loss order could be placed below this zone.
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21.82
2 important support areas can be observed.
- A support zone ranging from 22.52 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.73 to 22.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
TSX:CBIN (3/4/2025, 7:00:00 PM)
22.72
-0.03 (-0.13%)