TSX:DXP - Toronto Stock Exchange - CA26800U1003 - ETF - Currency: CAD
Overall DXP gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DXP is showing a nice and steady performance.
Besides having an excellent technical rating, DXP 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 23.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.65, a Stop Loss order could be placed below this zone.
20.35
We found 2 important support areas.
When analyzing the resistance we notice one important area.
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 |
---|---|---|---|
23.81 | 23.45 | 0.36 (1.51%) | 25.00% |
An entry @23.81. This is a Buy Stop order right above the resistance zone. | An exit @23.45. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.36 points, which is 1.51%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
TSX:DXP (3/7/2025, 7:00:00 PM)
23.72
+0.03 (+0.13%)