EVOLVE ACTIVE GLOBAL FIXED (EARN.CA) Stock Technical Analysis
TSX:EARN - Toronto Stock Exchange - CA30053B1085 - ETF - Currency: CAD
Overall EARN gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EARN is only an average performer.
EARN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. 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 49.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.09, a Stop Loss order could be placed below this zone.
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44.72
We found 3 important support areas.
- A support zone ranging from 47.28 to 48.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.10 to 46.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.17 to 45.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 48.91 to 49.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @51.21 from a horizontal line in the weekly time frame.
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 |
|---|---|---|---|
| 49.01 | 48.61 | 0.40 (0.82%) | 25.00% |
| An entry @49.01. This is a Buy Stop order right above the 10 day moving average. | An exit @48.61. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.40 points, which is 0.82%. | For a 0.21% 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:EARN (3/7/2025, 7:00:00 PM)
48.84
-0.15 (-0.31%)