Technical Analysis for BK - Canadian Banc Corp.

Grade Last Price % Change Price Change
C 10.725 -0.60% -0.065
BK closed down 0.6 percent on Thursday, March 28, 2024, on approximately normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Flat

Date Alert Name Type % Chg
New Uptrend Bullish 0.00%
Overbought Stochastic Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Stochastic Sell Signal Bearish -0.60%
Upper Bollinger Band Walk Strength -0.60%
Overbought Stochastic Strength -0.60%
Gapped Down Weakness -0.60%
Upper Bollinger Band Walk Strength -1.24%
Above Upper BB Strength -1.24%
Overbought Stochastic Strength -1.24%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 17 hours ago
1.5x Volume Pace about 19 hours ago
Gap Down Partially Closed 2 days ago
Gapped Down (Partial) 2 days ago
Down 1 ATR 2 days ago

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Profile

Canadian Banc Corp. Description

Canadian Banc Corp is a Canada-based mutual fund company. The Company's investment objective of the preferred shares is to provide holders with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 0.75%, with a minimum annual rate of approximately 5.0% and a maximum annual rate of over 7% based on original issue price. The investment objective of the Class A shares is to provide holders with monthly cash distributions targeted to be at a rate of approximately 10% annualized based on the volume weighted average market price of the Class A shares for the last three trading days of the preceding month. It invests in a portfolio of common shares, which will include Canadian chartered banks. It may also invest up to 20% of the Net Asset Value in equity securities of Canadian or foreign financial services corporations other than the core holdings. It is managed by Quadravest Capital Management Inc.


Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Financial Dividend Bank Shareholders Financial Services Mutual Fund Dividends Rate Of Return Preferred Stock Net Asset Value Volume

Is BK a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 13.48
52 Week Low 9.28
Average Volume 70,534
200-Day Moving Average 11.165
50-Day Moving Average 10.452
20-Day Moving Average 10.516
10-Day Moving Average 10.675
Average True Range 0.100
RSI (14) 63.24
ADX 25.1
+DI 31.164
-DI 14.952
Chandelier Exit (Long, 3 ATRs) 10.589
Chandelier Exit (Short, 3 ATRs) 10.521
Upper Bollinger Bands 10.916
Lower Bollinger Band 10.115
Percent B (%b) 0.76
BandWidth 7.625
MACD Line 0.117
MACD Signal Line 0.081
MACD Histogram 0.0359
Fundamentals Value
Market Cap 118.96 Million
Num Shares 11.1 Million
EPS 1.40
Price-to-Earnings (P/E) Ratio 7.64
Price-to-Sales 3.10
Price-to-Book 1.40
PEG Ratio 0.00
Dividend 0.79
Dividend Yield 7.37%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.860
Resistance 3 (R3) 10.867 10.828 10.838
Resistance 2 (R2) 10.828 10.794 10.825 10.830
Resistance 1 (R1) 10.777 10.773 10.758 10.770 10.822
Pivot Point 10.738 10.738 10.729 10.735 10.738
Support 1 (S1) 10.687 10.704 10.668 10.680 10.628
Support 2 (S2) 10.648 10.683 10.645 10.620
Support 3 (S3) 10.597 10.648 10.613
Support 4 (S4) 10.590