Technical Analysis for CBNK - Mulvihill Enhanced Yield Canadian Bank ETF
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Cup with Handle | Other | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Cup with Handle | Other | 0.28% | |
| 20 DMA Resistance | Bearish | -0.41% | |
| 50 DMA Resistance | Bearish | -0.41% | |
| Cup with Handle | Other | -0.41% | |
| Outside Day | Range Expansion | -0.41% | |
| Gapped Up | Strength | -0.41% | |
| 50 DMA Resistance | Bearish | -0.69% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | 2 days ago |
| Rose Above 10 DMA | 2 days ago |
| Up 1 ATR | 2 days ago |
| 50 DMA Resistance | 2 days ago |
| Up 1% | 2 days ago |
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Basic chart:
Mulvihill Enhanced Yield Canadian Bank ETF invests in the common shares of the "Big Six" Canadian Banks while adding modest 25% leverage and option writing strategies to further enhance the underlying portfolio dividend yields. CBNK targets a 7% annual yield, over 2x the current yield of the S&P/TSX Diversified Banks Index, making it the highest yielding Canadian Bank ETF. Mulvihill Capital Management Inc. has a 25+ year track record managing a similar strategy.
Keywords: Exchange Traded Funds Financial Ratios Synthetic Replication Dividend Yield
Classification
Keywords: Exchange Traded Funds Financial Ratios Synthetic Replication Dividend Yield
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 7.76 |
| 52 Week Low | 5.96 |
| Average Volume | 29,619 |
| 200-Day Moving Average | 6.949 |
| 50-Day Moving Average | 7.291 |
| 20-Day Moving Average | 7.313 |
| 10-Day Moving Average | 7.203 |
| Average True Range | 0.091 |
| RSI (14) | 43.82 |
| ADX | 16.83 |
| +DI | 25.116 |
| -DI | 20.019 |
| Chandelier Exit (Long, 3 ATRs) | 7.277 |
| Chandelier Exit (Short, 3 ATRs) | 7.373 |
| Upper Bollinger Bands | 7.560 |
| Lower Bollinger Band | 7.066 |
| Percent B (%b) | 0.31 |
| BandWidth | 6.763 |
| MACD Line | -0.036 |
| MACD Signal Line | -0.022 |
| MACD Histogram | -0.0143 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.340 | ||||
| Resistance 3 (R3) | 7.353 | 7.327 | 7.320 | ||
| Resistance 2 (R2) | 7.327 | 7.296 | 7.320 | 7.313 | |
| Resistance 1 (R1) | 7.273 | 7.277 | 7.260 | 7.260 | 7.307 |
| Pivot Point | 7.247 | 7.247 | 7.240 | 7.240 | 7.247 |
| Support 1 (S1) | 7.193 | 7.216 | 7.180 | 7.180 | 7.133 |
| Support 2 (S2) | 7.167 | 7.197 | 7.160 | 7.127 | |
| Support 3 (S3) | 7.113 | 7.167 | 7.120 | ||
| Support 4 (S4) | 7.100 |
