Technical Analysis for CBNK - Mulvihill Enhanced Yield Canadian Bank ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 8.630 | 0.35% | 0.030 |
CBNK closed up 0.35 percent on Friday, November 22, 2024, on 61 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing High | Bullish | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | 0.35% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.35% | |
| New 52 Week High | Strength | 0.35% | |
| Above Upper BB | Strength | 0.35% | |
| Overbought Stochastic | Strength | 0.35% | |
| Upper Bollinger Band Touch | Strength | 0.35% | |
| Shooting Star Candlestick | Bearish | 1.53% |
| Alert | Time |
|---|---|
| Bullish 180 Entry | about 21 hours ago |
| Rose Above Previous Day's High | about 21 hours ago |
| New 52 Week High | about 23 hours ago |
| Fell Below Upper Bollinger Band | about 23 hours ago |
| Rose Above Upper Bollinger Band | 2 days ago |
Get a Trading Assistant
Let us help you stay on top of your investments. We will alert you to important technical developments on your
portfolio & watchlist.
Configure default chart indicators
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 | 8.63 |
| 52 Week Low | 6.2177 |
| Average Volume | 16,328 |
| 200-Day Moving Average | 7.443 |
| 50-Day Moving Average | 8.244 |
| 20-Day Moving Average | 8.379 |
| 10-Day Moving Average | 8.481 |
| Average True Range | 0.083 |
| RSI (14) | 76.13 |
| ADX | 32.99 |
| +DI | 36.456 |
| -DI | 18.870 |
| Chandelier Exit (Long, 3 ATRs) | 8.380 |
| Chandelier Exit (Short, 3 ATRs) | 8.380 |
| Upper Bollinger Bands | 8.634 |
| Lower Bollinger Band | 8.124 |
| Percent B (%b) | 0.99 |
| BandWidth | 6.089 |
| MACD Line | 0.105 |
| MACD Signal Line | 0.089 |
| MACD Histogram | 0.0164 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.705 | ||||
| Resistance 3 (R3) | 8.697 | 8.663 | 8.693 | ||
| Resistance 2 (R2) | 8.663 | 8.644 | 8.668 | 8.688 | |
| Resistance 1 (R1) | 8.647 | 8.632 | 8.655 | 8.655 | 8.684 |
| Pivot Point | 8.613 | 8.613 | 8.618 | 8.618 | 8.613 |
| Support 1 (S1) | 8.597 | 8.594 | 8.605 | 8.605 | 8.576 |
| Support 2 (S2) | 8.563 | 8.582 | 8.568 | 8.572 | |
| Support 3 (S3) | 8.547 | 8.563 | 8.568 | ||
| Support 4 (S4) | 8.555 |
