Technical Analysis for CBNK - Mulvihill Enhanced Yield Canadian Bank ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 8.430 | -0.12% | -0.010 |
CBNK closed down 0.12 percent on Friday, November 15, 2024, on 73 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 High | Strength | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Outside Day | Range Expansion | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | -0.12% | |
| NR7 | Range Contraction | -0.12% | |
| Narrow Range Bar | Range Contraction | -0.12% | |
| Overbought Stochastic | Strength | -0.12% |
| Alert | Time |
|---|---|
| Fell Below Previous Day's Low | 3 days ago |
| Outside Day | 3 days ago |
| Gap Up Closed | 3 days ago |
| Reversed from Up | 3 days ago |
| Gapped Up (Full) | 3 days ago |
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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 | 8.5 |
| 52 Week Low | 6.2177 |
| Average Volume | 17,272 |
| 200-Day Moving Average | 7.401 |
| 50-Day Moving Average | 8.175 |
| 20-Day Moving Average | 8.311 |
| 10-Day Moving Average | 8.359 |
| Average True Range | 0.081 |
| RSI (14) | 65.16 |
| ADX | 35.6 |
| +DI | 38.769 |
| -DI | 16.809 |
| Chandelier Exit (Long, 3 ATRs) | 8.256 |
| Chandelier Exit (Short, 3 ATRs) | 8.374 |
| Upper Bollinger Bands | 8.482 |
| Lower Bollinger Band | 8.141 |
| Percent B (%b) | 0.85 |
| BandWidth | 4.110 |
| MACD Line | 0.081 |
| MACD Signal Line | 0.076 |
| MACD Histogram | 0.0047 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 8.580 | ||||
| Resistance 3 (R3) | 8.587 | 8.543 | 8.555 | ||
| Resistance 2 (R2) | 8.543 | 8.505 | 8.540 | 8.547 | |
| Resistance 1 (R1) | 8.487 | 8.482 | 8.465 | 8.480 | 8.538 |
| Pivot Point | 8.443 | 8.443 | 8.433 | 8.440 | 8.443 |
| Support 1 (S1) | 8.387 | 8.405 | 8.365 | 8.380 | 8.322 |
| Support 2 (S2) | 8.343 | 8.382 | 8.340 | 8.313 | |
| Support 3 (S3) | 8.287 | 8.343 | 8.305 | ||
| Support 4 (S4) | 8.280 |
