Technical Analysis for EIT.UN - Canoe EIT Income Fund

Grade Last Price % Change Price Change
A 15.530 0.39% 0.060
EIT.UN closed up 0.39 percent on Friday, November 15, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
180 Bullish Setup Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Calm After Storm Range Contraction 0.39%
Overbought Stochastic Strength 0.39%
Gapped Down Weakness 0.39%
New 52 Week Closing High Bullish 0.26%

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Profile

Canoe EIT Income Fund Description

Canoe EIT Income Fund, formerly EnerVest Diversified Income Trust, is a closed-ended investment trust. The Fund's investment objective is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments. It invests in securities of publicly traded real estate investment trusts, qualified limited partnerships, corporations and similar issuers, corporate debt, convertible debentures and preferred shares of issuers engaged in businesses in various industries and geographic regions. It invests in various sectors, including financials, energy, technology, consumer products, utilities, industrials, consumer services, healthcare and telecommunication services. Canoe Financial LP is the Fund's manager.


Classification

Keywords: Financial Markets Energy Security Financial Health Real Estate Debt Healthcare Real Estate Investment Trust Investment Trust Real Estate Investment Ships Partnership Utilities Limited Partnership Net Asset Value Income Trust Consumer Products Financials Debenture Real Estate Investment Trusts Taxation In Canada Communication Services Partnerships Telecommunication Services

Is EIT.UN 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 15.58
52 Week Low 12.6
Average Volume 163,317
200-Day Moving Average 14.021
50-Day Moving Average 14.846
20-Day Moving Average 15.184
10-Day Moving Average 15.335
Average True Range 0.125
RSI (14) 73.26
ADX 37.28
+DI 35.782
-DI 11.031
Chandelier Exit (Long, 3 ATRs) 15.204
Chandelier Exit (Short, 3 ATRs) 15.196
Upper Bollinger Bands 15.633
Lower Bollinger Band 14.734
Percent B (%b) 0.89
BandWidth 5.918
MACD Line 0.183
MACD Signal Line 0.158
MACD Histogram 0.0249
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.665
Resistance 3 (R3) 15.657 15.603 15.643
Resistance 2 (R2) 15.603 15.569 15.608 15.635
Resistance 1 (R1) 15.567 15.548 15.585 15.575 15.627
Pivot Point 15.513 15.513 15.523 15.518 15.513
Support 1 (S1) 15.477 15.479 15.495 15.485 15.433
Support 2 (S2) 15.423 15.458 15.428 15.425
Support 3 (S3) 15.387 15.423 15.418
Support 4 (S4) 15.395