Technical Analysis for FXM - First Asset Morningstar Canada Value Index ETF

Grade Last Price % Change Price Change
B 21.240 -0.23% -0.050
FXM closed down 0.23 percent on Monday, April 15, 2024, on 13 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
Stochastic Reached Oversold Weakness 0.00%
Strong but Oversold Other 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 20 DMA Bearish -0.23%
New Downtrend Bearish -0.23%
Down 3 Days in a Row Weakness -0.23%
20 DMA Support Bullish -1.44%
Overbought Stochastic Strength -1.44%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 12 hours ago
Possible NR7 about 12 hours ago
Possible Inside Day 3 days ago
Possible NR7 3 days ago
3x Volume Pace 4 days ago

Free Daily (Stock) Chart Reading

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Profile

The ETF has been designed to replicate, to the extent possible, the performance of the Morningstar® Canada Target Value Index™ , net of expenses. The ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which are considered to be “good value” based on characteristics like low price to earnings and low price to cash flow ratios.
Classification

Keywords: Exchange Traded Funds Etf Flow Earnings Cash Flow

Top 10 Components

Symbol Grade Price % Change Allocation
K A 0.68 3.71
FTT B -1.12 3.62
VET C -2.36 3.61
BBD.B B -2.82 3.61
AC D -0.27 3.56
MEG B -0.89 3.51
DOO C 1.11 3.42
MFC C -0.85 3.41
AQN D -1.96 3.38

Is FXM 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 21.78
52 Week Low 18.9589
Average Volume 3,145
200-Day Moving Average 20.363
50-Day Moving Average 20.937
20-Day Moving Average 21.479
10-Day Moving Average 21.578
Average True Range 0.133
RSI (14) 46.81
ADX 24.09
+DI 30.365
-DI 37.043
Chandelier Exit (Long, 3 ATRs) 21.382
Chandelier Exit (Short, 3 ATRs) 21.378
Upper Bollinger Bands 21.862
Lower Bollinger Band 21.096
Percent B (%b) 0.19
BandWidth 3.569
MACD Line 0.146
MACD Signal Line 0.211
MACD Histogram -0.065
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.360
Resistance 3 (R3) 21.373 21.347 21.340
Resistance 2 (R2) 21.347 21.316 21.340 21.333
Resistance 1 (R1) 21.293 21.297 21.280 21.280 21.327
Pivot Point 21.267 21.267 21.260 21.260 21.267
Support 1 (S1) 21.213 21.236 21.200 21.200 21.153
Support 2 (S2) 21.187 21.217 21.180 21.147
Support 3 (S3) 21.133 21.187 21.140
Support 4 (S4) 21.120