XFN: Bottomed out, Target=48/49.5XFN is rising toward toward 48 and 49.5 mark. As long as the share's price trade above 45, the ongoing bullish bias is expected to continue.
Support=45
Resistances=48 and 49.5
Key stats
About ISHARES S&P/TSX CAPPED FIN IND ETF UNIT
Asset Class
Equity
Focus
Financials
Expense ratio
0.61%
Inception date
Mar 23, 2001
Issuer/Brand
BlackRock, Inc./iShares
Homepage
Index tracked
S&P/TSX Capped / Financial
ISIN
CA46431B1076
What's in the fund
Exposure type
Finance
Stock breakdown by region
Attractive long-term investment if XFN trades below 40.9Attractive long-term investment if XFN stock price trades below 40.9
XFN which tracks the S&P/TSX Capped Financials Index mostly represents the performance of five big banks. The average yearly return between 2002 and 2021 is about 8.1% which implies poor performance given the high volatility of ET
XFN bottomed out, heading toward 50XFN bottomed out on Jul 14 and since then has been bullish. It has demonstrated a strong momentum. Looking closely at key metrics it shows that the low of 42.43 would not breach for the balance of the year. Based on its current pattern, there is still more room to run. However it is hard for the sto
Canadian financial XFN to get shatteredTechnically, it is more probable that the upper resistance ceiling be broken for a bullish run, but I feel we will have another pullback to the lower trend line because of end of cycle, banks stage 1 reserves under funding might hit earnings pretty soon as the bank rebalance their reserves to cushio
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