(QCN) Mackenzie Canadian Equity - Ratings and Ratios

The Mackenzie Canadian Equity Index ETF (Ticker: QCN) is a Canadian equity-focused exchange-traded fund listed on the Toronto Stock Exchange (TO). It aims to replicate the performance of the Morningstar Canada GR CAD Index, providing exposure to a broad range of Canadian equities. The fund is designed for investors seeking diversified access to Canadian markets, including large-cap, mid-cap, and small-cap securities.

From a technical perspective, QCN has shown a recent price of 151.63 CAD, with key moving averages indicating a mixed trend. The 20-day moving average (SMA 20) stands at 146.82, while the 50-day (SMA 50) and 200-day (SMA 200) averages are 149.64 and 146.95, respectively. This suggests a potential uptrend forming but with resistance near the 50-day average. The Average True Range (ATR) of 2.51 indicates moderate volatility, with average daily price fluctuations expected to remain stable in the near term.

Fundamentally, the ETF manages assets under management (AUM) of 1,836.53 million CAD, reflecting strong investor interest and liquidity. The funds tracking error is historically low, ensuring close alignment with its underlying index. Dividend distributions are typically paid quarterly, providing income alongside potential capital appreciation.

3-Month Forecast: Based on and , QCN is expected to remain range-bound between 145 and 155 CAD in the short term. Support is likely to hold near the 200-day moving average (146.95), while resistance may form at the recent high of 152.50. The funds AUM growth and low tracking error suggest continued investor confidence, aligning with positive macroeconomic trends in Canada, such as stable commodity prices and economic recovery in key sectors like energy and technology.