CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) Stock Technical Analysis
TSX:CAR-UN - Toronto Stock Exchange - CA1349211054 - REIT - Currency: CAD
We assign a technical rating of 7 out of 10 to CAR-UN. In the last year, CAR-UN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, CAR-UN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 44.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.12, a Stop Loss order could be placed below this zone.
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38.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 42.04 to 43.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.24 from a horizontal line in the daily time frame.
- A support zone ranging from 38.73 to 39.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 44.66 to 44.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @46.11 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CAR-UN.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAR-UN.CA is up. |
| ChartMill Relative Strength | 46.75 | NEUTRAL | CAR-UN.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAR-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAR-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAR-UN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.26 | NEUTRAL | The RSI value for CAR-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CAR-UN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.08 | NEUTRAL | The Stochastics value for CAR-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for CAR-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 22.16 | NEUTRAL | The ADX value for CAR-UN.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.94 | 41.35 | 3.59 (7.99%) | 12.52% |
| An entry @44.94. This is a Buy Stop order right above the resistance zone. | An exit @41.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.59 points, which is 7.99%. | When investing 12.52% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:CAR-UN (6/6/2025, 7:00:00 PM)
44.32
-0.04 (-0.09%)