CAN APARTMENT PROP REAL ESTA (CAR-UN.CA) Stock Technical Analysis
TSX:CAR-UN - Toronto Stock Exchange - CA1349211054 - REIT - Currency: CAD
Taking everything into account, CAR-UN scores 7 out of 10 in our technical rating. Although CAR-UN is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CAR-UN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 44.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.16, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
38.34
We found 2 important support areas.
- A support zone ranging from 43.16 to 44.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 44.77 to 45.10. 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 | UP | POSITIVE | The long term trend for CAR-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAR-UN.CA is up. |
| ChartMill Relative Strength | 39.33 | 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 | MIXED | The current price of CAR-UN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.99 | NEUTRAL | The RSI value for CAR-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CAR-UN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.92 | NEUTRAL | The Stochastics value for CAR-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for CAR-UN.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for CAR-UN.CA suggests a weak or negative trend. |
TSX:CAR-UN (7/2/2025, 7:00:00 PM)
44.72
+0.31 (+0.7%)