GLOBAL X CARBON CREDITS ETF (CARB.CA) Stock Technical Analysis
TSX:CARB - Toronto Stock Exchange - CA3799451081 - ETF - Currency: CAD
Overall CARB gets a technical rating of 1 out of 10. CARB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
71% of all other stocks performed better in the past year than CARB.
In the last month CARB has a been trading in the 6.67 - 8.36 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CARB has an average volume of 1272 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CARB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
CARB has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.36
8.44
When analyzing the support we can see 2 important areas.
- Support @6.72 from a trend line in the daily time frame.
- A support zone ranging from 6.42 to 6.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.90 to 6.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.16 to 8.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.36 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.14
Mansfield-0.47
10 Day High7.46
10 Day Low6.67
20 Day High8.36
20 Day Low6.67
52 Week High8.37
52 Week Low5.43
Performance
1 Week3.3%
2 Weeks-9.34%
1 Month-17.29%
3 Month-4.17%
6 Month-5.62%
12 Month-4.7%
2 Year-30.47%
3 Year-24.78%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.1
RSI(14)36.73
LBB6.17
UBB8.29
TSX:CARB (3/17/2025, 7:00:00 PM)
6.89
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week3.3%
2 Weeks-9.34%
1 Month-17.29%
3 Month-4.17%
6 Month-5.62%
12 Month-4.7%
2 Year-30.47%
3 Year-24.78%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%2.18%
ATR Inc-79.15%
Range Today0.06
ADR(20)0.04
ADR(20)%0.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.14
Mansfield-0.47
10 Day High7.46
10 Day Low6.67
20 Day High8.36
20 Day Low6.67
52 Week High8.37
52 Week Low5.43
CS1 End6.72
CR1 Start6.9
Volume & EV
DER(3)0%
DER(5)-10%
Volume6.90K
Volume Incr8.38%
Vol(5)1.53K
Vol(50)1.27K