EVOLVE AUTO INNOVATION ETF (CARS-B.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CARS-B - CA30052J2011 - ETF
Taking everything into account, CARS-B scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CARS-B is showing a nice and steady performance.
- Warning: CARS-B has an average volume of 1910 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- CARS-B is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CARS-B is lagging the market slightly.
- Looking at the yearly performance, CARS-B did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month CARS-B has a been trading in the 30.43 - 37.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CARS-B has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
24.95
When analyzing the support we can see 4 important areas.
- A support zone ranging from 30.99 to 31.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.42 to 30.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.25 from a trend line in the daily time frame.
- Support @25.20 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 34.66 to 34.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.10 to 37.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 CARS-B.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARS-B.CA is up. |
| ChartMill Relative Strength | 82.3 | POSITIVE | CARS-B.CA has a high relative strength, it outperformed 82.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CARS-B.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARS-B.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARS-B.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.76 | NEUTRAL | The RSI value for CARS-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests CARS-B.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.16 | NEUTRAL | The Stochastics value for CARS-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for CARS-B.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.64 | NEGATIVE | The low ADX value for CARS-B.CA suggests a weak or negative trend. |
TSX:CARS-B (1/13/2026, 7:00:00 PM)
33.67
+1.6 (+4.99%)
EVOLVE AUTO INNOVATION ETF / CARS-B.CA FAQ
What is the technical rating for CARS-B stock?
ChartMill assigns a technical rating of 8 / 10 to CARS-B.CA.
What is the current trend direction of EVOLVE AUTO INNOVATION ETF (CARS-B.CA) stock?
The current trend direction for EVOLVE AUTO INNOVATION ETF (CARS-B.CA) is Bullish.
What is the RSI signal for EVOLVE AUTO INNOVATION ETF (CARS-B.CA) stock?
EVOLVE AUTO INNOVATION ETF (CARS-B.CA) has an RSI value of 54.7636. This indicates that the stock is currently neutral.
What is the short term momentum for CARS-B stock?
The short term momentum for EVOLVE AUTO INNOVATION ETF (CARS-B.CA) is positive.
Can you provide the support and resistance levels for EVOLVE AUTO INNOVATION ETF?
EVOLVE AUTO INNOVATION ETF (CARS-B.CA) has a support level at 31.32 and a resistance level at 34.66. Check the full technical report for our detailed analysis of CARS-B.CA support and resistance levels.