EVOLVE AUTO INNOVATION ETF (CARS-B.CA) Stock Technical Analysis
Canada - TSX:CARS-B - CA30052J2011 - ETF
33.86 CAD
-2.04 (-5.68%)
Overall CARS-B gets a technical rating of 8 out of 10. Although CARS-B is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CARS-B has an average volume of 1033 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 near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CARS-B has a been trading in the 18.73 - 35.90 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, CARS-B turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CARS-B has an excellent technical rating, it does not offer a high quality setup 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
22.84
34.21
We found 2 important support areas.
- A support zone ranging from 25.07 to 25.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @23.07 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @33.87 from a horizontal line in the weekly 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 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 | 68.11 | NEUTRAL | CARS-B.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARS-B.CA is above the rising 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) | 70.8 | OVERBOUGHT | The high RSI value suggests CARS-B.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.12 | POSITIVE | The MACD value suggests CARS-B.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.62 | OVERBOUGHT | The high Stochastics value suggests CARS-B.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for CARS-B.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.79 | NEUTRAL | The ADX value for CARS-B.CA suggests a possible start of a new trend. |
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)
TSX:CARS-B (10/10/2025, 7:00:00 PM)
33.86
-2.04 (-5.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.68%
1 Week24.12%
2 Weeks40.21%
1 Month71.62%
3 Month36.59%
6 Month40.32%
12 Month6.21%
2 Year25.08%
3 Year-0.62%
5 Year1.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%3.66%
ATR Inc81.27%
Range Today1.07
ADR(20)0.19
ADR(20)%0.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.11
Mansfield0.71
10 Day High35.9
10 Day Low23.93
20 Day High35.9
20 Day Low18.73
52 Week High35.9
52 Week Low18.73
CS1 End25.2
CR1 Start33.87
Volume & EV
DER(3)7.75%
DER(5)4.65%
Volume2.52K
Volume Incr-21.86%
Vol(5)1.20K
Vol(50)1.03K