EVOLVE AUTO INNOVATION E-USD (CARS-U.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:CARS-U • CA30052J3001
Taking everything into account, CARS-U scores 4 out of 10 in our technical rating. CARS-U performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, CARS-U is a bad performer in the overall market: 64% of all stocks are doing better.
- Warning: CARS-U has an average volume of 2846 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month CARS-U has a been trading in the 24.28 - 29.26 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CARS-U is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CARS-U is lagging the market.
- Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, CARS-U does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. 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
17.92
We found 3 important support areas.
- A support zone ranging from 24.28 to 24.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.77 from a trend line in the weekly time frame.
- Support @18.10 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 26.82 to 26.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 27.84 to 27.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.59 to 30.12. 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-U.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CARS-U.CA is neutral. |
| ChartMill Relative Strength | 36.54 | NEUTRAL | CARS-U.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CARS-U.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARS-U.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CARS-U.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.61 | NEUTRAL | The RSI value for CARS-U.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests CARS-U.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.65 | NEUTRAL | The Stochastics value for CARS-U.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CARS-U.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 8.95 | NEGATIVE | The low ADX value for CARS-U.CA suggests a weak or negative trend. |
TSX:CARS-U (2/6/2026, 7:00:00 PM)
26.58
+0.78 (+3.02%)
EVOLVE AUTO INNOVATION E-USD / CARS-U.CA FAQ
What is the ChartMill technical rating of EVOLVE AUTO INNOVATION E-USD (CARS-U.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to CARS-U.CA.
Can you provide the trend direction for EVOLVE AUTO INNOVATION E-USD?
The current trend direction for EVOLVE AUTO INNOVATION E-USD (CARS-U.CA) is Bullish.
Can you provide the RSI signal for EVOLVE AUTO INNOVATION E-USD?
EVOLVE AUTO INNOVATION E-USD (CARS-U.CA) has an RSI value of 51.6089. This indicates that the stock is currently neutral.
What is the short term momentum for CARS-U stock?
The short term momentum for EVOLVE AUTO INNOVATION E-USD (CARS-U.CA) is neutral.