EVOLVE AUTOMOBILE INNOVATION (CARS.CA) Stock Technical Analysis
Canada - TSX:CARS - CA30052J1021 - ETF
Taking everything into account, CARS scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although CARS has an excellent technical rating, it does not offer a high quality setup 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
26.11
We found 2 important support areas.
- A support zone ranging from 26.98 to 27.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.37 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.11 to 29.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 CARS.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CARS.CA is down. |
| ChartMill Relative Strength | 73.66 | POSITIVE | CARS.CA has a high relative strength, it outperformed 73.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CARS.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CARS.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARS.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.3 | NEUTRAL | The RSI value for CARS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CARS.CA has a negative trend. |
| Stochastics (14,3) | 15.07 | OVERSOLD | The low Stochastics value suggests CARS.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for CARS.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for CARS.CA suggests a weak or negative trend. |
TSX:CARS (11/14/2025, 7:00:00 PM)
27.09
-0.39 (-1.42%)
EVOLVE AUTOMOBILE INNOVATION / CARS.CA FAQ
What is the technical rating for CARS stock?
ChartMill assigns a technical rating of 7 / 10 to CARS.CA.
What is the trend direction for CARS stock?
The current trend direction for EVOLVE AUTOMOBILE INNOVATION (CARS.CA) is Bullish.
What is the RSI signal for CARS stock?
EVOLVE AUTOMOBILE INNOVATION (CARS.CA) has an RSI value of 40.297. This indicates that the stock is currently neutral.
What is the buy/sell signal for EVOLVE AUTOMOBILE INNOVATION (CARS.CA) stock?
The buy/sell signal for EVOLVE AUTOMOBILE INNOVATION (CARS.CA) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for EVOLVE AUTOMOBILE INNOVATION (CARS.CA) stock?
EVOLVE AUTOMOBILE INNOVATION (CARS.CA) has a support level at 27.08 and a resistance level at 29.11. Check the full technical report for our detailed analysis of CARS.CA support and resistance levels.