TSX:CARS - Toronto Stock Exchange - CA30052J1021 - ETF - Currency: CAD
We assign a technical rating of 7 out of 10 to CARS. CARS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although CARS has an excellent technical rating, it does not present a decent entry opportunity 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.
19.11
We found 2 important support areas.
When analyzing the resistance we notice 4 important areas.
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 | UP | POSITIVE | The short term trend for CARS.CA is up. |
ChartMill Relative Strength | 43.37 | NEUTRAL | CARS.CA is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARS.CA is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARS.CA is above 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) | 62.73 | NEUTRAL | The RSI value for CARS.CA is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CARS.CA has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 79.68 | NEUTRAL | The Stochastics value for CARS.CA is a neutral value. |
Average True Range in percent/ATR (20) | 1.58 | LOW VOLATILITY | The low ATR as a percentage value for CARS.CA suggests low volalility. |
Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for CARS.CA suggests a weak or negative trend. |
TSX:CARS (6/11/2025, 7:00:00 PM)
20.69
+0.11 (+0.53%)