EVOLVE AUTOMOBILE INNOVATION (CARS.CA) Stock Technical Analysis
TSX:CARS - Toronto Stock Exchange - CA30052J1021 - ETF - Currency: CAD
Overall CARS gets a technical rating of 6 out of 10. 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.
Warning: CARS has an average volume of 709 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CARS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CARS is performing more or less in line with the market.
In the last month CARS has a been trading in the 19.21 - 21.05 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.
When comparing the performance of all stocks over the past year, CARS turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
CARS has an average technical rating and it also 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
19.11
22.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.17 to 20.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.30 to 19.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @20.43 from a trend line in the daily time frame.
- A resistance zone ranging from 20.79 to 20.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 21.64 to 21.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.10 from a horizontal line 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 | UP | POSITIVE | The short term trend for CARS.CA is up. |
| ChartMill Relative Strength | 41.89 | NEUTRAL | CARS.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CARS.CA is above a declining 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) | 55.27 | NEUTRAL | The RSI value for CARS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CARS.CA has a negative trend. |
| Stochastics (14,3) | 60.87 | NEUTRAL | The Stochastics value for CARS.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for CARS.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for CARS.CA suggests a weak or negative 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 (6/17/2025, 7:00:00 PM)
20.29
-0.28 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.36%
1 Week-1.41%
2 Weeks2.27%
1 Month-1.89%
3 Month3.57%
6 Month-3.61%
12 Month1.2%
2 Year-29.18%
3 Year-33.95%
5 Year-23.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%1.54%
ATR Inc22.99%
Range Today0.35
ADR(20)0.12
ADR(20)%0.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.89
Mansfield-0.17
10 Day High21.05
10 Day Low19.46
20 Day High21.05
20 Day Low19.21
52 Week High22.35
52 Week Low15.13
CS1 End20.23
CR1 Start20.43
Volume & EV
DER(3)-9.01%
DER(5)-5.41%
Volume1.11K
Volume Incr-4.49%
Vol(5)823.8
Vol(50)709.52