EVOLVE AUTOMOBILE INNOVATION (CARS.CA) Stock Technical Analysis
Canada - TSX:CARS - CA30052J1021 - ETF
31.3 CAD
+0.91 (+2.99%)
We assign a technical rating of 9 out of 10 to CARS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CARS is showing a nice and steady performance.
Warning: CARS has an average volume of 1155 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!
When comparing the yearly performance of all stocks, we notice that CARS is one of the better performing stocks in the market, outperforming 77% of all stocks.
CARS is currently making a new 52 week high. This is a strong signal. 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 has a been trading in the 25.13 - 31.30 range, which is quite wide. It is currently trading near the high of this range.
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 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
24.72
31.61
3 important support areas can be observed.
- A support zone ranging from 27.89 to 27.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.76 to 25.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.97 to 25.23. 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 | UP | POSITIVE | The short term trend for CARS.CA is up. |
| ChartMill Relative Strength | 77.63 | POSITIVE | CARS.CA has a high relative strength, it outperformed 77.63% off all stocks 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) | 74.17 | OVERBOUGHT | The high RSI value suggests CARS.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CARS.CA has a positive trend. |
| Stochastics (14,3) | 78.41 | NEUTRAL | The Stochastics value for CARS.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CARS.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 43.83 | POSITIVE | The high ADX value value for CARS.CA suggests a strong 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 (10/15/2025, 7:00:00 PM)
31.3
+0.91 (+2.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.99%
1 Week7.52%
2 Weeks15.29%
1 Month25.8%
3 Month34.57%
6 Month90.27%
12 Month49.47%
2 Year56.5%
3 Year13.61%
5 Year-2.55%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%2.21%
ATR Inc198.12%
Range Today0.29
ADR(20)0.41
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.63
Mansfield3.27
10 Day High31.3
10 Day Low27.35
20 Day High31.3
20 Day Low25.13
52 Week High31.3
52 Week Low15.13
CS1 End27.92
CR1 StartN/A
Volume & EV
DER(3)0.66%
DER(5)0.39%
Volume691
Volume Incr-1.14%
Vol(5)1.33K
Vol(50)1.16K