(CART.CA) Stock Technical Analysis
TSX-V:CART
Overall CART gets a technical rating of 5 out of 10. CART has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- 100% of all other stocks performed better in the past year than CART.
- CART is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 93% of 212 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month CART has a been trading in the 5.70 - 7.20 range, which is quite wide. It is currently trading near the high of this range.
Although the technical rating is only medium, CART does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 6.66, a Stop Loss order could be placed below this zone.
More info and screens
6.25
We found 2 important support areas.
- A support zone ranging from 6.59 to 6.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.31 from a trend 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 CART.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CART.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CART.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CART.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CART.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 61.65 | NEUTRAL | The RSI value for CART.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CART.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.85 | NEUTRAL | The Stochastics value for CART.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.29 | HIGH VOLATILITY | The high ATR as a percentage value for CART.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 27.32 | POSITIVE | The high ADX value value for CART.CA suggests a strong trend. |
/ CART.CA FAQ
What is the technical rating for CART stock?
ChartMill assigns a technical rating of 5 / 10 to CART.CA.
What is the current trend direction of (CART.CA) stock?
The current trend direction for (CART.CA) is Bullish.
What is the RSI signal for (CART.CA) stock?
(CART.CA) has an RSI value of 61.6511. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ?
The short term momentum for (CART.CA) is positive.
What is the buy/sell signal for CART stock?
The buy/sell signal for (CART.CA) is buy as both the short term and long term trends are positive.