FIRST TRUST S-NETWORK FUTURE (CARZ) Stock Technical Analysis
NASDAQ:CARZ - Nasdaq - US33734X3098 - ETF - Currency: USD
Taking everything into account, CARZ scores 8 out of 10 in our technical rating. Although CARZ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: CARZ has an average volume of 2704 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.
CARZ 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 CARZ is performing more or less in line with the market.
CARZ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, CARZ outperforms 56% of them, which is more or less in line with the market.
Besides having an excellent technical rating, CARZ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 58.09, a Stop Loss order could be placed below this zone.
More info and screens
46.42
60.94
3 important support areas can be observed.
- A support zone ranging from 57.64 to 58.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 56.54 to 56.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @46.89 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @59.13 from a trend line in the weekly time frame.
- Resistance @60.34 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 CARZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CARZ is up. |
| ChartMill Relative Strength | 56.1 | NEUTRAL | CARZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CARZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CARZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CARZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.43 | NEUTRAL | The RSI value for CARZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CARZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.28 | OVERBOUGHT | The high Stochastics value suggests CARZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for CARZ suggests some volalility. |
| Average Directional Index/ADX (14) | 26.42 | POSITIVE | The high ADX value value for CARZ 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 59.14 | 57.63 | 1.51 (2.55%) | 25.00% |
| An entry @59.14. This is a Buy Stop order right above the resistance zone. | An exit @57.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.51 points, which is 2.55%. | For a 0.64% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CARZ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:CARZ (5/29/2025, 8:00:01 PM)
58.57
+0.17 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.29%
1 Week2.04%
2 Weeks-1.1%
1 Month10.95%
3 Month2.63%
6 Month1.6%
12 Month-0.09%
2 Year13.97%
3 Year13.03%
5 Year97.87%
10 Year42.58%
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%2.21%
ATR Inc-55.81%
Range Today0.51
ADR(20)0.89
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.1
Mansfield-0.07
10 Day High59.11
10 Day Low56.41
20 Day High59.22
20 Day Low53.18
52 Week High63.1
52 Week Low41.1
CS1 End58.09
CR1 Start59.13
Volume & EV
DER(3)0%
DER(5)0%
Volume200
Volume Incr-77.22%
Vol(5)320
Vol(50)2.70K