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EVOLVE ACTIVE CANADIAN PREFE (DIVS.CA) Stock Technical Analysis

TSX:DIVS - Toronto Stock Exchange - CA30052A1012 - ETF - Currency: CAD

16.59  -0.01 (-0.06%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to DIVS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DIVS is only an average performer.

Warning: DIVS has an average volume of 3088 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!
DIVS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DIVS has a been trading in the 0.00 - 16.60 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, DIVS outperforms 47% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
EVOLVE ACTIVE CANADIAN PREFE / DIVS Weekly stock chart
EVOLVE ACTIVE CANADIAN PREFE / DIVS Daily stock chart
Setup Rating and Analysis

6

DIVS has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.50, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

14.96

16.78

3 important support areas can be observed.

  • A support zone ranging from 15.97 to 16.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 15.36 to 15.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @15.11 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 16.60 to 16.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for DIVS.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for DIVS.CA is up.
ChartMill Relative Strength47.11NEUTRALDIVS.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of DIVS.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of DIVS.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of DIVS.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)52.91NEUTRALThe RSI value for DIVS.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.25POSITIVEThe MACD value suggests DIVS.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)99.98OVERBOUGHTThe high Stochastics value suggests DIVS.CA may be overbought.
Average True Range in percent/ATR (20)9.96HIGH VOLATILITYThe high ATR as a percentage value for DIVS.CA suggests high volalility.
Average Directional Index/ADX (14)15.24NEGATIVEThe low ADX value for DIVS.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
16.6216.300.32 (1.93%)25.00%
An entry @16.62. This is a Buy Stop order right above the resistance zone.An exit @16.30. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.32 points, which is 1.93%.For a 0.48% 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 DIVS. 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.
EVOLVE ACTIVE CANADIAN PREFE / DIVS Daily stock chart

EVOLVE ACTIVE CANADIAN PREFE

TSX:DIVS (6/11/2025, 7:00:00 PM)

16.59

-0.01 (-0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.06%
1 Week1.47%
2 Weeks3.69%
1 Month5.47%
3 Month0.85%
6 Month3.82%
12 Month8.43%
2 Year20.3%
3 Year4.14%
5 Year27.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.33
ATR(20)%9.96%
ATR Inc-98.71%
Range Today0
ADR(20)0.01
ADR(20)%0.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.11
Mansfield-0.22
10 Day High16.6
10 Day Low16.31
20 Day High16.6
20 Day Low0
52 Week High16.6
52 Week Low0
CS1 End16.5
CR1 Start16.6
Volume & EV
DER(3)0%
DER(5)0%
Volume200
Volume Incr-76.29%
Vol(5)468.8
Vol(50)3.09K