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DESJARDINS INTERN EQ IN ETF (DMEI.CA) Stock Technical Analysis

TSX:DMEI - Toronto Stock Exchange - CA25060R1047 - ETF - Currency: CAD

23.24  +0.01 (+0.04%)

Technical Rating and Analysis

8

Taking everything into account, DMEI scores 8 out of 10 in our technical rating. Although DMEI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: DMEI has an average volume of 7502 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.
DMEI 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.
DMEI 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.
When compared to the yearly performance of all other stocks, DMEI outperforms 56% of them, which is more or less in line with the market.
In the last month DMEI has a been trading in a tight range between 22.78 and 23.30.
Weekly and Daily overview Charts
DESJARDINS INTERN EQ IN ETF / DMEI Weekly stock chart
DESJARDINS INTERN EQ IN ETF / DMEI Daily stock chart
Setup Rating and Analysis

8

DMEI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.18, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

19.53

23.52

3 important support areas can be observed.

  • A support zone ranging from 22.26 to 23.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 20.25 to 20.29. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Support @19.73 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 23.25 to 23.29. 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 DMEI.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for DMEI.CA is up.
ChartMill Relative Strength56.01NEUTRALDMEI.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of DMEI.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of DMEI.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of DMEI.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)62.28NEUTRALThe RSI value for DMEI.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.03NEGATIVEThe MACD value suggests DMEI.CA has a negative trend.
Stochastics (14,3)91.42OVERBOUGHTThe high Stochastics value suggests DMEI.CA may be overbought.
Average True Range in percent/ATR (20)0.57LOW VOLATILITYThe low ATR as a percentage value for DMEI.CA suggests low volalility.
Average Directional Index/ADX (14)25.73POSITIVEThe high ADX value value for DMEI.CA suggests a strong 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
23.3022.990.31 (1.33%)25.00%
An entry @23.30. This is a Buy Stop order right above the resistance zone.An exit @22.99. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.31 points, which is 1.33%.For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
DESJARDINS INTERN EQ IN ETF / DMEI Daily stock chart

DESJARDINS INTERN EQ IN ETF

TSX:DMEI (6/12/2025, 7:00:00 PM)

23.24

+0.01 (+0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week0.56%
2 Weeks0.48%
1 Month1.93%
3 Month1.89%
6 Month9.57%
12 Month12.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.57%
ATR Inc-56.98%
Range Today0.07
ADR(20)0.08
ADR(20)%0.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.01
Mansfield0.27
10 Day High23.28
10 Day Low23
20 Day High23.3
20 Day Low22.78
52 Week High23.3
52 Week Low19.5
CS1 End23.18
CR1 Start23.25
Volume & EV
DER(3)-2.05%
DER(5)-0.76%
Volume15.46K
Volume Incr68.18%
Vol(5)9.87K
Vol(50)7.50K