DESJARDINS RI DEVELOPED EX-U (DRFD.CA) Stock Technical Analysis
TSX:DRFD - Toronto Stock Exchange - CA25059J1057 - ETF - Currency: CAD
Overall DRFD gets a technical rating of 10 out of 10. Both in the recent history as in the last year, DRFD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: DRFD has an average volume of 1005 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.
Looking at the yearly performance, DRFD did better than 81% of all other stocks. On top of that, DRFD also shows a nice and consistent pattern of rising prices.
DRFD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so DRFD is leading the market.
DRFD 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.
Besides having an excellent technical rating, DRFD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. 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.
More info and screens
18.99
28.20
6 important support areas can be observed.
- Support @27.30 from a horizontal line in the daily time frame.
- Support @24.91 from a trend line in the weekly time frame.
- Support @23.71 from a horizontal line in the weekly time frame.
- A support zone ranging from 23.16 to 23.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.33 from a horizontal line in the daily time frame.
- Support @19.18 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.51 to 27.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 DRFD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRFD.CA is up. |
| ChartMill Relative Strength | 81.13 | POSITIVE | DRFD.CA has a high relative strength, it outperformed 81.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRFD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRFD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRFD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.04 | NEUTRAL | The RSI value for DRFD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DRFD.CA has a negative trend. |
| Stochastics (14,3) | 38.8 | NEUTRAL | The Stochastics value for DRFD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for DRFD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 19.1 | NEGATIVE | The low ADX value for DRFD.CA suggests a weak or negative 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 |
|---|---|---|---|
| 27.52 | 27.29 | 0.23 (0.85%) | 25.00% |
| An entry @27.52. This is a Buy Stop order right above the 10 day moving average. | An exit @27.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 0.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- The distance between exit and entry is rather small compared to the average daily movement of DRFD. 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.
TSX:DRFD (6/5/2025, 7:00:00 PM)
27.31
-0.2 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.73%
1 Week-0.73%
2 Weeks1.19%
1 Month15.18%
3 Month7.44%
6 Month15.04%
12 Month38.56%
2 Year33.81%
3 Year42.61%
5 Year49.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.48%
ATR Inc-70.78%
Range Today0
ADR(20)0.17
ADR(20)%0.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.13
Mansfield0.51
10 Day High27.92
10 Day Low27
20 Day High29.18
20 Day Low24.87
52 Week High29.18
52 Week Low0
CS1 End27.3
CR1 Start27.51
Volume & EV
DER(3)0%
DER(5)0%
Volume112
Volume Incr-42.22%
Vol(5)554.2
Vol(50)1.01K