DESJARDINS RI DEVELOPED EX-U (DRMD.CA) Stock Technical Analysis
TSX:DRMD - Toronto Stock Exchange - CA25060L1076 - ETF - Currency: CAD
Taking everything into account, DRMD scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DRMD is only an average performer.
Besides having an excellent technical rating, DRMD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 29.16, a Stop Loss order could be placed below this zone.
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24.73
4 important support areas can be observed.
- A support zone ranging from 28.70 to 29.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.80 from a trend line in the weekly time frame.
- Support @25.69 from a horizontal line in the weekly time frame.
- Support @24.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.31 to 29.85. 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 DRMD.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRMD.CA is up. |
| ChartMill Relative Strength | 63.82 | NEUTRAL | DRMD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRMD.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRMD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRMD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.84 | NEUTRAL | The RSI value for DRMD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DRMD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for DRMD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for DRMD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.79 | NEGATIVE | The low ADX value for DRMD.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 29.43 | 29.01 | 0.42 (1.44%) | 25.00% |
| An entry @29.43. This is a Buy Stop order right above the 10 day moving average. | An exit @29.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.42 points, which is 1.44%. | For a 0.36% 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 DRMD. 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:DRMD (7/11/2025, 7:00:00 PM)
29.3
-0.27 (-0.91%)