DESJARDINS RI USA - NET-ZERO (DRMU.CA) Stock Technical Analysis
TSX:DRMU - Toronto Stock Exchange - CA25060W1032 - ETF - Currency: CAD
We assign a technical rating of 5 out of 10 to DRMU. In the past year, DRMU was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: DRMU has an average volume of 1575 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
DRMU 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, DRMU outperforms 55% of them, which is more or less in line with the market.
DRMU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DRMU is lagging the market slightly.
DRMU has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
37.24
47.43
We found 2 important support areas.
- A support zone ranging from 42.57 to 43.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.62 to 39.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @43.84 from a horizontal line in the daily time frame.
- Resistance @44.77 from a horizontal line in the daily time frame.
- A resistance zone ranging from 46.96 to 46.96. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for DRMU.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DRMU.CA is up. |
| ChartMill Relative Strength | 55.01 | NEUTRAL | DRMU.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRMU.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRMU.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRMU.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.8 | NEUTRAL | The RSI value for DRMU.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DRMU.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.99 | NEUTRAL | The Stochastics value for DRMU.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for DRMU.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.92 | NEGATIVE | The low ADX value for DRMU.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)
TSX:DRMU (6/6/2025, 7:00:00 PM)
43.83
+0.55 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.27%
1 Week1.62%
2 Weeks1.34%
1 Month6.67%
3 Month-0.59%
6 Month-4.88%
12 Month12.3%
2 Year37.61%
3 Year68.38%
5 Year85.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%1.1%
ATR Inc-7.71%
Range Today0.17
ADR(20)0.21
ADR(20)%0.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.01
Mansfield-0.18
10 Day High43.83
10 Day Low42.45
20 Day High44.36
20 Day Low41.13
52 Week High47.42
52 Week Low36.8
CS1 End43.82
CR1 Start43.84
Volume & EV
DER(3)0%
DER(5)0%
Volume300
Volume Incr-61.11%
Vol(5)392.6
Vol(50)1.58K