Technical Analysis for CARB - Horizons Carbon Credits ETF

Grade Last Price % Change Price Change
C 7.190 1.41% 0.100
CARB closed up 1.41 percent on Wednesday, November 20, 2024, on 46 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Crossed Above 50 DMA Bullish 1.41%
Bollinger Band Squeeze Range Contraction 1.41%
Narrow Range Bar Range Contraction 1.41%
Gapped Up Strength 1.41%
Overbought Stochastic Strength 1.41%
Fell Below 50 DMA Bearish 3.01%

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Profile

The Horizons Carbon Credits ETF seeks to replicate, to the extent possible and net of expenses, the performance of an index that seeks to provide exposure to investments in cap-and-trade carbon allowances. Currently, the ETF seeks to replicate the performance of the Horizons Carbon Credits Rolling Futures Index (Excess Return), net of expenses. The ETF seeks to hedge any non-Canadian dollar portfolio exposure back to the Canadian dollar at all times. As a result, the returns of the ETF are expected to differ from those of its Underlying Index, which does not include currency hedging.
Classification

Keywords: Exchange Traded Funds Inverse Exchange Traded Fund

Is CARB a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.74
52 Week Low 5.43
Average Volume 870
200-Day Moving Average 7.907
50-Day Moving Average 6.968
20-Day Moving Average 6.839
10-Day Moving Average 6.954
Average True Range 0.142
RSI (14) 57.81
ADX 11.5
+DI 53.715
-DI 36.423
Chandelier Exit (Long, 3 ATRs) 6.764
Chandelier Exit (Short, 3 ATRs) 6.796
Upper Bollinger Bands 7.264
Lower Bollinger Band 6.413
Percent B (%b) 0.91
BandWidth 12.435
MACD Line 0.052
MACD Signal Line -0.003
MACD Histogram 0.0545
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.190
Resistance 3 (R3) 7.190 7.190 7.190
Resistance 2 (R2) 7.190 7.190 7.190 7.190
Resistance 1 (R1) 7.190 7.190 7.190 7.190 7.190
Pivot Point 7.190 7.190 7.190 7.190 7.190
Support 1 (S1) 7.190 7.190 7.190 7.190 7.190
Support 2 (S2) 7.190 7.190 7.190 7.190
Support 3 (S3) 7.190 7.190 7.190
Support 4 (S4) 7.190