Technical Analysis for DRFC - Desjardins RI Canada Multifactor - Low CO2 ETF

Grade Last Price % Change Price Change
A 29.100 1.04% 0.300
DRFC closed up 1.04 percent on Friday, July 26, 2024, on 32 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 Up Up Flat

Date Alert Name Type % Chg
180 Bullish Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Three Weeks Tight Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Sell Signal Bearish 1.04%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 1.04%
Overbought Stochastic Strength 1.04%
Down 3 Days in a Row Weakness 1.04%
Gapped Down Weakness 1.04%

   Recent Intraday Alerts

Alert Time
Non-ADX 1,2,3,4 Pullback Entry about 11 hours ago
Rose Above Previous Day's High about 11 hours ago
Rose Above 10 DMA about 11 hours ago
Up 1 ATR about 11 hours ago
1.5x Volume Pace 1 day ago

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Profile

DRFC seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a Canadian index that employs a multifactor approach. Currently, DRFC seeks to replicate the performance of the Scientific Beta Desjardins Canada RI Low Carbon Multifactor Index, net of fees and expenses. Under normal market conditions, DRFC will primarily invest in large and mid-cap companies from the Scientific Beta Canada Universe while seeking to deliver a significant reduction in the weighted average carbon intensity of DRFC’s portfolio relative to the cap-weighted Index of the Scientific Beta Canada Universe and ensuring that all Constituent Issuers meet Pre-Determined ESG Standards.
Classification

Keywords: Carbon Financial Ratios Mathematical Finance Universe Beta Suri Fundamental Analysis

Top 10 Components

Symbol Grade Price % Change Allocation
CSU A 2.74 3.48
MFC B 0.76 3.29
CNQ D 0.06 3.24
ATD B 0.27 2.96
ENB A 0.94 2.94
BNS C 0.70 2.94
CCO D 1.44 2.63
CP C 1.63 2.48

Is DRFC 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 29.17
52 Week Low 23.0548
Average Volume 1,055
200-Day Moving Average 26.587
50-Day Moving Average 28.085
20-Day Moving Average 28.630
10-Day Moving Average 28.997
Average True Range 0.174
RSI (14) 64.66
ADX 22.72
+DI 46.873
-DI 31.009
Chandelier Exit (Long, 3 ATRs) 28.647
Chandelier Exit (Short, 3 ATRs) 28.113
Upper Bollinger Bands 29.505
Lower Bollinger Band 27.754
Percent B (%b) 0.77
BandWidth 6.113
MACD Line 0.322
MACD Signal Line 0.313
MACD Histogram 0.0083
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.175
Resistance 3 (R3) 29.167 29.133 29.163
Resistance 2 (R2) 29.133 29.114 29.138 29.158
Resistance 1 (R1) 29.117 29.102 29.125 29.125 29.154
Pivot Point 29.083 29.083 29.088 29.088 29.083
Support 1 (S1) 29.067 29.064 29.075 29.075 29.046
Support 2 (S2) 29.033 29.052 29.038 29.042
Support 3 (S3) 29.017 29.033 29.038
Support 4 (S4) 29.025