Technical Analysis for DRMC - Desjardins Ri Canada-Low Co2 Index ETF

Grade Last Price % Change Price Change
A 31.170 0.71% 0.220
DRMC closed up 0.71 percent on Friday, October 11, 2024, on 1.28 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
MACD Bullish Signal Line Cross Bullish 0.00%
New 52 Week Closing High Bullish 0.00%
New Uptrend Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.71%

   Recent Intraday Alerts

Alert Time
Possible Pocket Pivot about 20 hours ago
Up 1 ATR about 21 hours ago
Gapped Up (Full) 1 day ago
Rose Above Previous Day's High 1 day ago
New 52 Week High 1 day ago

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Profile

DRMC seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a Canadian cap-weighted equity index. Currently, DRMC seeks to replicate the performance of the Scientific Beta Desjardins Canada RI Low Carbon Index, net of fees and expenses. Under normal market conditions, DRMC 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 DRMC’s portfolio and ensuring that all Constituent Issuers meet Pre-Determined ESG Standards.
Classification

Keywords: Stock Market Index Carbon Financial Ratios Mathematical Finance Universe Beta Suri

Top 10 Components

Symbol Grade Price % Change Allocation
ENB A 0.62 3.92
CP B 1.21 3.43
SHOP B 0.69 3.20
BN B 1.06 2.89
CSU B 1.76 2.79
CNR D 0.73 2.73
BMO B 1.76 2.67
BNS B 0.94 2.49

Is DRMC 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 31.24
52 Week Low 23.043
Average Volume 1,124
200-Day Moving Average 27.947
50-Day Moving Average 29.644
20-Day Moving Average 30.551
10-Day Moving Average 30.723
Average True Range 0.198
RSI (14) 74.29
ADX 25.27
+DI 53.019
-DI 22.244
Chandelier Exit (Long, 3 ATRs) 30.646
Chandelier Exit (Short, 3 ATRs) 30.274
Upper Bollinger Bands 31.030
Lower Bollinger Band 30.072
Percent B (%b) 1.15
BandWidth 3.135
MACD Line 0.360
MACD Signal Line 0.351
MACD Histogram 0.0092
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.335
Resistance 3 (R3) 31.340 31.290 31.308
Resistance 2 (R2) 31.290 31.248 31.288 31.298
Resistance 1 (R1) 31.230 31.222 31.260 31.225 31.289
Pivot Point 31.180 31.180 31.195 31.178 31.180
Support 1 (S1) 31.120 31.138 31.150 31.115 31.051
Support 2 (S2) 31.070 31.112 31.068 31.042
Support 3 (S3) 31.010 31.070 31.033
Support 4 (S4) 31.005