GLOBAL X CARBON CREDITS ETF (CARB.CA) Stock Technical Analysis
TSX:CARB - Toronto Stock Exchange - CA3799451081 - ETF - Currency: CAD
We assign a technical rating of 0 out of 10 to CARB. CARB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, CARB is a bad performer in the overall market: 79% of all stocks are doing better.
In the last month CARB has a been trading in the 6.67 - 8.36 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: CARB has an average volume of 1163 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CARB is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
The technical rating of CARB is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.36
8.44
When analyzing the support we notice one important area.
- A support zone ranging from 6.42 to 6.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.21 to 8.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.36 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.09
Mansfield-1.37
10 Day High8.36
10 Day Low6.67
20 Day High8.36
20 Day Low6.67
52 Week High8.37
52 Week Low5.43
Performance
1 Week-12.24%
2 Weeks-19.05%
1 Month-15.03%
3 Month-5.52%
6 Month-9.74%
12 Month-19.93%
2 Year-32.69%
3 Year-27.18%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.21
RSI(14)27.46
LBB6.53
UBB8.9
TSX:CARB (3/6/2025, 7:00:00 PM)
6.67
-0.2 (-2.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.91%
1 Week-12.24%
2 Weeks-19.05%
1 Month-15.03%
3 Month-5.52%
6 Month-9.74%
12 Month-19.93%
2 Year-32.69%
3 Year-27.18%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%2.44%
ATR Inc-35.53%
Range Today0
ADR(20)0.07
ADR(20)%0.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.09
Mansfield-1.37
10 Day High8.36
10 Day Low6.67
20 Day High8.36
20 Day Low6.67
52 Week High8.37
52 Week Low5.43
CS1 End6.5
CR1 Start8.21
Volume & EV
DER(3)-16.67%
DER(5)-10%
Volume100
Volume Incr-64.18%
Vol(5)546
Vol(50)1.16K