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DESJARDINS RI EMERGING MARKE (DRFE.CA) Stock Technical Analysis

TSX:DRFE - Toronto Stock Exchange - CA25060F1009 - ETF - Currency: CAD

24.1  +0.04 (+0.17%)

Technical Rating and Analysis

7

Taking everything into account, DRFE scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DRFE is only an average performer.

Warning: DRFE has an average volume of 1958 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
DRFE is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
When comparing the performance of all stocks over the past year, DRFE turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
In the last month DRFE has a been trading in a tight range between 23.42 and 24.44.

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Weekly and Daily overview Charts
DESJARDINS RI EMERGING MARKE / DRFE Weekly stock chart
DESJARDINS RI EMERGING MARKE / DRFE Daily stock chart
Setup Rating and Analysis

7

DRFE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 24.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.05, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

21.74

24.52

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 22.61 to 24.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @21.96 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 24.25 to 24.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.36
Mansfield0.24
10 Day High24.44
10 Day Low23.42
20 Day High24.44
20 Day Low23.42
52 Week High24.44
52 Week Low20.77
Performance
1 Week1.69%
2 Weeks-0.74%
1 Month1.6%
3 Month2.82%
6 Month8.41%
12 Month14.65%
2 Year25.06%
3 Year20.02%
5 Year28.19%
10 YearN/A
15 YearN/A

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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)

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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)-0.02
RSI(14)56.94
LBB23.72
UBB24.37

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
24.2923.410.88 (3.62%)25.00%
An entry @24.29. This is a Buy Stop order right above the resistance zone.An exit @23.41. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.88 points, which is 3.62%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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DESJARDINS RI EMERGING MARKE / DRFE Daily stock chart

DESJARDINS RI EMERGING MARKE

TSX:DRFE (3/7/2025, 7:00:00 PM)

24.1

+0.04 (+0.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.17%
1 Week1.69%
2 Weeks-0.74%
1 Month1.6%
3 Month2.82%
6 Month8.41%
12 Month14.65%
2 Year25.06%
3 Year20.02%
5 Year28.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%0.95%
ATR Inc-32.19%
Range Today0.05
ADR(20)0.16
ADR(20)%0.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.36
Mansfield0.24
10 Day High24.44
10 Day Low23.42
20 Day High24.44
20 Day Low23.42
52 Week High24.44
52 Week Low20.77
CS1 End24.05
CR1 Start24.25
Volume & EV
DER(3)-0.61%
DER(5)0.84%
Volume950
Volume Incr6.88%
Vol(5)2.48K
Vol(50)1.96K