Technical Analysis for CARD - Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 20 DMA | Bullish | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| BB Squeeze Started | Range Contraction | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Multiple of Ten Bullish | Other | 2.81% | |
| BB Squeeze Ended | Range Expansion | 2.81% | |
| Gapped Down | Weakness | 2.81% | |
| Bollinger Band Squeeze | Range Contraction | 2.61% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 19 hours ago |
| Rose Above 10 DMA | about 19 hours ago |
| Up 1% | about 19 hours ago |
| 2x Volume Pace | 2 days ago |
| 1.5x Volume Pace | 2 days ago |
Get a Trading Sidekick!
Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN Description
CARD makes a big and bearish one-day bet against the US auto industry. The fund provides 3x daily inverse exposure to a modified liquidity-weighted index that includes firms engaged in automobile manufacturing, automobile parts and retail, and car dealing. The index defines the industries based on the North American Industry Classification System (NAICS) and selects US-listed equities, excluding ETPs. The fund gains its international exposure through the use of ADRs, but will specifically exclude issuers organized in Canada or China. As a geared product, CARD is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the index due to daily compounding. Since the fund uses an ETN structure, investors assume the credit risk of the issuer.
Classification
Keywords: Exchange Traded Funds Exchange Traded Note Short Term Trading Tool Automobile Manufacturing Car Dealing
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 36.23 |
| 52 Week Low | 8.56 |
| Average Volume | 2,186 |
| 200-Day Moving Average | 14.19 |
| 50-Day Moving Average | 10.38 |
| 20-Day Moving Average | 10.47 |
| 10-Day Moving Average | 10.25 |
| Average True Range | 0.35 |
| RSI (14) | 51.22 |
| ADX | 8.45 |
| +DI | 42.22 |
| -DI | 44.56 |
| Chandelier Exit (Long, 3 ATRs) | 10.08 |
| Chandelier Exit (Short, 3 ATRs) | 10.55 |
| Upper Bollinger Bands | 11.26 |
| Lower Bollinger Band | 9.68 |
| Percent B (%b) | 0.51 |
| BandWidth | 15.05 |
| MACD Line | -0.10 |
| MACD Signal Line | -0.09 |
| MACD Histogram | -0.0155 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 10.72 | ||||
| Resistance 3 (R3) | 10.70 | 10.59 | 10.68 | ||
| Resistance 2 (R2) | 10.59 | 10.53 | 10.61 | 10.67 | |
| Resistance 1 (R1) | 10.54 | 10.50 | 10.57 | 10.57 | 10.66 |
| Pivot Point | 10.44 | 10.44 | 10.45 | 10.45 | 10.44 |
| Support 1 (S1) | 10.39 | 10.38 | 10.41 | 10.41 | 10.32 |
| Support 2 (S2) | 10.28 | 10.34 | 10.30 | 10.31 | |
| Support 3 (S3) | 10.23 | 10.28 | 10.30 | ||
| Support 4 (S4) | 10.26 |
