Technical Analysis for CARD - Bank Of Montreal MAX Auto Industry -3x Inverse Leveraged ETN

Grade Last Price % Change Price Change
F 7.92 -2.65% -0.22
CARD closed up 3.26 percent on Wednesday, November 20, 2024, on 18 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction -2.65%
Wide Bands Range Expansion -2.65%
Gapped Up Strength -2.65%
Narrow Range Bar Range Contraction 0.52%
Wide Bands Range Expansion 0.52%
Gapped Up Strength 0.52%
Narrow Range Bar Range Contraction 2.69%
Wide Bands Range Expansion 2.69%
Gapped Down Weakness 2.69%
Oversold Stochastic Weakness 2.69%

   Recent Intraday Alerts

Alert Time
1.5x Volume Pace 41 minutes ago
Fell Below Previous Day's Low 41 minutes ago
Down 2 % 41 minutes ago
Down 1% 41 minutes ago
Rose Above Previous Day's High 2 days ago

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Profile

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

Top 10 Components

Symbol Grade Price % Change Allocation
TSLA B -0.10 11.83
F C 0.14 10.52
GM B 1.00 10.14
RIVN F 0.05 8.97
ORLY B 1.17 8.54
CVNA B 1.11 8.54
AZO C 0.00 8.54
KMX C 5.11 4.15
GPC F 1.27 4.01
STLA F -0.23 3.91

Is CARD 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 27.78
52 Week Low 7.2302
Average Volume 2,026
200-Day Moving Average 13.32
50-Day Moving Average 9.85
20-Day Moving Average 8.87
10-Day Moving Average 7.87
Average True Range 0.40
RSI (14) 40.83
ADX 20.96
+DI 38.14
-DI 51.53
Chandelier Exit (Long, 3 ATRs) 9.65
Chandelier Exit (Short, 3 ATRs) 8.44
Upper Bollinger Bands 11.06
Lower Bollinger Band 6.68
Percent B (%b) 0.33
BandWidth 49.37
MACD Line -0.68
MACD Signal Line -0.62
MACD Histogram -0.0513
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.25
Resistance 3 (R3) 8.26 8.23 8.23
Resistance 2 (R2) 8.23 8.21 8.23 8.22
Resistance 1 (R1) 8.19 8.19 8.17 8.17 8.22
Pivot Point 8.16 8.16 8.15 8.15 8.16
Support 1 (S1) 8.11 8.13 8.10 8.10 8.06
Support 2 (S2) 8.09 8.11 8.08 8.05
Support 3 (S3) 8.04 8.09 8.04
Support 4 (S4) 8.03