Technical Analysis for CARU - Bank Of Montreal MAX Auto Industry 3x Leveraged ETN
ADX | Long Term | Intermediate Term | Short Term |
---|---|---|---|
Weak or Absent | Up | Up | Down |
Date | Alert Name | Type | % Chg |
---|---|---|---|
Volume Surge | Other | 0.00% | |
Narrow Range Bar | Range Contraction | 0.00% | |
Wide Bands | Range Expansion | 0.00% | |
Gapped Down | Weakness | 0.00% | |
Calm After Storm | Range Contraction | -3.40% | |
Narrow Range Bar | Range Contraction | -3.40% | |
Wide Bands | Range Expansion | -3.40% | |
Gapped Down | Weakness | -3.40% | |
Volume Surge | Other | -5.49% | |
Calm After Storm | Range Contraction | -5.49% |
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Bank Of Montreal MAX Auto Industry 3x Leveraged ETN Description
CARU is an aggressive and bullish one-day bet on the US auto industry. The fund provides 3x daily leveraged 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, CARU 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 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 | 30.8756 |
52 Week Low | 13.5401 |
Average Volume | 139 |
200-Day Moving Average | 21.31 |
50-Day Moving Average | 23.18 |
20-Day Moving Average | 24.63 |
10-Day Moving Average | 27.20 |
Average True Range | 1.07 |
RSI (14) | 54.55 |
ADX | 19.73 |
+DI | 52.28 |
-DI | 40.70 |
Chandelier Exit (Long, 3 ATRs) | 26.64 |
Chandelier Exit (Short, 3 ATRs) | 24.12 |
Upper Bollinger Bands | 30.19 |
Lower Bollinger Band | 19.06 |
Percent B (%b) | 0.62 |
BandWidth | 45.23 |
MACD Line | 1.37 |
MACD Signal Line | 1.18 |
MACD Histogram | 0.1883 |
Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
---|---|---|---|---|---|
Resistance 4 (R4) | 26.01 | ||||
Resistance 3 (R3) | 26.01 | 26.00 | 26.01 | ||
Resistance 2 (R2) | 26.00 | 25.99 | 26.00 | 26.01 | |
Resistance 1 (R1) | 25.99 | 25.99 | 26.00 | 26.00 | 26.01 |
Pivot Point | 25.98 | 25.98 | 25.98 | 25.98 | 25.98 |
Support 1 (S1) | 25.98 | 25.97 | 25.98 | 25.98 | 25.97 |
Support 2 (S2) | 25.96 | 25.97 | 25.97 | 25.97 | |
Support 3 (S3) | 25.96 | 25.96 | 25.97 | ||
Support 4 (S4) | 25.96 |