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

Grade Last Price % Change Price Change
C 25.99 -3.40% -0.92
CARU closed down 3.4 percent on Wednesday, November 20, 2024, on 3.67 times normal volume.
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Trend Table & Recent EOD Trading Signals

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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Profile

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

Top 10 Components

Symbol Grade Price % Change Allocation
TSLA B 0.00 11.83
F C 0.00 10.52
GM B 0.00 10.14
RIVN F 0.00 8.97
ORLY B 0.00 8.54
CVNA B 0.00 8.54
AZO C 0.00 8.54
KMX C 0.00 4.15
GPC F 0.00 4.01
STLA F 0.00 3.91

Is CARU 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 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