(DMEC) Desjardins Canadian Equity - Ratings and Ratios

Desjardins Canadian Equity Index ETF (DMEC) is a Canadian equity-focused exchange-traded fund listed on the Toronto Stock Exchange. It tracks the Morningstar Canada GR CAD Index, offering exposure to a broad range of Canadian equities. The fund is designed to replicate the performance of its underlying index, providing diversification across various sectors of the Canadian economy.

From a technical standpoint, DMEC has shown a recent price of $23.33, with a 20-day average volume of 7,013 shares. The funds short-term trend, as indicated by its 20-day moving average (SMA 20) of $23.61, suggests recent strength, though it has slightly declined from its 50-day moving average of $23.29. The 200-day moving average of $21.89 highlights a longer-term upward trend. Volatility, as measured by the Average True Range (ATR) of 0.17, remains relatively low, indicating stable price movements.

Fundamentally, DMEC manages assets under management (AUM) of $492.33 million CAD, positioning it as a mid-sized ETF in its category. This scale reflects a balance between liquidity and diversification, making it accessible for investors seeking exposure to the Canadian equity market without excessive concentration risk.

3-month forecast: Based on the technical and fundamental data, DMEC is expected to maintain its upward momentum, supported by the broader strength of the Canadian equity market. The funds low volatility (ATR: 0.17) and stable asset base ($492.33M CAD AUM) suggest a moderate growth outlook. The 20-day moving average ($23.61) and 50-day moving average ($23.29) indicate a potential range-bound movement in the near term, with an upside target near $24.00 if the index continues its upward trend. The 200-day moving average ($21.89) provides a key support level, suggesting limited downside risk.