driveSummit channel break
+ New bullish trend line
What is the right decision to buy or wait for confirmation of the new bullish trend?
Key stats
About Global X Autonomous & Electric Vehicles ETF
Expense ratio
0.68%
Home page
Inception date
Apr 13, 2018
DRIV uses a proprietary natural language processing algorithm to identify companies with exposure to one of three segments: electronic vehicles (EV), electric vehicle components (EVC), and autonomous vehicle technology (AVT). The EVC segment is further split into two sub-groups: components and materials. Holdings may span the market-cap spectrum and come from across the globe, including some emerging markets. The algorithm scores eligible companies within each segment based on how frequently each firm is referenced in relation to specific keywords in public documents, such as financial news. The index is comprised of the top 15 companies in EV, top 30 in EVC (15 in each sub-group) and top 30 in AVT. The index uses a modified market-cap weighting, assigning 2% weight to each company in the bottom 20% of its segment, and capping all others at 3%. The index is reconstituted semi-annually.
Classification
What's in the fund
Exposure type
Electronic Technology
Consumer Durables
Producer Manufacturing
Stock breakdown by region
DRIVDRIV broke out of a range and this massive price shelf provides a nice base for the next leg up. A total of 15 billion in the infrastructure bill is dedicated towards EV and EV infrastructure.
DRIV LongDRIV with renewable energy and technology shares will grow until next summer. Then wait for more with the new support/incentives from government
DRIV: Weekly Break OutDRIV has consolidated in a rectangle box for several weeks and just breaking out. RSI confirming.
Good for Tesla or perhaps this is moving bc of TSLA
Bullish- Long PlayWill be watching the DRIV etf closely here-
- Buyer volume starting to pick up again with a general rotation back into growth
- Sitting right on top of its 50day EMA
- Bullish, looking for a breakout from this channel it's been holding for a while now
Global X Autonomous & Electric Vehicles ETF (DRIV)An extract from today's Active Trading Plan.
- The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (“EVs”), and EV components and materials. This includes companies involved in the deve
autonomous auto darlings seem to be stucknot much progress last months. Can make the argument this is consolidation & accumulation. We'll see.
DRIV EV bull run 2.0EV sector looks to be setting up for another bull run. Bounce off MA20 on weekly
DRIV:NASDAQ - Global X Autonomous & Electric Vehicles ETFIf you're over trying to guess which electric car company is going to be the winner, then this ETF could be for you.
The Global X Autonomous & Electric Vehicles ETF (DRIV) seeks to invest in companies involved in the development of autonomous vehicle technology, electric vehicles (“EVs”), and EV c
$DRIV Interesting here, bounced back into the wedge.Plenty of buy volume recently, bounced back into the wedge. let's see how it plays out.
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