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Bmo Equal Weight Us Banks Index Etf ETF Forecast

$28.79
+0.0100 (+0.0347%)
At Close: Jun 26, 2024
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ZBK.TO
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Green day on Wednesday for Bmo Equal Weight Us Banks Index Etf
(Updated on Jun 26, 2024)

Buy or Hold candidate since Jun 12, 2024 Gain 0.49% PDF

The Bmo Equal Weight Us Banks Index Etf ETF price gained 0.0347% on the last trading day (Wednesday, 26th Jun 2024), rising from $28.78 to $28.79. During the last trading day the ETF fluctuated 0.81% from a day low at $28.56 to a day high of $28.79. The price has been going up and down for this period, and there has been a 0.49% gain for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 19 thousand shares were bought and sold for approximately $555.65 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bmo Equal Weight Us Banks Index Etf ETF with a 90% probability to be traded between $28.10 and $30.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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ZBK.TO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bmo Equal Weight Us Banks Index Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.83 and $29.26. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Bmo Equal Weight Us Banks Index Etf ETF

Bmo Equal Weight Us Banks Index Etf finds support from accumulated volume at $28.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.230 between high and low, or 0.81%. For the last week the ETF has had daily average volatility of 1.11%

Our recommended stop-loss: $27.28 (-5.25%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (ZBK.TO) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Bmo Equal Weight Us Banks Index Etf to open at $28.71, and during the day (based on 14 day Average True Range), to move between $28.44 and $29.14, which gives a possible trading interval of +/-$0.353 (+/-1.23%) up or down from last closing price. If Bmo Equal Weight Us Banks Index Etf takes out the full calculated possible swing range there will be an estimated 2.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.74 (0.17%) than the resistance at $29.01 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bmo Equal Weight Us Banks Index Etf ETF A Buy?

Bmo Equal Weight Us Banks Index Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.060 Hold/Accumulate Unchanged

Predicted Opening Price for Bmo Equal Weight Us Banks Index Etf of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
$28.71 ( 0.266%) $28.79

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ZBK.TO

Fibonacci Support & Resistance Levels

Level Price
R3 28.94 0.533%
R2 28.86 0.227%
R1 28.80 0.0389%
Price 28.79
S1 28.63 -0.571%
S2 28.57 -0.760%
S3 28.48 -1.07%

Accumulated Volume Support & Resistance Levels

Level Price
R3 29.94 3.99%
R2 29.15 1.25%
R1 29.01 0.764%
Price 28.79
S1 28.74 -0.174%
S2 28.65 -0.486%
S3 28.24 -1.91%

FAQ

What is the symbol for Bmo Equal Weight Us Banks Index Etf ETF and on which exchange is it traded?
The symbol for Bmo Equal Weight Us Banks Index Etf is ZBK.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Bmo Equal Weight Us Banks Index Etf ETF?
Bmo Equal Weight Us Banks Index Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Bmo Equal Weight Us Banks Index Etf ETF?
Bmo Equal Weight Us Banks Index Etf ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bmo Equal Weight Us Banks Index Etf ETF.

What's the current price of Bmo Equal Weight Us Banks Index Etf ETF?
As of the end of day on the Jun 26, 2024, the price of an Bmo Equal Weight Us Banks Index Etf (ZBK.TO) share was $28.79.

What is the 52-week high and low for Bmo Equal Weight Us Banks Index Etf ETF?
The 52-week high for Bmo Equal Weight Us Banks Index Etf ETF is $30.45 and the 52-week low is $20.15.

What is the market capitalization of Bmo Equal Weight Us Banks Index Etf ETF?
As of the Jun 26, 2024, the market capitalization of Bmo Equal Weight Us Banks Index Etf is 665.836M.
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