Bmo International Dividend Hedged To Cad ETF Forecast
Stronger technical forecast for Bmo International Dividend Hedged To Cad ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Bmo International Dividend Hedged To Cad ETF price gained 0.0724% on the last trading day (Friday, 28th Jun 2024), rising from $27.61 to $27.63. During the last trading day the ETF fluctuated 0.181% from a day low at $27.62 to a day high of $27.67. The price has risen in 6 of the last 10 days and is up by 1.21% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 4 thousand shares were bought and sold for approximately $108.42 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 ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $27.72 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Bmo International Dividend Hedged To Cad ETF with a 90% probability to be traded between $26.64 and $27.24 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ZDH.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Bmo International Dividend Hedged To Cad ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $27.68. On a fall, the ETF will find some support from the short-term average at $27.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -0.540%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 International Dividend Hedged To Cad ETF
Bmo International Dividend Hedged To Cad finds support from accumulated volume at $27.61 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 $0.0500 between high and low, or 0.181%. For the last week the ETF has had daily average volatility of 0.399%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZDH.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Bmo International Dividend Hedged To Cad Etf to open at $27.64, and during the day (based on 14 day Average True Range), to move between $27.45 and $27.81, which gives a possible trading interval of +/-$0.179 (+/-0.65%) up or down from last closing price. If Bmo International Dividend Hedged To Cad Etf takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.61 (0.07%) than the resistance at $27.71 (0.29%), 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 International Dividend Hedged To Cad Etf ETF A Buy?
Bmo International Dividend Hedged To Cad holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.077 Sell Candidate Upgraded
Predicted Opening Price for Bmo International Dividend Hedged To Cad Etf of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $27.64 ( 0.0362%) | $27.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZDH.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.69 | 0.217% |
| R2 | 27.67 | 0.148% |
| R1 | 27.66 | 0.105% |
| Price | 27.63 | |
| S1 | 27.62 | -0.0329% |
| S2 | 27.61 | -0.0756% |
| S3 | 27.59 | -0.145% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.92 | 1.05% |
| R2 | 27.78 | 0.543% |
| R1 | 27.71 | 0.290% |
| Price | 27.63 | |
| S1 | 27.61 | -0.0724% |
| S2 | 27.44 | -0.688% |
| S3 | 27.41 | -0.796% |
FAQ
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