Bmo Msci Eafe Hedged To Cad Index Etf ETF Forecast

Evaluation of Bmo Msci Eafe Hedged To Cad Index Etf ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)

ZDM.TO Signals & Forecast

Bmo Msci Eafe Hedged To Cad Index Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bmo Msci Eafe Hedged To Cad 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 $29.91 and $30.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.81%. 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).

Support, Risk & Stop-loss for Bmo Msci Eafe Hedged To Cad Index Etf ETF

Bmo Msci Eafe Hedged To Cad Index Etf finds support from accumulated volume at $29.79 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.160 between high and low, or 0.539%. For the last week the ETF has had daily average volatility of 0.328%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZDM.TO) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Bmo Msci Eafe Hedged To Cad Index Etf to open at $29.80, and during the day (based on 14 day Average True Range), to move between $29.62 and $30.02, which gives a possible trading interval of +/-$0.196 (+/-0.66%) up or down from last closing price. If Bmo Msci Eafe Hedged To Cad Index Etf takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $29.79 (0.10%) than the resistance at $29.89 (0.23%), 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 Msci Eafe Hedged To Cad Index Etf ETF A Buy?

The Bmo Msci Eafe Hedged To Cad Index Etf ETF holds several negative signals and despite the positive trend, we believe Bmo Msci Eafe Hedged To Cad Index Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.372 Sell Candidate Downgraded

Predicted Opening Price for Bmo Msci Eafe Hedged To Cad Index Etf of Tuesday, July 2, 2024

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