Bmo Us Dividend Etf ETF Forecast
Evaluation of Bmo Us Dividend Etf ETF downgraded after the last trading session.
(Updated on Jun 24, 2024)
No changes to the price of Bmo Us Dividend Etf ETF on the last trading day (Monday, 24th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $41.43 to a day high of $41.43. The price has risen in 5 of the last 10 days and is up by 0.53% over the past 2 weeks.
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 $41.47 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Bmo Us Dividend Etf ETF with a 90% probability to be traded between $41.72 and $42.28 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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ZDY.TO Signals & Forecast
The Bmo Us Dividend Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $41.25 and $40.96. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bmo Us Dividend Etf ETF
Bmo Us Dividend Etf finds support from accumulated volume at $41.38 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.330%
Our recommended stop-loss: $39.94 (-3.60%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (ZDY.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Bmo Us Dividend Etf to open at $41.43, and during the day (based on 14 day Average True Range), to move between $41.22 and $41.64, which gives a possible trading interval of +/-$0.213 (+/-0.51%) up or down from last closing price. If Bmo Us Dividend Etf takes out the full calculated possible swing range there will be an estimated 1.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $41.38, some $0.0500 (0.12%) from the current price of $41.43, our system finds the risk reward attractive.
Is Bmo Us Dividend Etf ETF A Buy?
Bmo Us Dividend Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.592 Hold/Accumulate Downgraded
Predicted Opening Price for Bmo Us Dividend Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $41.43 ( 0%) | $41.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZDY.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.43 | - |
| R2 | 41.43 | - |
| R1 | 41.43 | - |
| Price | 41.43 | |
| S1 | 41.43 | - |
| S2 | 41.43 | - |
| S3 | 41.43 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 41.43 | |
| S1 | 41.38 | -0.121% |
| S2 | 41.17 | -0.628% |
| S3 | 41.04 | -0.94% |
FAQ
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