BMO SIA Focused Canadian Equity Fund ETF Forecast
Green day on Tuesday for BMO SIA Focused Canadian Equity Fund ETF after gaining 1.88%
(Updated on May 07, 2024)
The BMO SIA Focused Canadian Equity Fund ETF price gained 1.88% on the last trading day (Tuesday, 7th May 2024), rising from $42.00 to $42.79. During the last trading day the ETF fluctuated 0% from a day low at $42.79 to a day high of $42.79. The price has risen in 5 of the last 10 days and is up by 2.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 400 more shares were traded than the day before. In total, 400 shares were bought and sold for approximately $17.12 thousand.
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 SIA Focused Canadian Equity Fund ETF with a 90% probability to be traded between $41.55 and $44.17 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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ZFC.TO Signals & Forecast
The BMO SIA Focused Canadian Equity Fund ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $41.96 and $42.33. 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). BMO SIA Focused Canadian Equity Fund 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Tuesday, March 26, 2024, and so far it has fallen -0.303%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, July 11, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for BMO SIA Focused Canadian Equity Fund ETF
BMO SIA Focused Canadian Equity Fund finds support from accumulated volume at $42.73 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0621%.
Our recommended stop-loss: $41.16 (-3.81%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (ZFC.TO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect BMO SIA Focused Canadian Equity Fund to open at $42.79, and during the day (based on 14 day Average True Range), to move between $42.55 and $43.03, which gives a possible trading interval of +/-$0.240 (+/-0.56%) up or down from last closing price. If BMO SIA Focused Canadian Equity Fund takes out the full calculated possible swing range there will be an estimated 1.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.85 (0.14%) than the support at $42.73 (0.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BMO SIA Focused Canadian Equity Fund ETF A Buy?
BMO SIA Focused Canadian Equity Fund 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for BMO SIA Focused Canadian Equity Fund of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$42.79 ( 0%) | $42.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZFC.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.79 | . | |
R2 | 42.79 | . | ||
R1 | 42.79 | . | ||
Current price: | 42.79 | |||
Support | S1 | 42.79 | . | |
S2 | 42.79 | . | ||
S3 | 42.79 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 42.92 | 0.304 % | |
R2 | 42.87 | 0.187 % | ||
R1 | 42.85 | 0.140 % | ||
Current price | 42.79 | |||
Support | S1 | 42.73 | -0.140% | |
S2 | 42.27 | -1.22% | ||
S3 | 41.42 | -3.20% |
ZFC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.215 | 0.543% |
2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | $0.96 | 2.47% |
3 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | $0.380 | 0.95% |
4 | Dec 18, 2020 | Dec 29, 2020 | Jan 05, 2021 | $0.635 | 1.81% |
5 | Dec 27, 2019 | Dec 27, 2019 | Dec 27, 2019 | $0.180 | 0.505% |
FAQ
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