Bmo Short Federal Bond Index Etf ETF Forecast

Green day on Friday for Bmo Short Federal Bond Index Etf ETF after gaining 0.111%
(Updated on Jun 28, 2024)

ZFS.TO Signals & Forecast

The Bmo Short Federal Bond Index Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $13.54. On a fall, the ETF will find some support from the long-term average at approximately $13.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Bmo Short Federal Bond 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.442%. 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). The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, June 03, 2024.

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 Short Federal Bond Index Etf ETF

Bmo Short Federal Bond Index Etf finds support from accumulated volume at $13.42 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 $0.0150 between high and low, or 0.111%. For the last week the ETF has had daily average volatility of 0.0591%.

Our recommended stop-loss: $12.96 (-4.14%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

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

For the upcoming trading day on Tuesday, 2nd we expect Bmo Short Federal Bond Index Etf to open at $13.52, and during the day (based on 14 day Average True Range), to move between $13.50 and $13.54, which gives a possible trading interval of +/-$0.0221 (+/-0.16%) up or down from last closing price. If Bmo Short Federal Bond Index Etf takes out the full calculated possible swing range there will be an estimated 0.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.55 (0.22%) than the support at $13.42 (0.74%), 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 Short Federal Bond Index Etf ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bmo Short Federal Bond Index Etf ETF to perform well in the short-term period.

Current score: 3.038 Buy Candidate Unchanged

Predicted Opening Price for Bmo Short Federal Bond Index Etf of Tuesday, July 2, 2024

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