Bmo Growth Etf ETF Forecast
Red day on Friday for Bmo Growth Etf ETF after losing 0.213%
(Updated on Jun 28, 2024)
The Bmo Growth Etf ETF price fell by -0.213% on the last day (Friday, 28th Jun 2024) from $42.26 to $42.17. During the last trading day the ETF fluctuated 0.783% from a day low at $42.17 to a day high of $42.50. The price has risen in 6 of the last 10 days but is still down by -0.33% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -5 thousand shares and in total, 2 thousand shares were bought and sold for approximately $76.41 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.71% during the next 3 months and, with a 90% probability hold a price between $43.69 and $44.74 at the end of this 3-month period.
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ZGRO.TO Signals & Forecast
The Bmo Growth 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 $42.35. On a fall, the ETF will find some support from the long-term average at approximately $42.16. 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. 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 -0.82%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bmo Growth Etf ETF
Bmo Growth Etf finds support from accumulated volume at $41.21 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 $0.330 between high and low, or 0.783%. For the last week the ETF has had daily average volatility of 0.383%
Our recommended stop-loss: $40.42 (-4.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (ZGRO.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Bmo Growth Etf to open at $42.28, and during the day (based on 14 day Average True Range), to move between $41.96 and $42.38, which gives a possible trading interval of +/-$0.215 (+/-0.51%) up or down from last closing price. If Bmo Growth Etf takes out the full calculated possible swing range there will be an estimated 1.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $42.29 (0.28%) than the support at $41.21 (2.28%), 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 Growth Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bmo Growth Etf ETF to perform well in the short-term.
Current score: 2.064 Buy Candidate Unchanged
Predicted Opening Price for Bmo Growth Etf of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $42.28 ( 0.261%) | $42.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZGRO.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.61 | 1.04% |
| R2 | 42.48 | 0.744% |
| R1 | 42.41 | 0.560% |
| Price | 42.17 | |
| S1 | 42.15 | -0.0381% |
| S2 | 42.08 | -0.223% |
| S3 | 41.95 | -0.522% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.42 | 0.593% |
| R2 | 42.41 | 0.569% |
| R1 | 42.29 | 0.285% |
| Price | 42.17 | |
| S1 | 41.21 | -2.28% |
| S2 | 40.99 | -2.80% |
| S3 | 40.69 | -3.51% |
FAQ
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