Bmo Money Market Fund Etf Series ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Bmo Money Market Fund Etf Series ETF after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Bmo Money Market Fund Etf Series ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0.0200% from a day low at $49.89 to a day high of $49.90. The price has risen in 5 of the last 10 days but is still down by -0.22% for this period.
The ETF has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $49.89 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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ZMMK.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. The Bmo Money Market Fund Etf Series ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $50.01 and $50.01. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
A sell signal from a double top formation was found on Wednesday, June 26, 2024 with a target of $50.06. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for Bmo Money Market Fund Etf Series ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.0100 between high and low, or 0.0200%. For the last week the ETF has had daily average volatility of 0.0200%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZMMK.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Bmo Money Market Fund Etf Series to open at $49.89, and during the day (based on 14 day Average True Range), to move between $49.86 and $49.92, which gives a possible trading interval of +/-$0.0297 (+/-0.06%) up or down from last closing price. If Bmo Money Market Fund Etf Series takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $49.93, some $0.0400 (0.08%) from the current price of $49.89, our system finds the risk reward not very attractive.
Is Bmo Money Market Fund Etf Series ETF A Buy?
Bmo Money Market Fund Etf Series holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.139 Sell Candidate Unchanged
Predicted Opening Price for Bmo Money Market Fund Etf Series of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $49.89 ( 0.0067%) | $49.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZMMK.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.90 | 0.0267% |
| R2 | 49.90 | 0.0191% |
| R1 | 49.90 | 0.0143% |
| Price | 49.89 | |
| S1 | 49.89 | -0.0010% |
| S2 | 49.89 | -0.0057% |
| S3 | 49.88 | -0.0134% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.09 | 0.401% |
| R2 | 50.08 | 0.381% |
| R1 | 49.93 | 0.0802% |
| Price | 49.89 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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