CI Morningstar International Momentum 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 CI Morningstar International Momentum
(Updated on Jun 14, 2024)
No changes to the price of CI Morningstar International Momentum ETF on the last trading day (Friday, 14th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $42.35 to a day high of $42.35. The price has been going up and down for this period, and there has been a -1.79% loss for the last 2 weeks.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $42.05 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.15% during the next 3 months and, with a 90% probability hold a price between $43.80 and $45.69 at the end of this 3-month period.
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ZXM.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CI Morningstar International Momentum 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 $42.70 and $42.58. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 CI Morningstar International Momentum ETF
CI Morningstar International Momentum finds support from accumulated volume at $42.32 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 0.109%
Our recommended stop-loss: $39.64 (-6.40%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ZXM.TO) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect CI Morningstar International Momentum Index ETF to open at $42.35, and during the day (based on 14 day Average True Range), to move between $42.19 and $42.51, which gives a possible trading interval of +/-$0.155 (+/-0.37%) up or down from last closing price. If CI Morningstar International Momentum Index ETF takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.32 (0.07%) than the resistance at $42.80 (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CI Morningstar International Momentum Index ETF ETF A Buy?
CI Morningstar International Momentum holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.024 Hold/Accumulate Unchanged
Predicted Opening Price for CI Morningstar International Momentum Index ETF of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $42.35 ( 0%) | $42.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZXM.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.35 | - |
| R2 | 42.35 | - |
| R1 | 42.35 | - |
| Price | 42.35 | |
| S1 | 42.35 | - |
| S2 | 42.35 | - |
| S3 | 42.35 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.12 | 1.82% |
| R2 | 42.85 | 1.18% |
| R1 | 42.80 | 1.06% |
| Price | 42.35 | |
| S1 | 42.32 | -0.0708% |
| S2 | 42.01 | -0.80% |
| S3 | 40.98 | -3.23% |
ZXM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 28, 2024 | $0.0676 | 0.160% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.275 | 0.767% |
| 3 | Sep 22, 2023 | Sep 22, 2023 | Sep 22, 2023 | $0.220 | 0.631% |
| 4 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | $0.741 | 2.06% |
| 5 | Mar 24, 2023 | Mar 24, 2023 | Mar 24, 2023 | $0.0590 | 0.176% |
FAQ
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