Logo image of ZBK.CA

BMO EQUAL WEIGHT US BANK IND (ZBK.CA) Stock Technical Analysis

TSX:ZBK - Toronto Stock Exchange - CA05590V1067 - ETF - Currency: CAD

38.83  -0.28 (-0.72%)

Technical Rating and Analysis

6

Overall ZBK gets a technical rating of 6 out of 10. In the last year, ZBK was one of the better performers, but we do observe some doubts in the very recent evolution.

Warning: ZBK has an average volume of 26372 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ZBK did better than 79% of all other stocks. We also observe that the gains produced by ZBK over the past year are nicely spread over this period.
ZBK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZBK is lagging the market slightly.
In the last month ZBK has a been trading in a tight range between 38.73 and 40.67.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
BMO EQUAL WEIGHT US BANK IND / ZBK Weekly stock chart
BMO EQUAL WEIGHT US BANK IND / ZBK Daily stock chart
Setup Rating and Analysis

6

ZBK has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

35.01

40.89

3 important support areas can be observed.

  • A support zone ranging from 38.27 to 38.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 36.57 to 36.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @35.36 from a trend line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @38.84 from a trend line in the daily time frame.
  • A resistance zone ranging from 39.61 to 40.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.7
Mansfield0.82
10 Day High40.67
10 Day Low38.73
20 Day High40.67
20 Day Low38.73
52 Week High40.67
52 Week Low26.29
Performance
1 Week-3.41%
2 Weeks-4.08%
1 Month-0.46%
3 Month-0.23%
6 Month22.15%
12 Month45.43%
2 Year23.35%
3 Year2.33%
5 Year52.69%
10 Year106.28%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.17
RSI(14)45.28
LBB38.82
UBB40.64
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
38.8538.720.13 (0.33%)25.00%
An entry @38.85. This is a Buy Stop order right above the resistance zone.An exit @38.72. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.13 points, which is 0.33%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.08%.

  • The distance between exit and entry is rather small compared to the average daily movement of ZBK. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BMO EQUAL WEIGHT US BANK IND / ZBK Daily stock chart

BMO EQUAL WEIGHT US BANK IND

TSX:ZBK (2/13/2025, 7:00:00 PM)

38.83

-0.28 (-0.72%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.72%
1 Week-3.41%
2 Weeks-4.08%
1 Month-0.46%
3 Month-0.23%
6 Month22.15%
12 Month45.43%
2 Year23.35%
3 Year2.33%
5 Year52.69%
10 Year106.28%
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%1.35%
ATR Inc6.66%
Range Today0.56
ADR(20)0.46
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.7
Mansfield0.82
10 Day High40.67
10 Day Low38.73
20 Day High40.67
20 Day Low38.73
52 Week High40.67
52 Week Low26.29
CS1 End38.67
CR1 Start38.84
Volume & EV
DER(3)-4.68%
DER(5)-5.86%
Volume22.21K
Volume Incr-64.61%
Vol(5)11.37K
Vol(50)26.37K