BMO DISCOUNT BOND INDEX ETF (ZDB.CA) Stock Technical Analysis
Canada - TSX:ZDB - CA05590X1024 - ETF
Overall ZDB gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ZDB is a bad performer.
Although the technical rating is only medium, ZDB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 15.15, a Stop Loss order could be placed below this zone.
More info and screens
14.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.85 to 15.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.48 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.24 to 15.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ZDB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZDB.CA is up. |
| ChartMill Relative Strength | 25.3 | NEGATIVE | ZDB.CA has a low relative strength, it was outperformed by 74.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZDB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZDB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ZDB.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.41 | NEUTRAL | The RSI value for ZDB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ZDB.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.2 | OVERBOUGHT | The high Stochastics value suggests ZDB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for ZDB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.14 | POSITIVE | The high ADX value value for ZDB.CA suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.25 | 15.15 | 0.10 (0.66%) | 25.00% |
| An entry @15.25. This is a Buy Stop order right above the 10 day moving average. | An exit @15.15. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 0.66%. | For a 0.16% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TSX:ZDB (9/19/2025, 7:00:00 PM)
15.24
-0.02 (-0.13%)