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BMO CANADIAN DIVIDEND ETF (ZDV.CA) Stock Technical Analysis

TSX:ZDV - Toronto Stock Exchange - CA05590R1055 - ETF - Currency: CAD

22.6  +0.03 (+0.13%)

Technical Rating and Analysis

6

Overall ZDV gets a technical rating of 6 out of 10. Although ZDV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
ZDV 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 ZDV is lagging the market slightly.
When comparing the performance of all stocks over the past year, ZDV turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
In the last month ZDV has a been trading in a tight range between 21.70 and 22.82.
Weekly and Daily overview Charts
BMO CANADIAN DIVIDEND ETF / ZDV Weekly stock chart
BMO CANADIAN DIVIDEND ETF / ZDV Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, ZDV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZDV in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

19.02

23.16

3 important support areas can be observed.

  • A support zone ranging from 21.82 to 22.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 19.62 to 19.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @19.21 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 22.61 to 22.93. This zone is formed by a combination of multiple trend lines 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
CRS55.95
Mansfield-0.3
10 Day High22.81
10 Day Low21.7
20 Day High22.82
20 Day Low21.7
52 Week High23
52 Week Low19.53
Performance
1 Week0.27%
2 Weeks-0.44%
1 Month1.89%
3 Month0.8%
6 Month7.47%
12 Month15.25%
2 Year14.84%
3 Year12.13%
5 Year39.51%
10 Year32.7%
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
RSI(14)56.44
LBB22.33
UBB22.76
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
22.9421.691.25 (5.45%)18.35%
An entry @22.94. This is a Buy Stop order right above the resistance zone.An exit @21.69. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.25 points, which is 5.45%.For a 1.00% total portfolio risk, you can invest 18.35% 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.
BMO CANADIAN DIVIDEND ETF / ZDV Daily stock chart

BMO CANADIAN DIVIDEND ETF

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

22.6

+0.03 (+0.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.13%
1 Week0.27%
2 Weeks-0.44%
1 Month1.89%
3 Month0.8%
6 Month7.47%
12 Month15.25%
2 Year14.84%
3 Year12.13%
5 Year39.51%
10 Year32.7%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.89%
ATR Inc-53.48%
Range Today0.1
ADR(20)0.18
ADR(20)%0.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.95
Mansfield-0.3
10 Day High22.81
10 Day Low21.7
20 Day High22.82
20 Day Low21.7
52 Week High23
52 Week Low19.53
CS1 End22.53
CR1 Start22.61
Volume & EV
DER(3)3.07%
DER(5)4.15%
Volume25.93K
Volume Incr-17.13%
Vol(5)33.49K
Vol(50)38.74K