BMO EQUAL WEIGHT BANKS INDEX (ZEB.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ZEB - CA0556851016 - ETF
Taking everything into account, ZEB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZEB is showing a nice and steady performance.
ZEB has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
41.54
3 important support areas can be observed.
- Support @57.31 from a trend line in the daily time frame.
- A support zone ranging from 51.91 to 51.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.96 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.16 to 59.61. This zone is formed by a combination of multiple trend lines 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 ZEB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZEB.CA is up. |
| ChartMill Relative Strength | 71.75 | POSITIVE | ZEB.CA has a high relative strength, it outperformed 71.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZEB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZEB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZEB.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.45 | NEUTRAL | The RSI value for ZEB.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests ZEB.CA has a negative trend. |
| Stochastics (14,3) | 61.08 | NEUTRAL | The Stochastics value for ZEB.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.91 | LOW VOLATILITY | The low ATR as a percentage value for ZEB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 48.09 | POSITIVE | The high ADX value value for ZEB.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 |
|---|---|---|---|
| 59.62 | 58.29 | 1.33 (2.23%) | 25.00% |
| An entry @59.62. This is a Buy Stop order right above the resistance zone. | An exit @58.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.33 points, which is 2.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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:ZEB (1/9/2026, 7:00:00 PM)
59.15
+0.07 (+0.12%)
BMO EQUAL WEIGHT BANKS INDEX / ZEB.CA FAQ
What is the technical rating for ZEB stock?
ChartMill assigns a technical rating of 10 / 10 to ZEB.CA.
What is the trend direction for ZEB stock?
The current trend direction for BMO EQUAL WEIGHT BANKS INDEX (ZEB.CA) is Bullish.
What is the RSI signal for ZEB stock?
BMO EQUAL WEIGHT BANKS INDEX (ZEB.CA) has an RSI value of 65.451. This indicates that the stock is currently neutral.
What is the MACD signal for ZEB stock?
The MACD indicator for BMO EQUAL WEIGHT BANKS INDEX (ZEB.CA) has a value of -0.0877472, indicating a bearish trend.
What is the short term momentum for BMO EQUAL WEIGHT BANKS INDEX (ZEB.CA) stock?
The short term momentum for BMO EQUAL WEIGHT BANKS INDEX (ZEB.CA) is positive.