BMO EQUAL WEIGHT OIL & GAS I (ZEO.CA) Stock Technical Analysis
TSX:ZEO - Toronto Stock Exchange - CA05585A2083 - ETF - Currency: CAD
Overall ZEO gets a technical rating of 6 out of 10. In the last year, ZEO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month ZEO has a been trading in the 72.83 - 77.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Warning: ZEO has an average volume of 9443 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 gets the benefit of the doubt for now.
ZEO 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 ZEO is lagging the market slightly.
When comparing the performance of all stocks over the past year, ZEO turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
Considerably lower volume is observed in the last couple of days.
ZEO has an average technical rating and the quality of the presented setup is also not ideal 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.
More info and screens
65.21
79.61
2 important support areas can be observed.
- Support @70.06 from a horizontal line in the daily time frame.
- A support zone ranging from 65.87 to 66.66. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 74.96 to 75.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 76.89 to 76.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 78.68 to 78.82. 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 ZEO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZEO.CA is neutral. |
| ChartMill Relative Strength | 45.26 | NEUTRAL | ZEO.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZEO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZEO.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZEO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.73 | NEUTRAL | The RSI value for ZEO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests ZEO.CA has a negative trend. |
| Stochastics (14,3) | 10.12 | OVERSOLD | The low Stochastics value suggests ZEO.CA may be oversold. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for ZEO.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 18.75 | NEGATIVE | The low ADX value for ZEO.CA suggests a weak or negative trend. |
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)
TSX:ZEO (7/2/2025, 7:00:00 PM)
74.02
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.88%
2 Weeks-3.78%
1 Month-0.03%
3 Month8.79%
6 Month-0.15%
12 Month5.32%
2 Year19.87%
3 Year14.48%
5 Year167.99%
10 Year35.2%
15 Year4.55%
Volatility
ATR(14)0.9
ATR(20)%1.19%
ATR Inc-19.33%
Range Today0.98
ADR(20)0.76
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.26
Mansfield-0.59
10 Day High77.5
10 Day Low73.48
20 Day High77.5
20 Day Low72.83
52 Week High79.02
52 Week Low61.92
CS1 End70.06
CR1 Start74.91
Volume & EV
DER(3)0%
DER(5)0%
Volume4.74K
Volume Incr-69.32%
Vol(5)2.68K
Vol(50)9.44K