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BMO EQUAL WEIGHT OIL & GAS I (ZEO.CA) Stock Technical Analysis

TSX:ZEO - Toronto Stock Exchange - CA05585A2083 - ETF - Currency: CAD

73.38  +0.68 (+0.94%)

Technical Rating and Analysis

1

We assign a technical rating of 1 out of 10 to ZEO. ZEO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Warning: ZEO has an average volume of 11148 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 58% of all stocks.
ZEO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZEO is lagging the market.
In the last month ZEO has a been trading in the 70.66 - 76.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
BMO EQUAL WEIGHT OIL & GAS I / ZEO Weekly stock chart
BMO EQUAL WEIGHT OIL & GAS I / ZEO Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is bad, ZEO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 73.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.32, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

68.16

79.61

3 important support areas can be observed.

  • A support zone ranging from 73.05 to 73.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @71.83 from a trend line in the weekly time frame.
  • A support zone ranging from 68.85 to 70.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

  • A resistance zone ranging from 73.95 to 74.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @76.89 from a horizontal line in the daily time frame.
  • 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.
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
CRS58.73
Mansfield-0.62
10 Day High74.61
10 Day Low70.66
20 Day High76.51
20 Day Low70.66
52 Week High79.02
52 Week Low61.15
Performance
1 Week0.74%
2 Weeks-1.94%
1 Month-3.29%
3 Month-2.02%
6 Month2.79%
12 Month18.68%
2 Year21.25%
3 Year30.5%
5 Year98%
10 Year12.55%
15 Year2.27%
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)46.95
LBB71.85
UBB75.89
BMO EQUAL WEIGHT OIL & GAS I / ZEO Daily stock chart

BMO EQUAL WEIGHT OIL & GAS I

TSX:ZEO (2/7/2025, 7:00:00 PM)

73.38

+0.68 (+0.94%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.94%
1 Week0.74%
2 Weeks-1.94%
1 Month-3.29%
3 Month-2.02%
6 Month2.79%
12 Month18.68%
2 Year21.25%
3 Year30.5%
5 Year98%
10 Year12.55%
15 Year2.27%
Volatility
ATR(14)1.23
ATR(20)%1.64%
ATR Inc9.13%
Range Today1.11
ADR(20)1.14
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.73
Mansfield-0.62
10 Day High74.61
10 Day Low70.66
20 Day High76.51
20 Day Low70.66
52 Week High79.02
52 Week Low61.15
CS1 End73.32
CR1 Start73.95
Volume & EV
DER(3)-1.25%
DER(5)-1.35%
Volume11.81K
Volume Incr58.83%
Vol(5)20.24K
Vol(50)11.15K