BMO EQUAL WEIGHT OIL & GAS I (ZEO.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:ZEO - CA05585A2083 - ETF
Taking everything into account, ZEO scores 6 out of 10 in our technical rating. ZEO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Warning: ZEO has an average volume of 18525 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- ZEO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ZEO has a been trading in the 76.16 - 83.42 range, which is quite wide. It is currently trading near the high of this range.
- 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 50% of all stocks.
- Volume is considerably higher 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
73.76
We found 3 important support areas.
- A support zone ranging from 80.16 to 81.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.46 to 78.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 83.05 to 83.21. 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 | NEUTRAL | NEUTRAL | The long term trend for ZEO.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZEO.CA is up. |
| ChartMill Relative Strength | 50.73 | NEUTRAL | ZEO.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZEO.CA is above the rising 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) | 62.03 | NEUTRAL | The RSI value for ZEO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests ZEO.CA has a positive trend. |
| Stochastics (14,3) | 93.42 | OVERBOUGHT | The high Stochastics value suggests ZEO.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for ZEO.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for ZEO.CA suggests a possible start of a new trend. |
TSX:ZEO (1/22/2026, 7:00:00 PM)
83.04
-0.11 (-0.13%)
BMO EQUAL WEIGHT OIL & GAS I / ZEO.CA FAQ
Can you provide the ChartMill technical rating for BMO EQUAL WEIGHT OIL & GAS I?
ChartMill assigns a technical rating of 6 / 10 to ZEO.CA.
What is the trend direction for ZEO stock?
The current trend direction for BMO EQUAL WEIGHT OIL & GAS I (ZEO.CA) is Bearish.
What is the RSI signal for ZEO stock?
BMO EQUAL WEIGHT OIL & GAS I (ZEO.CA) has an RSI value of 62.0307. This indicates that the stock is currently neutral.
What is the MACD signal for ZEO stock?
The MACD indicator for BMO EQUAL WEIGHT OIL & GAS I (ZEO.CA) has a value of 0.497039, indicating a bearish trend.