BMO SHORT FEDERAL BOND INDEX (ZFS.CA) Stock Technical Analysis
TSX:ZFS - Toronto Stock Exchange - CA0969111024 - ETF - Currency: CAD
We assign a technical rating of 4 out of 10 to ZFS. ZFS has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, ZFS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 13.90, a Stop Loss order could be placed below this zone. 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
13.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.71 to 13.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.98 to 14.02. 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 ZFS.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZFS.CA is up. |
| ChartMill Relative Strength | 27.99 | NEGATIVE | ZFS.CA has a low relative strength, it was outperformed by 72.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZFS.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ZFS.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZFS.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.55 | NEUTRAL | The RSI value for ZFS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ZFS.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.06 | NEUTRAL | The Stochastics value for ZFS.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.11 | LOW VOLATILITY | The low ATR as a percentage value for ZFS.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.77 | NEGATIVE | The low ADX value for ZFS.CA suggests a weak or negative trend. |
TSX:ZFS (8/14/2025, 7:00:00 PM)
13.9
0 (0%)