BMO GOLD BULLION ETF (ZGLD.CA) Stock Technical Analysis
TSX:ZGLD - Toronto Stock Exchange - CA05611P2035 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to ZGLD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ZGLD is showing a nice and steady performance.
Warning: ZGLD has an average volume of 19263 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 may just continue or reversal may be around the corner!
Looking at the yearly performance, ZGLD did better than 71% of all other stocks. We also observe that the gains produced by ZGLD over the past year are nicely spread over this period.
ZGLD 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 ZGLD is lagging the market slightly.
In the last month ZGLD has a been trading in a tight range between 48.58 and 50.29.
ZGLD 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 49.33, a Stop Loss order could be placed below this zone.
More info and screens
46.81
51.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 49.17 to 49.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.28 to 48.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 49.58 to 50.95. This zone is formed by a combination of multiple trend lines and important moving averages 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 ZGLD.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZGLD.CA is neutral. |
| ChartMill Relative Strength | 71.07 | POSITIVE | ZGLD.CA has a high relative strength, it outperformed 71.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ZGLD.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZGLD.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZGLD.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.89 | NEUTRAL | The RSI value for ZGLD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ZGLD.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.31 | NEUTRAL | The Stochastics value for ZGLD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for ZGLD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 8.21 | NEGATIVE | The low ADX value for ZGLD.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)
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 |
|---|---|---|---|
| 49.77 | 49.16 | 0.61 (1.23%) | 25.00% |
| An entry @49.77. This is a Buy Stop order right above the 10 day moving average. | An exit @49.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.61 points, which is 1.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.31%. |
- The distance between exit and entry is rather small compared to the average daily movement of ZGLD. Please evaluate whether better entry and exit points can be found.
- 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:ZGLD (8/14/2025, 7:00:00 PM)
49.56
-0.12 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.24%
1 Week-1.35%
2 Weeks1.87%
1 Month0.69%
3 Month3.34%
6 Month12.56%
12 Month33.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%0.88%
ATR Inc-48.81%
Range Today0.19
ADR(20)0.31
ADR(20)%0.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.07
Mansfield0.17
10 Day High50.26
10 Day Low48.91
20 Day High50.29
20 Day Low48.58
52 Week High51.37
52 Week Low36.2
CS1 End49.33
CR1 Start49.58
Volume & EV
DER(3)-5.78%
DER(5)-3.09%
Volume11.40K
Volume Incr10.29%
Vol(5)18.44K
Vol(50)19.26K