BMO GOLD BULLION ETF (ZGLD.CA) Stock Technical Analysis
TSX:ZGLD - Toronto Stock Exchange - CA05611P2035 - ETF - Currency: CAD
We assign a technical rating of 3 out of 10 to ZGLD. In the last year, ZGLD 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.
Warning: ZGLD has an average volume of 20581 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, ZGLD turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
In the last month ZGLD has a been trading in a tight range between 48.36 and 50.29.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ZGLD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 48.52, a Stop Loss order could be placed below this zone.
More info and screens
46.38
51.46
2 important support areas can be observed.
- A support zone ranging from 47.96 to 48.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.75 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 | DOWN | NEGATIVE | The short term trend for ZGLD.CA is down. |
| ChartMill Relative Strength | 67.47 | NEUTRAL | ZGLD.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZGLD.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZGLD.CA is below a declining 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) | 43.04 | NEUTRAL | The RSI value for ZGLD.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ZGLD.CA has a negative trend. |
| Stochastics (14,3) | 21.53 | NEUTRAL | The Stochastics value for ZGLD.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for ZGLD.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 10.4 | 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)
TSX:ZGLD (7/30/2025, 7:00:00 PM)
48.65
-0.5 (-1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.02%
1 Week-1.86%
2 Weeks-1.16%
1 Month-0.8%
3 Month1.19%
6 Month11.1%
12 Month33.32%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%0.97%
ATR Inc0.33%
Range Today0.52
ADR(20)0.37
ADR(20)%0.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.47
Mansfield0.2
10 Day High50.29
10 Day Low48.58
20 Day High50.29
20 Day Low48.36
52 Week High51.37
52 Week Low35.35
CS1 End48.52
CR1 Start48.75
Volume & EV
DER(3)-0.89%
DER(5)-2.8%
Volume10.34K
Volume Incr-32.04%
Vol(5)12.74K
Vol(50)20.58K