BMO HIGH YIELD US CORPORATE (ZJK.CA) Stock Technical Analysis
TSX:ZJK - Toronto Stock Exchange - CA05584J1012 - ETF - Currency: CAD
We assign a technical rating of 3 out of 10 to ZJK. In the past year, ZJK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, ZJK does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.66, a Stop Loss order could be placed below this zone.
More info and screens
17.66
When analyzing the support we notice one important area.
- A support zone ranging from 17.84 to 18.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Strong resistance @18.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 19.45 to 19.74. 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 ZJK.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ZJK.CA is neutral. |
| ChartMill Relative Strength | 33.15 | NEUTRAL | ZJK.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZJK.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZJK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ZJK.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.9 | NEUTRAL | The RSI value for ZJK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ZJK.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.86 | NEUTRAL | The Stochastics value for ZJK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for ZJK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 10.16 | NEGATIVE | The low ADX value for ZJK.CA suggests a weak or negative trend. |
TSX:ZJK (7/17/2025, 7:00:00 PM)
18.73
+0.23 (+1.24%)