BMO MONTHLY INCOME ETF (ZMI.CA) Stock Technical Analysis
TSX:ZMI - CA05572P1018 - ETF
17.86 CAD
+0.01 (+0.06%)
Taking everything into account, ZMI scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ZMI is a bad performer.
When comparing the yearly performance of all stocks, ZMI is a bad performer in the overall market: 62% of all stocks are doing better.
Warning: ZMI has an average volume of 16234 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ZMI 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 ZMI has a been trading in a tight range between 17.58 and 18.04.
ZMI 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
16.05
18.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.69 to 17.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.06 to 17.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.59 from a horizontal line in the weekly time frame.
- A support zone ranging from 16.21 to 16.27. 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 17.93 to 18.03. 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 ZMI.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZMI.CA is up. |
| ChartMill Relative Strength | 38.34 | NEUTRAL | ZMI.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZMI.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZMI.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZMI.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.05 | NEUTRAL | The RSI value for ZMI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ZMI.CA has a negative trend. |
| Stochastics (14,3) | 42.94 | NEUTRAL | The Stochastics value for ZMI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for ZMI.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for ZMI.CA suggests a strong 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:ZMI (9/3/2025, 7:00:00 PM)
17.86
+0.01 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.06%
1 Week-0.67%
2 Weeks-0.06%
1 Month1.42%
3 Month3%
6 Month0.39%
12 Month4.87%
2 Year17.42%
3 Year21.76%
5 Year18.58%
10 Year17.73%
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.47%
ATR Inc18.64%
Range Today0.07
ADR(20)0.07
ADR(20)%0.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.34
Mansfield-0.63
10 Day High18.04
10 Day Low17.76
20 Day High18.04
20 Day Low17.58
52 Week High18.04
52 Week Low16.15
CS1 End17.85
CR1 Start17.93
Volume & EV
DER(3)-0.56%
DER(5)-0.57%
Volume9.74K
Volume Incr-25.98%
Vol(5)12.26K
Vol(50)16.23K