BMO MONTHLY INCOME ETF (ZMI.CA) Stock Technical Analysis
TSX:ZMI - Toronto Stock Exchange - CA05572P1018 - ETF - Currency: CAD
Overall ZMI gets a technical rating of 5 out of 10. ZMI 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.
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 15841 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 in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ZMI is lagging the market slightly.
In the last month ZMI has a been trading in a tight range between 17.26 and 17.75.
ZMI has an average technical rating and also the quality of the setup is only medium 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
18.10
We found 4 important support areas.
- A support zone ranging from 17.19 to 17.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.90 from a trend line in the weekly time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.62 to 17.92. 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 | 38.68 | 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) | 57.98 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 40 | 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) | 20.8 | NEUTRAL | The ADX value for ZMI.CA suggests a possible start of a new 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 (7/17/2025, 7:00:00 PM)
17.62
+0.07 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.4%
1 Week-0.45%
2 Weeks-0.23%
1 Month1.56%
3 Month5.26%
6 Month0%
12 Month4.51%
2 Year11.31%
3 Year12.96%
5 Year17.06%
10 Year10.38%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.47%
ATR Inc61.29%
Range Today0.05
ADR(20)0.07
ADR(20)%0.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.68
Mansfield-0.66
10 Day High17.75
10 Day Low17.47
20 Day High17.75
20 Day Low17.26
52 Week High18
52 Week Low16.15
CS1 End17.56
CR1 Start17.62
Volume & EV
DER(3)-2.13%
DER(5)-1.49%
Volume20.27K
Volume Incr-10.6%
Vol(5)16.73K
Vol(50)15.84K