BMO MONTHLY INCOME ETF (ZMI.CA) Stock Technical Analysis
TSX:ZMI - Toronto Stock Exchange - CA05572P1018 - ETF - Currency: CAD
We assign a technical rating of 5 out of 10 to ZMI. 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: 64% of all stocks are doing better.
Warning: ZMI has an average volume of 15494 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
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 17.47 and 17.79.
ZMI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 17.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZMI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
16.05
18.10
We found 3 important support areas.
- A support zone ranging from 16.95 to 17.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 17.65 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 | 36.36 | NEUTRAL | ZMI.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ZMI.CA is below 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) | 53.81 | NEUTRAL | The RSI value for ZMI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ZMI.CA has a negative trend. |
| Stochastics (14,3) | 76.04 | NEUTRAL | The Stochastics value for ZMI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.46 | LOW VOLATILITY | The low ATR as a percentage value for ZMI.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.33 | 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 (7/30/2025, 7:00:00 PM)
17.65
-0.11 (-0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.62%
1 Week-0.34%
2 Weeks0.57%
1 Month0.4%
3 Month2.86%
6 Month-0.68%
12 Month4.44%
2 Year11.5%
3 Year13.15%
5 Year17.26%
10 Year10.57%
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%0.46%
ATR Inc13.51%
Range Today0.13
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
CRS36.36
Mansfield-0.7
10 Day High17.79
10 Day Low17.6
20 Day High17.79
20 Day Low17.47
52 Week High18
52 Week Low16.15
CS1 End17.5
CR1 Start17.65
Volume & EV
DER(3)-1.09%
DER(5)3.97%
Volume5.78K
Volume Incr-7.98%
Vol(5)14.40K
Vol(50)15.49K