BMO NASDAQ 100 EQUITY ID ETF (ZNQ.CA) Stock Technical Analysis
TSX:ZNQ - Toronto Stock Exchange - CA05586P1053 - ETF - Currency: CAD
We assign a technical rating of 7 out of 10 to ZNQ. ZNQ has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: ZNQ has an average volume of 14008 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.
ZNQ 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 ZNQ has a been trading in the 94.97 - 101.45 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, ZNQ outperforms 65% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ZNQ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 101.21. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
80.06
103.05
We found 4 important support areas.
- A support zone ranging from 97.69 to 98.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 94.97 to 95.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.07 from a trend line in the weekly time frame.
- Support @80.87 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 101.21 to 102.03. 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 | UP | POSITIVE | The long term trend for ZNQ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZNQ.CA is up. |
| ChartMill Relative Strength | 65.85 | NEUTRAL | ZNQ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZNQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZNQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZNQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.62 | NEUTRAL | The RSI value for ZNQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ZNQ.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.26 | OVERBOUGHT | The high Stochastics value suggests ZNQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for ZNQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 24.34 | NEUTRAL | The ADX value for ZNQ.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 102.04 | 99.05 | 2.99 (2.93%) | 25.00% |
| An entry @102.04. This is a Buy Stop order right above the resistance zone. | An exit @99.05. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.99 points, which is 2.93%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:ZNQ (7/11/2025, 7:00:00 PM)
100.85
+0.02 (+0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.02%
1 Week0.86%
2 Weeks1.85%
1 Month4.65%
3 Month20.37%
6 Month3.7%
12 Month12.44%
2 Year50.05%
3 Year86.68%
5 Year110.42%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%0.92%
ATR Inc-26.85%
Range Today0.64
ADR(20)0.77
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.85
Mansfield0.11
10 Day High101.45
10 Day Low99.06
20 Day High101.45
20 Day Low94.97
52 Week High102.34
52 Week Low76.41
CS1 End98.54
CR1 Start101.21
Volume & EV
DER(3)-0.96%
DER(5)-2.22%
Volume2.41K
Volume Incr-37.67%
Vol(5)7.05K
Vol(50)14.01K