BMO NASDAQ 100 EQUITY HEDGED (ZQQ.CA) Stock Technical Analysis
TSX:ZQQ - Toronto Stock Exchange - CA05571N1078 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to ZQQ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ZQQ is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
ZQQ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ZQQ is performing more or less in line with the market.
In the last month ZQQ has a been trading in the 137.93 - 151.31 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When compared to the yearly performance of all other stocks, ZQQ outperforms 63% of them, which is more or less in line with the market.
Although ZQQ has an excellent technical rating, the quality of the presented setup is 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
118.38
156.08
When analyzing the support we can see 3 important areas.
- A support zone ranging from 144.69 to 148.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @123.31 from a trend line in the weekly time frame.
- Support @119.58 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 152.33 to 154.53. 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 ZQQ.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZQQ.CA is up. |
| ChartMill Relative Strength | 63.64 | NEUTRAL | ZQQ.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZQQ.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZQQ.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZQQ.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.08 | NEUTRAL | The RSI value for ZQQ.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests ZQQ.CA has a negative trend. |
| Stochastics (14,3) | 86.73 | OVERBOUGHT | The high Stochastics value suggests ZQQ.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for ZQQ.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.78 | NEUTRAL | The ADX value for ZQQ.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:ZQQ (6/5/2025, 7:00:00 PM)
148.9
-1.36 (-0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.91%
1 Week0.77%
2 Weeks1.85%
1 Month8.17%
3 Month6.01%
6 Month-1.48%
12 Month11.56%
2 Year38.25%
3 Year75.35%
5 Year84.01%
10 Year303.41%
15 Year897.52%
Volatility
ATR(14)1.98
ATR(20)%1.44%
ATR Inc-0.19%
Range Today2.87
ADR(20)1.79
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.64
Mansfield0.16
10 Day High151.31
10 Day Low143.82
20 Day High151.31
20 Day Low137.93
52 Week High154.83
52 Week Low114.97
CS1 End148.05
CR1 Start152.33
Volume & EV
DER(3)0.57%
DER(5)2.19%
Volume50.64K
Volume Incr-19.6%
Vol(5)32.20K
Vol(50)60.85K