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BMO EQUAL WEIGHT REITS INDEX (ZRE.CA) Stock Technical Analysis

TSX:ZRE - Toronto Stock Exchange - CA05560G1054 - ETF - Currency: CAD

20.88  +0.52 (+2.55%)

Technical Rating and Analysis

1

Overall ZRE gets a technical rating of 1 out of 10. ZRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ZRE is a bad performer in the overall market: 71% of all stocks are doing better.
In the last month ZRE has a been trading in the 19.68 - 20.89 range, which is quite wide. It is currently trading near the high of this range.
ZRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZRE is lagging the market.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
BMO EQUAL WEIGHT REITS INDEX / ZRE Weekly stock chart
BMO EQUAL WEIGHT REITS INDEX / ZRE Daily stock chart
Setup Rating and Analysis

3

The technical rating of ZRE is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

19.51

24.17

We found 3 important support areas.

  • A support zone ranging from 20.81 to 20.87. 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 20.20 to 20.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 19.71 to 19.73. 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 23.93 to 23.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.9
Mansfield-0.94
10 Day High20.89
10 Day Low19.68
20 Day High20.89
20 Day Low19.68
52 Week High23.98
52 Week Low19.15
Performance
1 Week1.85%
2 Weeks2.76%
1 Month0.97%
3 Month-4.61%
6 Month-1.23%
12 Month0.24%
2 Year-12.34%
3 Year-18.07%
5 Year-9.68%
10 Year8.16%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.08
RSI(14)57.53
LBB20
UBB20.73
BMO EQUAL WEIGHT REITS INDEX / ZRE Daily stock chart

BMO EQUAL WEIGHT REITS INDEX

TSX:ZRE (2/5/2025, 7:00:00 PM)

20.88

+0.52 (+2.55%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.55%
1 Week1.85%
2 Weeks2.76%
1 Month0.97%
3 Month-4.61%
6 Month-1.23%
12 Month0.24%
2 Year-12.34%
3 Year-18.07%
5 Year-9.68%
10 Year8.16%
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%1.42%
ATR Inc49.57%
Range Today0.49
ADR(20)0.27
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.9
Mansfield-0.94
10 Day High20.89
10 Day Low19.68
20 Day High20.89
20 Day Low19.68
52 Week High23.98
52 Week Low19.15
CS1 End20.87
CR1 Start23.93
Volume & EV
DER(3)2.27%
DER(5)-5.89%
Volume64.69K
Volume Incr60.78%
Vol(5)63.38K
Vol(50)43.66K