BMO COVERED CALL CANADIAN BA (ZWB.CA) Stock Technical Analysis
TSX:ZWB - Toronto Stock Exchange - CA05560U1049 - ETF - Currency: CAD
Overall ZWB gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ZWB is only an average performer.
The long and short term trends are both positive. This is looking good!
ZWB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, ZWB turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
In the last month ZWB has a been trading in a tight range between 20.09 and 20.90.
Although ZWB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
17.74
21.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.94 to 20.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.33 from a trend line in the weekly time frame.
- Support @17.92 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.90 to 20.90. 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 ZWB.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZWB.CA is up. |
| ChartMill Relative Strength | 67.31 | NEUTRAL | ZWB.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZWB.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZWB.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZWB.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.98 | OVERBOUGHT | The high RSI value suggests ZWB.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ZWB.CA has a positive trend. |
| Stochastics (14,3) | 96.48 | OVERBOUGHT | The high Stochastics value suggests ZWB.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for ZWB.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 48.33 | POSITIVE | The high ADX value value for ZWB.CA suggests a strong 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:ZWB (7/4/2025, 7:00:00 PM)
20.89
+0.02 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week1.31%
2 Weeks3.06%
1 Month3.67%
3 Month15.54%
6 Month5.03%
12 Month19.99%
2 Year14.65%
3 Year9.14%
5 Year38.53%
10 Year29.75%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.53%
ATR Inc-38.78%
Range Today0.03
ADR(20)0.09
ADR(20)%0.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.31
Mansfield-0.04
10 Day High20.9
10 Day Low20.23
20 Day High20.9
20 Day Low20.09
52 Week High20.9
52 Week Low17.26
CS1 End20.61
CR1 Start20.9
Volume & EV
DER(3)-2.28%
DER(5)-0.8%
Volume68.50K
Volume Incr-0.43%
Vol(5)116.28K
Vol(50)110.18K