BMO COVERED CALL US BANKS (ZWK.CA) Stock Technical Analysis
TSX:ZWK - Toronto Stock Exchange - CA05586H1038 - ETF - Currency: CAD
Overall ZWK gets a technical rating of 7 out of 10. ZWK 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: ZWK has an average volume of 28375 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!
In the last month ZWK has a been trading in the 22.32 - 24.52 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ZWK turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
ZWK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ZWK is lagging the market.
Although ZWK 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
20.12
24.67
We found 4 important support areas.
- A support zone ranging from 24.29 to 24.38. 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 23.03 to 23.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.90 to 21.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.32 from a trend line in the weekly time frame.
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 ZWK.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZWK.CA is up. |
| ChartMill Relative Strength | 63.74 | NEUTRAL | ZWK.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZWK.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZWK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZWK.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.52 | NEUTRAL | The RSI value for ZWK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ZWK.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 70.05 | NEUTRAL | The Stochastics value for ZWK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for ZWK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 32.16 | POSITIVE | The high ADX value value for ZWK.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:ZWK (7/17/2025, 7:00:00 PM)
24.43
+0.37 (+1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.54%
1 Week0.16%
2 Weeks0.41%
1 Month8.12%
3 Month21.36%
6 Month-7.64%
12 Month9.65%
2 Year29.4%
3 Year-8.26%
5 Year19.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%1.19%
ATR Inc89.08%
Range Today0.4
ADR(20)0.25
ADR(20)%1.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.74
Mansfield-0.4
10 Day High24.52
10 Day Low23.71
20 Day High24.52
20 Day Low22.32
52 Week High26.93
52 Week Low18.76
CS1 End24.38
CR1 StartN/A
Volume & EV
DER(3)-0.94%
DER(5)-0.47%
Volume15.43K
Volume Incr-36.48%
Vol(5)20.85K
Vol(50)28.38K