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BMO Covered Call Utilities ETF

ZWU.TO Technical Analysis Summary (TSX)

Analyze ZWU.TO on the TSX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

ZWU.TO●TSX
Financial ServicesAsset Management - Income
$11.63
$0.05(0.43%)
Canadian Market opens in 10h 30m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

ZWU.TO Technical Analysis Summary (TSX)

BMO Covered Call Utilities ETF (TSX: ZWU.TO) stock currently shows a neutral trend on the TSX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 44.32)
Trend Strength:Moderate (ADX: 23.53)
Volatility:Low (ATR: 0.12)
Support/Resistance:$11.27 – $12.21 (Bollinger Bands)

Technical conditions suggest BMO Covered Call Utilities ETF on the TSX is awaiting a decisive move. Overall, BMO Covered Call Utilities ETF remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 44.32

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 38.29

Bearish
Momentum remains weak below midpoint.

Williams %R: -58.90

Neutral
Balanced market without strong signals.

Rate of Change (ROC): -3.41

Bearish
Selling pressure outweighs buying.

Takeaway:BMO Covered Call Utilities ETF shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.09

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 23.53

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.12

Low
Low volatility, stable price action.

CCI (14): 9.16

Neutral
Neutral, no strong directional signal.

Takeaway:BMO Covered Call Utilities ETF shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$12.21
Middle Band (SMA 20)
$11.74
Lower Band
$11.27
Current Position
Within Bands

Takeaway:BMO Covered Call Utilities ETF trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$11.93
Middle Line (EMA 20)
$11.68
Lower Channel
$11.44
Squeeze Status
No Squeeze

Takeaway:BMO Covered Call Utilities ETF trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-3.25M
Money Flow Index15.91Bullish, oversold conditions signal rebound potential.
Relative Vigor Index56.61Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:ZWU.TO shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of BMO Covered Call Utilities ETF (TSX: ZWU.TO), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

No significant bearish signals detected.

Overall Recommendation:BMO Covered Call Utilities ETF shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(TSX: ZWU.TO) Technical Analysis FAQ