Technical analysis from BMO Junior Oil Index ETF (ZJO.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

BMO Junior Oil Index ETF
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BMO Junior Oil Index ETF: Range Performance (33.3)
Range Tod Vs Range Yest /
BMO Junior Oil Index ETF: Range Performance (33.3)

ZJO: Range today versus range yesterday Current Signal ->(1) 25 May: BULLISH (2) 24 May: BULLISH (3) 23 May: BEARISH

Simple Moving Average(5) signal continues for BMO Junior Oil Index ETF indicating downward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for BMO Junior Oil Index ETF indicating downward price movement is likely

ZJO: SMA Recent Trading -> (1) 25 May: 14.952 (2) 24 May: 15.166 (3) 23 May: 15.194

Fibonacci Fans /
BMO Junior Oil Index ETF has yet to break the 61.8% retracement fan level ($0) [Bullish]

BMO Junior Oil Index ETF is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for ZJO should be set @$19.72 & Stoploss for BMO Junior Oil Index ETF should be set between $19.56

Medium Trend /
[Uptrend]: The second timeframe trend has continued for ZJO

[BULLISH]: BMO Junior Oil Index ETF is in an uptrend in the medium term timeframe. The current rally number is 32 & the highest rally count for the LTM is 68. The highest rally for the month is 18

Price Range /
[Bullish]: Range has increased for ZJO during the last trading session

[BULLISH]: BMO Junior Oil Index ETF current uptrend in the first timeframe. Currently, the Range is $0.2.

Percentage Price /
PPO: The shorter moving average for ZJO is still above the longer term moving average

[BULLISH]: BMO Junior Oil Index ETF currently has positive PPO 2.857%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

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Stochastic Oscillator /
Initiation of oversold signal for BMO Junior Oil Index ETF [Bullish Crossover]

[BULLISH]: BMO Junior Oil Index ETF is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

White Candle /
ZJO Basic Candle: White

[BULLISH]: BMO Junior Oil Index ETF has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

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A short term Gap Down has formed with BMO Junior Oil Index ETF
Gap Down /
A short term Gap Down has formed with BMO Junior Oil Index ETF

[BULLISH]: A short term Gap Down has formed with BMO Junior Oil Index ETF which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 42 occurrences of this bar reversal giving a signal probability of 16%.

BMO Junior Oil Index ETF: Closed Window
Two White Soldiers /
BMO Junior Oil Index ETF: Closed Window

[BEARISH]: BMO Junior Oil Index ETF has Gapped Down on previous bar.

Sine Weighted Moving Average /
[Bearish]: Trend following indicator for ZJO highlights downward price direction is likely

[BEARISH]: BMO Junior Oil Index ETF currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -3.8%.

Woodie Pivot Point /
BMO Junior Oil Index ETF: Look for a short limit order entry @$14.21

BMO Junior Oil Index ETF has broken the first Woodie support point ($14.21) [Bearish]. Look for a short limit order entry near this point. Exit price for ZJO should be set @$14.105 & short position stoploss for BMO Junior Oil Index ETF should be set at $14.505

Momentum /
5-day momentum is decreasing for BMO Junior Oil Index ETF

[BEARISH]: BMO Junior Oil Index ETF currently has negative momentum of -1.07 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -3.8%.The largest downward momentum rally for the last 3 months is 6 days producing a return of -3.8%.

Open/close reversal: Buyers have lost commitment during the trading day for ZJO
Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost commitment during the trading day for ZJO

[BULLISH WEAK]: BMO Junior Oil Index ETF opened in the lower part of daily range at 30% & closed in the middle part of the trading range at 55%. This suggests the buyers have lost commitment. Over the last 12 months there has been 20 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 7.6%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 16.7%.

Price continues to trade below the Triangular Moving Average(5) for ZJO
Triangular Moving Average /
Price continues to trade below the Triangular Moving Average(5) for ZJO

[BEARISH]: BMO Junior Oil Index ETF currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -3.8%.

Long Trend /
BMO Junior Oil Index ETF: 3rd timeframe trend Uptrend remains intact

[BULLISH]: BMO Junior Oil Index ETF is in an uptrend in the medium term timeframe.. The highest rally for the month is 18

Closing Price /
[Bearish]: BMO Junior Oil Index ETF has failed to beat previous close by -3.8 %

[BEARISH]: BMO Junior Oil Index ETF current downtrend in the first timeframe. Currently, the Close is $14.31.

Low Price /
BMO Junior Oil Index ETF: Daily low performance is -4.1 % [Downtrend]

[BULLISH]: BMO Junior Oil Index ETF current downtrend in the first timeframe. Currently, the Low is $14.2 (-4.1 %).

BMO Junior Oil Index ETF: Stoploss for short position should be set between $14.503 & $14.606
Pivot Points /
BMO Junior Oil Index ETF: Stoploss for short position should be set between $14.503 & $14.606

BMO Junior Oil Index ETF has broken the first support point ($14.206) [Bearish]. Look for a short limit order entry near this point. Exit price for ZJO should be set @$14.103 & short position stoploss for BMO Junior Oil Index ETF should be set between $14.503 & $14.606

BMO Junior Oil Index ETF: MACD oscillator (-0.1083)
MACD /
BMO Junior Oil Index ETF: MACD oscillator (-0.1083)

[BEARISH]: BMO Junior Oil Index ETF currently has negative MACD of -0.1083. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -4.9%.

BMO Junior Oil Index ETF has broken the first DeMark support point ($14.3275) [Bearish]
Demarks Pivot Points /
BMO Junior Oil Index ETF has broken the first DeMark support point ($14.3275) [Bearish]

BMO Junior Oil Index ETF has broken the first DeMark support point ($14.3275) [Bearish]. Look for a short limit order entry near this point. Exit price for ZJO should be set @$14.2550 & short position stoploss for BMO Junior Oil Index ETF should be set at $14.455

Aroon Oscillator /
BMO Junior Oil Index ETF: ARO(84) has signalled a strong uptrend is current

[BULLISH]: BMO Junior Oil Index ETF has a current ARU(25) of 88 and a current ARD(25) of 4

Williams %R /
Initiation of oversold signal for BMO Junior Oil Index ETF

[BEARISH]: BMO Junior Oil Index ETF is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Exponential Moving Average /
[Downtrend]: Recent trading for ZJO indicates ST trend is likely to continue

ZJO: EMA(5) Recent Trading -> (1) 25 May: 14.7876 (2) 24 May: 15.0263 (3) 23 May: 15.1045

Opening Price /
BMO Junior Oil Index ETF: Daily opening performance is -3.7 % [Downntrend]

[BEARISH]: BMO Junior Oil Index ETF opening price has gapped down. Currently, the OPEN is $14.26 (-3.7 %).

14-day rate of change is increasing for BMO Junior Oil Index ETF
Rate of Change /
14-day rate of change is increasing for BMO Junior Oil Index ETF

[BULLISH]: BMO Junior Oil Index ETF currently has positive rate of change of 1.346%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

ZJO: Average True Range has confirmed an uptrend @0.299
Average True Range /
ZJO: Average True Range has confirmed an uptrend @0.299

[Bullish]: Average True Range has confirmed an uptrend is present. BMO Junior Oil Index ETF has a TR of 0.67, and an ATR(14) of 0.299.

Average Directional Movement /
Daily bar has confirmed has confirmed an ADX a strong trend is intact for ZJO

[Trend]: ADX for ZJO has confirmed a strong trend is present. BMO Junior Oil Index ETF has an ATR(14) of 0.299, a DX of 0.22 & an ADX(14) of 39.27

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