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BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF

Check the daily chart of BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF. The closing price of 2023-02-03 was C$24.23 per share.

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Moving Averages ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF:

    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Moving Average Convergence/Divergence (MACD) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Moving Average Convergence/Divergence (MACD) Chart
    1.3 Directional Movement Index (DMI)

    The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

    The ADX helps you determine the strength of a trend. Let's take a look of the ADX of BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF:

    • The ADX is .
    • The ADX is declining, there is no upcoming trend indication. -1
    • The +DI is lower than the -DI. The current trend is down. -2
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Directional Movement Index (DMI) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Directional Movement Index (DMI) Chart
    1.4 Parabolic SAR

    Shows the current trend and potential entry and exit signals.

    • Parabolic SAR (stop and reverse) is a lagging trend indicator.
    • Shows the current trend.
    • Shows potential entry signals.
    • Shows  potential exit signals.
    • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Parabolic SAR ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    • The RSI is below 30 and oversold. +2
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Relative Strength Index (RSI) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Stochastic Oscillator ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Commodity Channel Index (CCI) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Chande Momentum Oscillator (CMO) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Williams %R ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Bollinger Bands ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Average True Range (ATR) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily On-Balance Volume (OBV) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Money Flow Index (MFI) ChartBMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-01-24DMI LONG ENTRY SHORT CLOSE
    2023-01-26MACD LONG ENTRY SHORT CLOSE
    2023-01-27MACD SHORT ENTRY LONG CLOSE
    2023-01-31MACD LONG ENTRY SHORT CLOSE
    SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside

    5.2. Technical Score

    Let's check the technical score of BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    OpenGreater thanClose24.250
    Total1/1 (100.0%)

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