(ZWEN) BMO Covered Call Energy - Ratings and Ratios

The BMO Covered Call Energy ETF (ZWEN) is a Canadian exchange-traded fund listed on the Toronto Stock Exchange (TO). It falls under the Energy Equity category, focusing on investments in energy sector equities. The fund tracks the performance of the Morningstar Global Oil & Gas EandP GR CAD Index, which includes companies involved in exploration and production activities within the energy sector. As of the latest data, the ETF has an average trading volume of 13,855 shares over the past 20 days, with a last price of CAD 28.02. The funds assets under management (AUM) amount to CAD 70.09 million.

From a technical standpoint, ZWEN is currently trading below its short-term and medium-term moving averages, with the 20-day SMA at CAD 29.08 and the 50-day SMA at CAD 29.04. The 200-day SMA stands at CAD 28.24, indicating that the fund is slightly below its long-term trend. The Average True Range (ATR) of 0.42 suggests moderate volatility. Based on these metrics, the 3-month forecast indicates potential price consolidation, with support near CAD 28.00 and resistance around CAD 29.50. The fund may experience sideways movement within this range, influenced by broader energy sector trends and market conditions.