BANK OF MONTREAL (BMO) Technical Analysis
NYSE:BMO • CA0636711016
Current stock price
BMO Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to BMO. In the last year, BMO was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month BMO has a been trading in the 135.46 - 149.01 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, BMO did better than 83% of all other stocks. We also observe that the gains produced by BMO over the past year are nicely spread over this period.
- BMO is part of the Banks industry. There are 381 other stocks in this industry. BMO outperforms 89% of them.
- BMO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BMO is performing more or less in line with the market.
BMO Weekly and Daily overview Charts
BMO Setup Rating and Analysis
Although BMO has an excellent technical rating, it does not present a decent entry opportunity 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
BMO Support and Resistance Analysis
100.07
When analyzing the support we can see 3 important areas.
- Support @130.45 from a trend line in the daily time frame.
- A support zone ranging from 119.91 to 121.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @101.08 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 136.67 to 139.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @148.86 from a horizontal line in the daily time frame.
BMO Technical Indicator Signal Analysis
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 BMO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMO is neutral. |
| ChartMill Relative Strength | 83.97 | POSITIVE | BMO has a high relative strength, it outperformed 83.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BMO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.3 | NEUTRAL | The RSI value for BMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.2 | NEGATIVE | The MACD value suggests BMO has a negative trend. |
| Stochastics (14,3) | 11.33 | OVERSOLD | The low Stochastics value suggests BMO may be oversold. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for BMO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.16 | NEGATIVE | The low ADX value for BMO suggests a weak or negative trend. |
BMO Chart- and CandleStick Pattern Analysis
BMO Technicals: Chart, Performance Metrics, Trend & Indicators
135.55
-3.36 (-2.42%)
BANK OF MONTREAL / BMO TA FAQ
What is the ChartMill technical rating of BANK OF MONTREAL (BMO) stock?
ChartMill assigns a technical rating of 8 / 10 to BMO.
What is the trend direction for BMO stock?
The current trend direction for BANK OF MONTREAL (BMO) is Bullish.
What is the RSI signal for BMO stock?
BANK OF MONTREAL (BMO) has an RSI value of 38.2978. This indicates that the stock is currently neutral.
What is the short term momentum for BMO stock?
The short term momentum for BANK OF MONTREAL (BMO) is neutral.
What are the support and resistance levels for BANK OF MONTREAL (BMO) stock?
BANK OF MONTREAL (BMO) has a support level at 130.45 and a resistance level at 136.67. Check the full technical report for our detailed analysis of BMO support and resistance levels.