BANK OF MONTREAL (BMO) Stock Technical Analysis
NYSE:BMO - CA0636711016 - Common Stock
121 USD
+1.8 (+1.51%)
121 USD
0 (0%)
Taking everything into account, BMO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BMO is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BMO did better than 85% of all other stocks. On top of that, BMO also shows a nice and consistent pattern of rising prices.
BMO is part of the Banks industry. There are 395 other stocks in this industry. BMO outperforms 90% of them.
BMO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BMO has a been trading in the 111.12 - 121.17 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although BMO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
88.94
122.21
3 important support areas can be observed.
- A support zone ranging from 110.44 to 115.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.30 from a trend line in the weekly time frame.
- Support @89.84 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for BMO is up. |
| ChartMill Relative Strength | 85.55 | POSITIVE | BMO has a high relative strength, it outperformed 85.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BMO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMO is above 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) | 75.45 | OVERBOUGHT | The high RSI value suggests BMO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests BMO has a positive trend. |
| Stochastics (14,3) | 89.93 | OVERBOUGHT | The high Stochastics value suggests BMO may be overbought. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 27.73 | POSITIVE | The high ADX value value for BMO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
121
+1.8 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.51%
1 Week5.47%
2 Weeks6.65%
1 Month9.19%
3 Month12.72%
6 Month17.68%
12 Month44.7%
2 Year40.55%
3 Year31.18%
5 Year90.34%
10 Year124.37%
15 Year119.12%
Volatility
ATR(14)1.64
ATR(20)%1.17%
ATR Inc27.78%
Range Today2.51
ADR(20)1.28
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.55
Mansfield1.07
10 Day High121.17
10 Day Low112.21
20 Day High121.17
20 Day Low111.12
52 Week High121.17
52 Week Low81.69
CS1 End115.87
CR1 StartN/A
Volume & EV
DER(3)2.77%
DER(5)1.39%
Volume887.10K
Volume Incr70.68%
Vol(5)1.06M
Vol(50)707.73K