BANK OF MONTREAL (BMO) 99.33 -0.05 (-0.05%)
99.33 -0.05 (-0.05%)
CA0636711016 - Common Stock - After market: 98.71 -0.62 (-0.62%)
Technical Rating
Overall BMO gets a technical rating of 7 out of 10. BMO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Statistics
Support/Resistance Analysis
84.96
- A support zone ranging from 95.49 to 99.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.82 to 86.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 100.16 to 100.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Setup Analysis
Setup Rating
BMO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 100.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 99.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BMO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Possible Trading Setup
Given the decent technical rating and the setup score, we can suggest the following trade.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 100.17 | 97.03 | 3.14 (3.13%) | 25.00% |
| An entry @100.17. This is a Buy Stop order right above the resistance zone. | An exit @97.03. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.14 points, which is 3.13%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BANK OF MONTREAL99.33
NYSE:BMO (11/25/2022, 6:48:27 PM)-0.05 (-0.05%)
| GICS Sector | Financials | ||
| GICS Industry | Banks | ||
| Today | -0.05% | 1 Week | 0.9% |
| 2 Weeks | 0.71% | 1 Month | 6.58% |
| 3 Month | 0.86% | 6 Month | -7.5% |
| ATR(14) | 1.78 | ATR(20)% | 1.91% |
| ATR Inc | -52.35% | Range Today | 0.76 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| CRS | 64.96 | Mansfield | -0.14 |
| 10 Day High | 101.2 | 10 Day Low | 97.04 |
| 20 Day High | 101.2 | 20 Day Low | 89.42 |
| 52 Week High | 122.77 | 52 Week Low | 81.57 |
| CS1 End | 99.08 | CR1 Start | 100.16 |
| DER(3) | 7.87% | DER(5) | 5.29% |
| Volume | 232.90K | Volume Incr | -24.02% |
| Vol(5) | 589.12K | Vol(50) | 750.30K |
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