BANK OF MONTREAL (BMO) Stock Technical Analysis
NYSE:BMO - New York Stock Exchange, Inc. - CA0636711016 - Common Stock - Currency: USD
Taking everything into account, BMO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BMO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BMO is one of the better performing stocks in the market, outperforming 82% of all stocks.
BMO is one of the better performing stocks in the Banks industry, it outperforms 70% of 395 stocks in the same industry.
BMO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BMO is leading the market.
In the last month BMO has a been trading in the 97.00 - 108.38 range, which is quite wide. It is currently trading near the high of this range.
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
86.85
108.42
When analyzing the support we can see 2 important areas.
- Support @94.06 from a horizontal line in the daily time frame.
- A support zone ranging from 87.73 to 92.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 82.83 | POSITIVE | BMO has a high relative strength, it outperformed 82.83% 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) | 83.29 | OVERBOUGHT | The high RSI value suggests BMO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests BMO has a positive trend. |
| Stochastics (14,3) | 83.65 | OVERBOUGHT | The high Stochastics value suggests BMO may be overbought. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 37.53 | 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)
107.35
+0.37 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.35%
1 Week3.58%
2 Weeks4.43%
1 Month11.45%
3 Month4.41%
6 Month12.7%
12 Month20.47%
2 Year28.7%
3 Year-1.41%
5 Year117.7%
10 Year75.7%
15 Year82.47%
Volatility
ATR(14)1.38
ATR(20)%1.2%
ATR Inc-16.93%
Range Today0.79
ADR(20)1.1
ADR(20)%1.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.83
Mansfield1.16
10 Day High108.38
10 Day Low102.46
20 Day High108.38
20 Day Low97
52 Week High108.38
52 Week Low76.98
CS1 End94.06
CR1 StartN/A
Volume & EV
DER(3)-0.41%
DER(5)-0.41%
Volume461.40K
Volume Incr8.16%
Vol(5)752.48K
Vol(50)742.99K