CA0636711016 - Common Stock - After market: 98.71 -0.62 (-0.62%)
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.
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.
Given the decent technical rating and the setup score, we can suggest the following trade.
|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%.|
NYSE:BMO (11/25/2022, 6:48:27 PM)-0.05 (-0.05%)
|2 Weeks||0.71%||1 Month||6.58%|
|3 Month||0.86%||6 Month||-7.5%|
|ATR Inc||-52.35%||Range Today||0.76|
|ST Trend||LT Trend|
|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|
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