BANK OF MONTREAL (BMO) Stock Technical Analysis
USA - NYSE:BMO - CA0636711016 - Common Stock
129.61 USD
-0.71 (-0.54%)
129.61 USD
0 (0%)
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.
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. We also observe that the gains produced by BMO over the past year are nicely spread over this period.
BMO is one of the better performing stocks in the Banks industry, it outperforms 93% of 392 stocks in the same industry.
BMO is currently trading near its 52 week high, which is a good sign. 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 113.60 - 131.26 range, which is quite wide. It is currently trading near the high of this range.
BMO has an excellent technical rating, but the quality of the setup is only medium 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
89.60
130.91
4 important support areas can be observed.
- A support zone ranging from 117.91 to 119.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 110.44 to 112.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @95.27 from a trend line in the weekly time frame.
- Support @90.50 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 | 85.94 | POSITIVE | BMO has a high relative strength, it outperformed 85.94% 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) | 77 | OVERBOUGHT | The high RSI value suggests BMO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests BMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.57 | OVERBOUGHT | The high Stochastics value suggests BMO may be overbought. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 59.44 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 131.27 | 126.04 | 5.23 (3.98%) | 25.00% |
| An entry @131.27. This is a Buy Stop order right above the 10 day high. | An exit @126.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.23 points, which is 3.98%. | For a 1.00% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
129.61
-0.71 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.54%
1 Week1.42%
2 Weeks2.1%
1 Month12.97%
3 Month18.78%
6 Month36.04%
12 Month43.33%
2 Year53.62%
3 Year47.89%
5 Year121.9%
10 Year137.6%
15 Year124.43%
Volatility
ATR(14)1.58
ATR(20)%1.44%
ATR Inc-27.64%
Range Today1
ADR(20)1.79
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.94
Mansfield1.27
10 Day High131.26
10 Day Low126.05
20 Day High131.26
20 Day Low113.6
52 Week High131.26
52 Week Low85.4
CS1 End119.51
CR1 StartN/A
Volume & EV
DER(3)-3.2%
DER(5)-3.25%
Volume408.80K
Volume Incr-5.31%
Vol(5)645.49K
Vol(50)706.90K