BANK OF MONTREAL (BMO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BMO - CA0636711016 - Common Stock
Overall BMO gets a technical rating of 10 out of 10. 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 83% 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 part of the Banks industry. There are 383 other stocks in this industry. BMO outperforms 80% 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 128.67 - 137.16 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
98.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 131.99 to 133.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 127.76 to 129.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.91 to 121.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @99.14 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 | 83.94 | POSITIVE | BMO has a high relative strength, it outperformed 83.94% 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) | 66.27 | NEUTRAL | The RSI value for BMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests BMO has a positive trend. |
| Stochastics (14,3) | 84.65 | OVERBOUGHT | The high Stochastics value suggests BMO may be overbought. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 19.93 | NEGATIVE | The low ADX value for BMO suggests a weak or negative trend. |
136.39
+1.53 (+1.13%)
BANK OF MONTREAL / BMO FAQ
What is the ChartMill technical rating of BANK OF MONTREAL (BMO) stock?
ChartMill assigns a technical rating of 10 / 10 to BMO.
What is the trend direction for BMO stock?
The current trend direction for BANK OF MONTREAL (BMO) is Bullish.
What is the RSI signal for BMO stock?
BANK OF MONTREAL (BMO) has an RSI value of 66.2698. This indicates that the stock is currently neutral.
What is the short term momentum for BMO stock?
The short term momentum for BANK OF MONTREAL (BMO) is positive.
What are the support and resistance levels for BANK OF MONTREAL (BMO) stock?
BANK OF MONTREAL (BMO) has a support level at 133.81. Check the full technical report for our detailed analysis of BMO support and resistance levels.