BANK OF MONTREAL (BMO) Stock Technical Analysis
USA - NYSE:BMO - CA0636711016 - Common Stock
123.96 USD
-0.18 (-0.14%)
123.96 USD
0 (0%)
We assign a technical rating of 7 out of 10 to BMO. In the last year, BMO was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, BMO did better than 84% of all other stocks. On top of that, BMO also shows a nice and consistent pattern of rising prices.
BMO is part of the Banks industry. There are 388 other stocks in this industry. BMO outperforms 90% of them.
BMO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BMO is lagging the market slightly.
In the last month BMO has a been trading in a tight range between 121.79 and 127.82.
Besides having an excellent technical rating, BMO also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 123.58, a Stop Loss order could be placed below this zone.
More info and screens
95.99
131.98
We found 2 important support areas.
- A support zone ranging from 122.49 to 123.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.96 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 124.15 to 126.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 130.64 to 130.67. 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 | NEUTRAL | NEUTRAL | The short term trend for BMO is neutral. |
| ChartMill Relative Strength | 84.78 | POSITIVE | BMO has a high relative strength, it outperformed 84.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BMO is below a declining 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) | 45 | NEUTRAL | The RSI value for BMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.7 | NEUTRAL | The Stochastics value for BMO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 21.2 | NEUTRAL | The ADX value for BMO suggests a possible start of a new 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)
123.96
-0.18 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.14%
1 Week0.31%
2 Weeks-0.18%
1 Month-0.77%
3 Month9.25%
6 Month20.53%
12 Month33.03%
2 Year50.64%
3 Year26.71%
5 Year70.46%
10 Year115.06%
15 Year111%
Volatility
ATR(14)1.88
ATR(20)%1.31%
ATR Inc37.23%
Range Today2.01
ADR(20)1.53
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.78
3 months CRS80.67
6 months CRS80.4
Mansfield0.46
10 Day High126.78
10 Day Low121.79
20 Day High127.82
20 Day Low121.79
52 Week High131.37
52 Week Low85.4
CS1 End123.58
CR1 Start124.15
Volume & EV
DER(3)0.29%
DER(5)1.33%
Volume1.23M
Volume Incr-6.37%
Vol(5)758.76K
Vol(50)673.44K
BANK OF MONTREAL / BMO FAQ
What is the ChartMill technical rating of BANK OF MONTREAL (BMO) stock?
ChartMill assigns a technical rating of 7 / 10 to BMO.
What is the current trend direction of BANK OF MONTREAL (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 45.001. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BANK OF MONTREAL?
The short term momentum for BANK OF MONTREAL (BMO) is neutral.