BANK OF MONTREAL (BMO) Stock Technical Analysis
NYSE:BMO - New York Stock Exchange, Inc. - CA0636711016 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BMO. 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!
Looking at the yearly performance, BMO did better than 83% of all other stocks. On top of that, BMO also shows a nice and consistent pattern of rising prices.
BMO is one of the better performing stocks in the Banks industry, it outperforms 76% of 395 stocks in the same industry.
BMO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BMO is performing more or less in line with the market.
In the last month BMO has a been trading in the 102.70 - 109.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BMO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
87.34
109.45
We found 5 important support areas.
- A support zone ranging from 105.09 to 105.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.06 from a horizontal line in the daily time frame.
- Support @91.88 from a trend line in the weekly time frame.
- Support @89.74 from a horizontal line in the daily time frame.
- Support @88.22 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 106.84 to 108.37. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 83.79 | POSITIVE | BMO has a high relative strength, it outperformed 83.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BMO is below 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) | 49.68 | NEUTRAL | The RSI value for BMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests BMO has a negative trend. |
| Stochastics (14,3) | 5.84 | OVERSOLD | The low Stochastics value suggests BMO may be oversold. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 40.35 | 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)
105.1
-1.15 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.08%
1 Week-3.02%
2 Weeks-2.96%
1 Month1.66%
3 Month8.69%
6 Month8.87%
12 Month25.46%
2 Year16.38%
3 Year9.29%
5 Year98.12%
10 Year77.29%
15 Year93.63%
Volatility
ATR(14)0.98
ATR(20)%1.13%
ATR Inc5.83%
Range Today1.27
ADR(20)1.09
ADR(20)%1.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.79
Mansfield0.75
10 Day High109.1
10 Day Low105.04
20 Day High109.1
20 Day Low102.7
52 Week High109.1
52 Week Low76.98
CS1 End105.09
CR1 Start106.84
Volume & EV
DER(3)-0.45%
DER(5)-1.37%
Volume650.90K
Volume Incr-22.72%
Vol(5)462.08K
Vol(50)677.90K