BANK OF MONTREAL (BMO) Technical Analysis
NYSE:BMO • CA0636711016
Current stock price
BMO Technical Rating and Analysis
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!
- When comparing the yearly performance of all stocks, we notice that BMO is one of the better performing stocks in the market, outperforming 85% of all 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 92% of 376 stocks in the same industry.
- A new 52 week high is currently being made by BMO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month BMO has a been trading in the 130.09 - 154.48 range, which is quite wide. It is currently trading near the high of this range.
BMO Weekly and Daily overview Charts
BMO Setup Rating and Analysis
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
BMO Support and Resistance Analysis
101.51
When analyzing the support we can see 5 important areas.
- A support zone ranging from 141.11 to 141.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @135.10 from a trend line in the weekly time frame.
- A support zone ranging from 131.55 to 132.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @128.41 from a horizontal line in the daily time frame.
- Support @102.54 from a trend line in the weekly time frame.
BMO Technical Indicator Signal Analysis
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 | 85.78 | POSITIVE | BMO has a high relative strength, it outperformed 85.78% 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) | 67.68 | NEUTRAL | The RSI value for BMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.53 | POSITIVE | The MACD value suggests BMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.59 | OVERBOUGHT | The high Stochastics value suggests BMO may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for BMO suggests a strong trend. |
BMO Chart- and CandleStick Pattern Analysis
BMO Technicals: Chart, Performance Metrics, Trend & Indicators
151.46
-1.93 (-1.26%)
BANK OF MONTREAL / BMO TA 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 BANK OF MONTREAL (BMO) stock?
BANK OF MONTREAL (BMO) has an RSI value of 67.6789. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BANK OF MONTREAL?
The MACD indicator for BANK OF MONTREAL (BMO) has a value of 1.53206, indicating a bullish trend.
What is the buy/sell signal for BANK OF MONTREAL (BMO) stock?
The buy/sell signal for BANK OF MONTREAL (BMO) is buy as both the short term and long term trends are positive.