BANK OF MONTREAL (BMO) Stock Technical Analysis
NYSE:BMO - New York Stock Exchange, Inc. - CA0636711016 - Common Stock - Currency: USD
Overall BMO gets a technical rating of 10 out of 10. 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.
When comparing the yearly performance of all stocks, we notice that BMO is one of the better performing stocks in the market, outperforming 82% of all stocks.
BMO is one of the better performing stocks in the Banks industry, it outperforms 86% of 396 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.
BMO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, BMO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 114.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 113.43, a Stop Loss order could be placed below this zone.
More info and screens
87.98
115.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 111.18 to 113.43. 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 105.10 to 105.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 92.84 to 94.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 88.87 to 89.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 114.23 to 114.53. 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 | UP | POSITIVE | The short term trend for BMO is up. |
| ChartMill Relative Strength | 82.78 | POSITIVE | BMO has a high relative strength, it outperformed 82.78% 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) | 68.86 | NEUTRAL | The RSI value for BMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BMO has a negative trend. |
| Stochastics (14,3) | 89.77 | OVERBOUGHT | The high Stochastics value suggests BMO may be overbought. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 45.34 | 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 |
|---|---|---|---|
| 114.54 | 111.60 | 2.95 (2.57%) | 25.00% |
| An entry @114.54. This is a Buy Stop order right above the resistance zone. | An exit @111.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.95 points, which is 2.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- 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.
114.22
-0.14 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.12%
1 Week0.43%
2 Weeks0.89%
1 Month7.5%
3 Month22.25%
6 Month15.29%
12 Month31.36%
2 Year22.92%
3 Year13.4%
5 Year105.73%
10 Year104.44%
15 Year87.06%
Volatility
ATR(14)1.32
ATR(20)%1.18%
ATR Inc-2.01%
Range Today0.78
ADR(20)1.25
ADR(20)%1.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.78
Mansfield0.92
10 Day High114.76
10 Day Low111.61
20 Day High114.76
20 Day Low104.09
52 Week High114.76
52 Week Low76.98
CS1 End113.43
CR1 Start114.23
Volume & EV
DER(3)2.35%
DER(5)1.03%
Volume442.60K
Volume Incr-22.88%
Vol(5)439.20K
Vol(50)564.43K