BANK OF MONTREAL (BMO.CA)

CA0636711016 - Common Stock

116.29  +0.69 (+0.6%)

Technical Rating and Analysis

2

Overall BMO gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BMO was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, BMO is a bad performer in the overall market: 65% of all stocks are doing better.
BMO is one of the lesser performing stocks in the Banks industry. 94% of 38 stocks in the same industry do better.
BMO has an average volume of 3028570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BMO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BMO is lagging the market.
In the last month BMO has a been trading in the 109.22 - 120.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
BMO Weekly chart
BMO Daily chart
Setup Rating and Analysis

3

The technical rating of BMO is bad and it also does not present a quality setup 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.

Support and Resistance Analysis

109.20

135.72

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 113.21 to 115.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @110.30 from a horizontal line in the daily time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 116.43 to 117.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @120.85 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 131.11 to 134.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.39
Mansfield-1.47
10 Day High117.75
10 Day Low110.94
20 Day High120.25
20 Day Low109.22
52 Week High133.95
52 Week Low102.67
Performance
1 Week4.12%
2 Weeks3.94%
1 Month-0.05%
3 Month1.24%
6 Month-8.51%
12 Month-3.4%
2 Year-3.95%
3 Year-8.03%
5 Year19.17%
10 Year41.08%
15 Year114.68%
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)
Technical Indicators
MACD(12,26,9)0.37
RSI(14)56.16
LBB108.54
UBB118.05
BMO Daily chart

BANK OF MONTREAL

TSX:BMO (9/13/2024, 7:00:00 PM)

116.29

+0.69 (+0.6%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.6%
1 Week4.12%
2 Weeks3.94%
1 Month-0.05%
3 Month1.24%
6 Month-8.51%
12 Month-3.4%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.17
ATR(20)%1.58%
ATR Inc
Range Today1.98
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High117.75
10 Day Low110.94
20 Day High120.25
20 Day Low109.22
52 Week High133.95
52 Week Low102.67
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume2.96M
Volume Incr-6.5%
Vol(5)2.36M
Vol(50)3.03M