BANK OF MONTREAL (BMO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BMO - CA0636711016 - Common Stock
Taking everything into account, BMO scores 10 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, BMO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 127.78, a Stop Loss order could be placed below this zone.
More info and screens
97.44
When analyzing the support we can see 3 important areas.
- A support zone ranging from 124.25 to 127.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.92 to 121.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @98.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 129.82 to 132.10. 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 | 80.53 | POSITIVE | BMO has a high relative strength, it outperformed 80.53% 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) | 57.33 | NEUTRAL | The RSI value for BMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BMO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.79 | NEUTRAL | The Stochastics value for BMO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for BMO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.5 | NEGATIVE | The low ADX value for BMO suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 132.11 | 126.41 | 5.70 (4.31%) | 23.18% |
| An entry @132.11. This is a Buy Stop order right above the resistance zone. | An exit @126.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.70 points, which is 4.31%. | When investing 23.18% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
129.74
+0.02 (+0.02%)
BANK OF MONTREAL / BMO 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 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 57.326. 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 positive.
Can you provide the buy/sell signal for BANK OF MONTREAL?
The buy/sell signal for BANK OF MONTREAL (BMO) is buy as both the short term and long term trends are positive.