Bank Of Montreal $BMO Investment Report

Longer Term Trading Plans for BMO
  • Buy BMO slightly over 82.27 target 90.02 stop loss @ 82.03 Details
  • The technical summary data tells us to buy BMO near 82.27 with an upside target of 90.02. This data also tells us to set a stop loss @ 82.03 to protect against excessive loss in case the stock begins to move against the trade. 82.27 is the first level of support below 86.83 , and by rule, any test of support is a buy signal. In this case, support 82.27 would be being tested, so a buy signal would exist.

  • Short BMO slightly under 90.02, target 82.27, stop loss @ 90.28 Details
  • The technical summary data is suggesting a short of BMO as it gets near 90.02 with a downside target of 82.27. We should have a stop loss in place at 90.28though. 90.02 is the first level of resistance above 86.83, and by rule, any test of resistance is a short signal. In this case, if resistance 90.02 is being tested, so a short signal would exist.

Swing Trading Plans for BMO
  • Buy BMO slightly over 87.34, target 89.44, Stop Loss @ 87.09 Details
  • If 87.34 begins to break higher, the technical summary data tells us to buy BMO just slightly over 87.34, with an upside target of 89.44. The data also tells us to set a stop loss @ 87.09 in case the stock turns against the trade. 87.34 is the first level of resistance above 86.83, and by rule, any break above resistance is a buy signal. In this case, 87.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BMO slightly near 87.34, target 82.27, Stop Loss @ 87.59. Details
  • The technical summary data is suggesting a short of BMO if it tests 87.34 with a downside target of 82.27. We should have a stop loss in place at 87.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 87.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BMO
  • Buy BMO slightly over 87.34, target 87.75, Stop Loss @ 87.14 Details
  • If 87.34 begins to break higher, the technical summary data tells us to buy BMO just slightly over 87.34, with an upside target of 87.75. The data also tells us to set a stop loss @ 87.14 in case the stock turns against the trade. 87.34 is the first level of resistance above 86.83, and by rule, any break above resistance is a buy signal. In this case, 87.34, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BMO slightly near 87.34, target 82.27, Stop Loss @ 87.54. Details
  • The technical summary data is suggesting a short of BMO if it tests 87.34 with a downside target of 82.27. We should have a stop loss in place at 87.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 87.34, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

This is a snapshot. Real Time Updates are available on our BMO Page.

BMO Ratings for May 03:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 82.27
P2 87.75 87.34 90.02
P3 89.68 89.44 97.50
Triggers may have already come
Get Real Time Triggers Here
Support and Resistance Plot Chart for BMO

BMO Long Term Analysis for May 3 2023

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:
  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Bank Of Montreal (NYSE: BMO) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BMO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BMO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BMO too.  All of these are offered below the Summary Table.

tradethepoolpool ads