Stock Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
BANK of MONTREAL (TSE:BMO)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BMO
The long term trend has been UP since May 16th, 2018 at 101.35
The intermediate term trend has been DOWN since Oct 5th, 2018 at 105.51
The short term trend has been DOWN since Sep 26th, 2018 at 107.70
Smart Scan Analysis for BMO
Based on a pre-defined weighted trend formula for chart analysis, BMO scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||109||Year High Date||2018-09-24|
|Year Low||93.6||Year Low Date||2018-02-09|
|52wk High||109||52wk High Date||2018-09-24|
|52wk Low||93.6||52wk Low Date||2018-02-09|
|Year End Close||60.86||Average Volume||1,365,482|