BMO Long H4Buy Stop Entry @ 112.68
S/L @ 109.08
T/P1 @ 127.48
T/P2 @ ---------
R.R.R. @ 1/4
Pure Price Action analysis based on Breakout of target level.
BMO trade ideas
Bank of Montreal (TSE:BMO) Pre-Earnings: Here’s What to ExpectBank of Montreal ( NYSE:BMO ) shares gained in trading as investors await the Canadian bank's Q2 earnings results on May 29. Analysts are expecting earnings per share to come in at C$2.77 on revenue of C$8.054 billion, a decline from the C$2.93 per share seen in the year-ago period. The bank has not had a good track record lately when it comes to beating estimates, with only beating EPS forecasts two times during the past eight quarters.
Bank of Montreal ( NYSE:BMO ) has a Strong Buy consensus rating on NYSE:BMO stock based on eight Buys, one Hold, and zero Sells assigned in the past three months. The average NYSE:BMO price target of C$135.61 per share implies 3.66% upside potential. Other equities research analysts have issued research reports about the company, with Jefferies Financial Group starting coverage on February 22nd, StockNews.com raising Bank of Montreal ( NYSE:BMO ) from a "sell" rating to a "hold" rating, and Barclays taking coverage on March 20th.
Bank of Montreal ( NYSE:BMO ) has a market cap of $69.63 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 2.37, and a beta of 1.13. The bank reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by ($0.34). Hedge funds and other institutional investors own 45.82% of the company's stock.
Technical Outlook
Bank of Montreal ( NYSE:BMO ) stock closed Friday's trading session up 0.97% trading with a Relative Strength Index (RSI) of 59.22 which is poised for further growth. The daily price chart shows a strong retracement to the support zone of $93.33.
BMO Bank of Montreal Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BMO Bank of Montreal prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BMO: Broke Through and Confirmed Supply at a Demand LineBMO has broken down a previous Demand Line and Confirmed it as a present Supply Line. I am now looking for BMO to break below the 200-week Simple Moving average; upon doing that, there will be nothing left for BMO to hold on to and should take it down to about $43.
BMO setup and retacementNot financial Advice, Red Boxes are best places to retest in the short to the long term, consider profit taking based on risk taste. Will do a light rebound at each box is highlighted to scalp either upside or downside.
$BMO with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BMO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
Projected position for BMO in the next 5 monthsI personal love BMO, a reputable, and customer relationship focus bank, the business modeled is without a doubt stable and track record of conservative investments that promotes the long term growth of the company.
Ideally, being a good bank, doesn't avoid the direction the market could take the stock too. I've liquidated my positions on BMO, and waiting for a setup for a bottom through momentum oscillators.
BMO stock plummeting down -46% to $47 dollarBMO will cease to exist within the next 10 years. The bank business model has become a speculative gambling casino on stocks
BMO - Ascending Triangle BMO has formed a very large Ascending Triangle
Price has broken out of this ascending Triangle and is looking to continue this bullish action, this is shown with the bars pattern in white
Ascending Triangles most of the time break out bullishly, especially one of this magnitude
May be up for a good run coming this ex-dividend.$BMO may be up for a good run coming this ex-dividend. NFA just an Idea.
$BMO with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BMO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$BMO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BMO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 72.73%.
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BANK OF MONTREAL Plan DailyHello traders, BANK OF MONTREAL is in a bullish movement with a continuation of issued buy volume and a kind of hammer candle. The TIMEFRAME M1 shows us a marubozu with a low executed buy volume, just checked the base of the bollinger. To then go to the top of the balance zone to test it. Strong propability to breakout the price with the momentum then at the same time the zone to arrive in the one above and to interfere on the top which follows.
Before the highest of the bollinger will be tested but impossible to fill the gap of bearish breakout (See TIMEFRAME H1). With verification (on the TIMEFRAME H4) for this high, no buying force to test the intermediate median of ANDREWS PITCHFORK.
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Canadian banks offer high-yielding cushion in a correction.If you're worried that growth stocks (the tech and now healthcare stocks) are just ridiculously valued, then perhaps you should think about Canadian bank stocks as a potential cushion against a potential market correction. Earnings beat analyst expectations. Yields are in excess of 4%. Loan loss provisions will gradually find their way back into bank earnings as the economy recovers next year. The steepening yield curve also bodes well for future earnings growth.
$BMO with a slight bullish outlook following earnings$BMO released its earning release with a positive under reaction following its earnings with the PEAD projecting a a slight bullish outlook, Placing the stock in Drift A
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BMO is ready to FLY !we are finally breaking the range market from March 2020.
Price is respecting the uptrend. We expect price to go higher for next days.
