Stock Price Prediction

BMO

0.000

0.000(0.000%)

BMO Price Prediction Next Week

Based on the technical analysis and recent news, here's the price prediction for BMO for the next trading week:

Technical Analysis

RSI(14) at 67.79 indicates the stock is approaching overbought territory but still has room to run
MACD at 0.97 shows positive momentum
SMA20 at $98.02 acts as immediate support
SMA200 at $89.36 provides strong long-term support
Fibonacci levels indicate resistance at $100.74 and support at $97.16

News Impact

BMO received approval for a share buyback program of up to 20 million shares starting January 22, 2025, which should provide price support
Recent investment survey shows 63% of Canadian investors are concerned about recession risks, though BMO's management remains optimistic about market gains in 2025
RBC Capital recently upgraded BMO to Outperform with a price target of C$161, indicating positive analyst sentiment

Price Prediction for Next Week Target Prices:

Resistance: $100.74 (Fibonacci R1)
Support: $97.16 (Fibonacci S1)
Most Likely Range: $98.02-$100.74

The stock is likely to test the $100.74 resistance level next week, supported by the share buyback program and positive analyst upgrades. The technical setup suggests a bullish bias as long as price stays above the 20-day SMA at $98.02.

Trading Recommendation: BUY with entry near $98.02 (20-day SMA support), targeting $100.74. Set stop loss below $97.16.

Based on the technical analysis and recent news, here's the price prediction for BMO for the next trading week:

Technical Analysis

RSI(14) at 67.79 indicates the stock is approaching overbought territory but still has room to run
MACD at 0.97 shows positive momentum
SMA20 at $98.02 acts as immediate support
SMA200 at $89.36 provides strong long-term support
Fibonacci levels indicate resistance at $100.74 and support at $97.16

News Impact

BMO received approval for a share buyback program of up to 20 million shares starting January 22, 2025, which should provide price support
Recent investment survey shows 63% of Canadian investors are concerned about recession risks, though BMO's management remains optimistic about market gains in 2025
RBC Capital recently upgraded BMO to Outperform with a price target of C$161, indicating positive analyst sentiment

Price Prediction for Next Week Target Prices:

Resistance: $100.74 (Fibonacci R1)
Support: $97.16 (Fibonacci S1)
Most Likely Range: $98.02-$100.74

Trading Recommendation: BUY with entry near $98.02 (20-day SMA support), targeting $100.74. Set stop loss below $97.16.

BMO Similar Chart Price Prediction

The price of BMO is predicted to go up 3.17%, based on the high correlation periods with CBU. The similarity of these two price pattern on the periods is 94.79%.

BMO

CBU

Up: 3.17%Similarity: 94.79%

BMO Revenue Forecast

BMO EPS Forecast

BMO FAQs

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BMO VS S&P500

Growth and opportunities in the bank's U.S. markets will outweigh any slowdown in its native Canada as U.S. subsidiaries gain market share.

Compared with its peers, BMO has a lower exposure to the Canadian housing market.

BMO's presence in the Canadian ETF market should pay off as passive investment options gain share in Canada over the next decade.

Ask Intellectia about BMO

BMO Analyst's Forecast

Darko Mihelic

RBC Capital

Hold

Price Target

$106 → $133

Upside

+28.78%

RBC Capital raised the firm's price target on Bank of Montreal to C$133 from C$106 and keeps a Sector Perform rating on the shares.