Taking this into account, CIBC downgraded its Bank of Montreal [BMO] rating to a Neutral from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early January from “a Sector perform” to “an Outperform”. Scotiabank also remained covering BMO and has increased its forecast on December 06, 2024 with a “Sector outperform” recommendation from previously “Sector perform” rating. CIBC revised its rating on December 06, 2024. It rated BMO as “a Sector outperform” which previously was an “a Neutral”.
Price Performance Review of BMO
On Tuesday, Bank of Montreal [NYSE:BMO] saw its stock jump 1.95% to $94.10. Over the last five days, the stock has gained 2.06%. Bank of Montreal shares have fallen nearly -3.04% since the year began. Nevertheless, the stocks have risen 3.40% over the past one year. While a 52-week high of $106.00 was reached on 02/25/25, a 52-week low of $76.98 was recorded on 04/07/25. SMA at 50 days reached $96.98, while 200 days put it at $92.88.
Levels Of Support And Resistance For BMO Stock
The 24-hour chart illustrates a support level at 93.25, which if violated will result in even more drops to 92.39. On the upside, there is a resistance level at 94.65. A further resistance level may holdings at 95.19. The Relative Strength Index (RSI) on the 14-day chart is 49.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.82%. Stochastics %K at 62.64% indicates the stock is a holding.
How much short interest is there in Bank of Montreal?
A steep rise in short interest was recorded in Bank of Montreal stocks on 2025-03-31, growing by 2.33 million shares to a total of 7.52 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.18 million shares. There was a rise of 31.02%, which implies that there is a positive sentiment for the stock.
