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Bank of Montreal Pref Y
Buy, Hold or Sell?

Let's analyse Bank of Montreal Pref Y together

PenkeI guess you are interested in Bank of Montreal Pref Y. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Bank of Montreal Pref Y. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Bank of Montreal Pref Y (30 sec.)










What can you expect buying and holding a share of Bank of Montreal Pref Y? (30 sec.)

How much money do you get?

How much money do you get?
C$2.96
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
C$107.20
Expected worth in 1 year
C$108.83
How sure are you?
82.4%

+ What do you gain per year?

Total Gains per Share
C$5.65
Return On Investment
24.4%

For what price can you sell your share?

Current Price per Share
C$23.18
Expected price per share
C$21.23 - C$23.24
How sure are you?
50%

1. Valuation of Bank of Montreal Pref Y (5 min.)




Live pricePrice per Share (EOD)

C$23.18

Intrinsic Value Per Share

C$-62.76 - C$-86.85

Total Value Per Share

C$44.44 - C$20.34

2. Growth of Bank of Montreal Pref Y (5 min.)




Is Bank of Montreal Pref Y growing?

Current yearPrevious yearGrowGrow %
How rich?$56.9b$51.2b$4.7b8.6%

How much money is Bank of Montreal Pref Y making?

Current yearPrevious yearGrowGrow %
Making money$995.4m$1.9b-$1b-100.6%
Net Profit Margin16.1%38.0%--

How much money comes from the company's main activities?

3. Financial Health of Bank of Montreal Pref Y (5 min.)




What can you expect buying and holding a share of Bank of Montreal Pref Y? (5 min.)

Welcome investor! Bank of Montreal Pref Y's management wants to use your money to grow the business. In return you get a share of Bank of Montreal Pref Y.

What can you expect buying and holding a share of Bank of Montreal Pref Y?

First you should know what it really means to hold a share of Bank of Montreal Pref Y. And how you can make/lose money.

Speculation

The Price per Share of Bank of Montreal Pref Y is C$23.18. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Bank of Montreal Pref Y.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Bank of Montreal Pref Y, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$107.20. Based on the TTM, the Book Value Change Per Share is C$0.41 per quarter. Based on the YOY, the Book Value Change Per Share is C$3.33 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$1.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bank of Montreal Pref Y.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps1.325.7%1.476.3%2.9512.7%2.068.9%2.068.9%
Usd Book Value Change Per Share0.251.1%0.301.3%2.4510.6%4.6420.0%4.6420.0%
Usd Dividend Per Share0.763.3%0.743.2%0.683.0%0.753.2%0.753.2%
Usd Total Gains Per Share1.014.3%1.044.5%3.1413.5%5.3923.3%5.3923.3%
Usd Price Per Share14.48-13.37-15.09-15.01-15.01-
Price to Earnings Ratio2.75-2.30-5.19-2.96-2.96-
Price-to-Total Gains Ratio14.36-4.54--1.58-18.47-18.47-
Price to Book Ratio0.18-0.17-0.20-0.22-0.22-
Price-to-Total Gains Ratio14.36-4.54--1.58-18.47-18.47-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share17.067434
Number of shares58
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.740.75
Usd Book Value Change Per Share0.304.64
Usd Total Gains Per Share1.045.39
Gains per Quarter (58 shares)60.36312.86
Gains per Year (58 shares)241.431,251.46
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
11727023117410771241
234314047234921542492
351520971352332313743
468727995469743094994
5858349119587253866245
610304191436104664637496
712024881677122075408747
813735581918139586179998
9154562821591569969411249
101716698240017431077112500

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Book Value Change Per Share3.01.00.075.0%8.04.00.066.7%11.06.00.064.7%11.06.00.064.7%11.06.00.064.7%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%17.00.00.0100.0%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%14.03.00.082.4%14.03.00.082.4%14.03.00.082.4%

Fundamentals of Bank of Montreal Pref Y

About Bank of Montreal Pref Y

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; provides investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions. In addition, the company provides individual life, critical illness and annuity products, as well as segregated funds, and group creditor and travel insurance to customers; debt and equity capital-raising, loan origination and syndication, balance sheet management, treasury management, mergers and acquisitions advice, restructurings and recapitalizations, trade finance, and risk mitigation services, as well as a range of banking and other operating services. Further, the company offers research and access to financial markets for institutional, corporate and retail clients through an integrated suite of sales and trading solutions related to debt, foreign exchange, interest rates, credit, equities, securitization, and commodities; provides new product development and origination services, as well as risk management and advisory services for hedging strategies, including in interest rates, foreign exchange rates and commodities prices; and funding and liquidity management services. The company was founded in 1817 and is headquartered in Montreal, Canada.

Fundamental data was last updated by Penke on 2024-03-28 22:04:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Bank of Montreal Pref Y.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Bank of Montreal Pref Y earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Bank of Montreal Pref Y to the Banks - Diversified industry mean.
  • A Net Profit Margin of 14.2% means that $0.14 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bank of Montreal Pref Y:

  • The MRQ is 14.2%. The company is making a huge profit. +2
  • The TTM is 16.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ14.2%TTM16.1%-1.9%
TTM16.1%YOY38.0%-22.0%
TTM16.1%5Y26.4%-10.3%
5Y26.4%10Y26.4%0.0%
1.1.2. Return on Assets

Shows how efficient Bank of Montreal Pref Y is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Bank of Montreal Pref Y to the Banks - Diversified industry mean.
  • 0.1% Return on Assets means that Bank of Montreal Pref Y generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bank of Montreal Pref Y:

  • The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.1%TTM0.1%0.0%
TTM0.1%YOY0.2%-0.1%
TTM0.1%5Y0.2%-0.1%
5Y0.2%10Y0.2%0.0%
1.1.3. Return on Equity

Shows how efficient Bank of Montreal Pref Y is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Bank of Montreal Pref Y to the Banks - Diversified industry mean.
  • 1.7% Return on Equity means Bank of Montreal Pref Y generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bank of Montreal Pref Y:

  • The MRQ is 1.7%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 1.8%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ1.7%TTM1.8%-0.1%
TTM1.8%YOY4.0%-2.2%
TTM1.8%5Y3.0%-1.2%
5Y3.0%10Y3.0%0.0%

1.2. Operating Efficiency of Bank of Montreal Pref Y.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bank of Montreal Pref Y is operating .

  • Measures how much profit Bank of Montreal Pref Y makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Bank of Montreal Pref Y to the Banks - Diversified industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bank of Montreal Pref Y:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
1.2.2. Operating Ratio

Measures how efficient Bank of Montreal Pref Y is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Bank of Montreal Pref Y:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000

1.3. Liquidity of Bank of Montreal Pref Y.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Bank of Montreal Pref Y is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Banks - Diversified industry mean).
  • A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Bank of Montreal Pref Y:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.085-0.085
TTM0.085YOY0.386-0.301
TTM0.0855Y0.305-0.220
5Y0.30510Y0.3050.000
1.3.2. Quick Ratio

Measures if Bank of Montreal Pref Y is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Bank of Montreal Pref Y to the Banks - Diversified industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bank of Montreal Pref Y:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.013-0.013
TTM0.013YOY0.042-0.030
TTM0.0135Y0.048-0.035
5Y0.04810Y0.0480.000

1.4. Solvency of Bank of Montreal Pref Y.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Bank of Montreal Pref Y assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Bank of Montreal Pref Y to Banks - Diversified industry mean.
  • A Debt to Asset Ratio of 0.94 means that Bank of Montreal Pref Y assets are financed with 94.2% credit (debt) and the remaining percentage (100% - 94.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Bank of Montreal Pref Y:

  • The MRQ is 0.942. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.940. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.942TTM0.940+0.001
TTM0.940YOY0.937+0.004
TTM0.9405Y0.940+0.000
5Y0.94010Y0.9400.000
1.4.2. Debt to Equity Ratio

Measures if Bank of Montreal Pref Y is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Bank of Montreal Pref Y to the Banks - Diversified industry mean.
  • A Debt to Equity ratio of 1,614.9% means that company has $16.15 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bank of Montreal Pref Y:

  • The MRQ is 16.149. The company is unable to pay all its debts with equity. -1
  • The TTM is 15.805. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ16.149TTM15.805+0.344
TTM15.805YOY14.789+1.016
TTM15.8055Y15.781+0.024
5Y15.78110Y15.7810.000

2. Market Valuation of Bank of Montreal Pref Y

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Bank of Montreal Pref Y generates.

  • Above 15 is considered overpriced but always compare Bank of Montreal Pref Y to the Banks - Diversified industry mean.
  • A PE ratio of 2.75 means the investor is paying $2.75 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bank of Montreal Pref Y:

  • The EOD is 3.239. Based on the earnings, the company is cheap. +2
  • The MRQ is 2.747. Based on the earnings, the company is cheap. +2
  • The TTM is 2.303. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD3.239MRQ2.747+0.492
MRQ2.747TTM2.303+0.444
TTM2.303YOY5.188-2.885
TTM2.3035Y2.963-0.660
5Y2.96310Y2.9630.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bank of Montreal Pref Y:

  • The EOD is 0.233. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.198. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 0.342. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.233MRQ0.198+0.035
MRQ0.198TTM0.342-0.144
TTM0.342YOY-0.231+0.573
TTM0.3425Y0.057+0.285
5Y0.05710Y0.0570.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Bank of Montreal Pref Y is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Banks - Diversified industry mean).
  • A PB ratio of 0.18 means the investor is paying $0.18 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Bank of Montreal Pref Y:

  • The EOD is 0.216. Based on the equity, the company is cheap. +2
  • The MRQ is 0.183. Based on the equity, the company is cheap. +2
  • The TTM is 0.171. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.216MRQ0.183+0.033
MRQ0.183TTM0.171+0.012
TTM0.171YOY0.200-0.029
TTM0.1715Y0.217-0.046
5Y0.21710Y0.2170.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bank of Montreal Pref Y compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.3360.408-18%3.334-90%6.306-95%6.306-95%
Book Value Per Share--107.197106.073+1%102.743+4%95.184+13%95.184+13%
Current Ratio---0.085-100%0.386-100%0.305-100%0.305-100%
Debt To Asset Ratio--0.9420.940+0%0.937+1%0.940+0%0.940+0%
Debt To Equity Ratio--16.14915.805+2%14.789+9%15.781+2%15.781+2%
Dividend Per Share--1.0331.005+3%0.930+11%1.020+1%1.020+1%
Eps--1.7891.993-10%4.003-55%2.804-36%2.804-36%
Free Cash Flow Per Share--24.8532.136+1063%17.127+45%10.872+129%10.872+129%
Free Cash Flow To Equity Per Share--14.47911.480+26%43.908-67%30.881-53%30.881-53%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---86.852--------
Intrinsic Value_10Y_min---62.760--------
Intrinsic Value_1Y_max--20.607--------
Intrinsic Value_1Y_min--20.258--------
Intrinsic Value_3Y_max--39.577--------
Intrinsic Value_3Y_min--38.235--------
Intrinsic Value_5Y_max--31.618--------
Intrinsic Value_5Y_min--31.269--------
Market Cap14833577029.120+4%14173074105.26013032794254.653+9%13866395921.235+2%13625565352.826+4%13625565352.826+4%
Net Profit Margin--0.1420.161-12%0.380-63%0.264-46%0.264-46%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio0.216+15%0.1830.171+7%0.200-8%0.217-15%0.217-15%
Pe Ratio3.239+15%2.7472.303+19%5.188-47%2.963-7%2.963-7%
Price Per Share23.180+15%19.66018.155+8%20.495-4%20.392-4%20.392-4%
Price To Free Cash Flow Ratio0.233+15%0.1980.342-42%-0.231+217%0.057+248%0.057+248%
Price To Total Gains Ratio16.931+15%14.3604.538+216%-1.579+111%18.472-22%18.472-22%
Quick Ratio---0.013-100%0.042-100%0.048-100%0.048-100%
Return On Assets--0.0010.001-8%0.002-61%0.002-46%0.002-46%
Return On Equity--0.0170.018-6%0.040-58%0.030-44%0.030-44%
Total Gains Per Share--1.3691.413-3%4.264-68%7.326-81%7.326-81%
Usd Book Value--56900527700.00056068324625.000+1%51271882350.000+11%47140871200.000+21%47140871200.000+21%
Usd Book Value Change Per Share--0.2470.301-18%2.455-90%4.643-95%4.643-95%
Usd Book Value Per Share--78.92978.101+1%75.650+4%70.084+13%70.084+13%
Usd Dividend Per Share--0.7610.740+3%0.685+11%0.751+1%0.751+1%
Usd Eps--1.3181.467-10%2.947-55%2.065-36%2.065-36%
Usd Free Cash Flow--13192287100.0001173294050.000+1024%8605138100.000+53%5290575370.588+149%5290575370.588+149%
Usd Free Cash Flow Per Share--18.3001.573+1063%12.611+45%8.005+129%8.005+129%
Usd Free Cash Flow To Equity Per Share--10.6618.453+26%32.330-67%22.738-53%22.738-53%
Usd Market Cap10921962766.541+4%10435634463.7039596046409.701+9%10209827316.805+2%10032503769.286+4%10032503769.286+4%
Usd Price Per Share17.067+15%14.47613.368+8%15.090-4%15.015-4%15.015-4%
Usd Profit--949827000.000995477600.000-5%1997397825.000-52%1387838876.471-32%1387838876.471-32%
Usd Revenue--6706956700.0006212531250.000+8%5456535225.000+23%5340167341.176+26%5340167341.176+26%
Usd Total Gains Per Share--1.0081.041-3%3.140-68%5.394-81%5.394-81%
 EOD+4 -4MRQTTM+16 -17YOY+15 -185Y+14 -1910Y+14 -19

3.2. Fundamental Score

Let's check the fundamental score of Bank of Montreal Pref Y based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-153.239
Price to Book Ratio (EOD)Between0-10.216
Net Profit Margin (MRQ)Greater than00.142
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.942
Debt to Equity Ratio (MRQ)Less than116.149
Return on Equity (MRQ)Greater than0.150.017
Return on Assets (MRQ)Greater than0.050.001
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Bank of Montreal Pref Y based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5079.136
Ma 20Greater thanMa 5022.087
Ma 50Greater thanMa 10020.733
Ma 100Greater thanMa 20019.540
OpenGreater thanClose23.000
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets1,324,762,000
Total Liabilities1,247,483,000
Total Stockholder Equity77,250,000
 As reported
Total Liabilities 1,247,483,000
Total Stockholder Equity+ 77,250,000
Total Assets = 1,324,762,000

Assets

Total Assets1,324,762,000
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 78,862,000
Short-term Investments 69,493,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)148,355,000
+/- 148,355,000
Long-term Assets
Property Plant Equipment 6,205,000
Goodwill 16,182,000
Long Term Investments 347,912,000
Intangible Assets 5,001,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)375,300,000
+/- 375,300,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity77,250,000
Total Current Liabilities
Short Long Term Debt 103,111,000
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)103,111,000
+/- 103,111,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 44,161,000
Total Stockholder Equity (as reported)77,250,000
Total Stockholder Equity (calculated)44,161,000
+/- 33,089,000
Other
Capital Stock26,712,000
Common Stock Shares Outstanding 720,909
Net Debt 163,904,000
Net Invested Capital 316,716,000



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2024-01-312023-10-312023-07-312023-04-302023-01-312022-10-312022-07-312022-04-302022-01-312021-10-312021-07-312021-04-302021-01-312020-10-312020-07-312020-04-302020-01-31
> Total Assets 
879,720,000
987,067,000
973,508,000
949,261,000
973,211,000
949,839,000
971,358,000
988,175,000
1,023,172,000
1,041,565,000
1,068,338,000
1,139,199,000
1,145,706,000
1,250,891,000
1,248,554,000
1,293,276,000
1,324,762,000
1,324,762,0001,293,276,0001,248,554,0001,250,891,0001,145,706,0001,139,199,0001,068,338,0001,041,565,0001,023,172,000988,175,000971,358,000949,839,000973,211,000949,261,000973,508,000987,067,000879,720,000
   > Total Current Assets 
0
347,221,000
351,419,000
347,846,000
349,349,000
347,532,000
351,264,000
382,239,000
344,026,000
344,626,000
349,315,000
402,878,000
386,426,000
0
368,594,000
0
0
00368,594,0000386,426,000402,878,000349,315,000344,626,000344,026,000382,239,000351,264,000347,532,000349,349,000347,846,000351,419,000347,221,0000
       Cash And Cash Equivalents 
52,890,000
79,280,000
84,954,000
74,187,000
81,467,000
107,548,000
92,618,000
104,744,000
58,696,000
77,990,000
76,903,000
93,200,000
108,422,000
73,770,000
85,920,000
82,059,000
78,862,000
78,862,00082,059,00085,920,00073,770,000108,422,00093,200,00076,903,00077,990,00058,696,000104,744,00092,618,000107,548,00081,467,00074,187,00084,954,00079,280,00052,890,000
       Short-term Investments 
74,101,000
74,476,000
78,493,000
73,407,000
70,574,000
61,172,000
64,553,000
20,408,000
43,071,000
37,879,000
39,273,000
25,007,000
48,365,000
56,519,000
53,831,000
32,251,000
69,493,000
69,493,00032,251,00053,831,00056,519,00048,365,00025,007,00039,273,00037,879,00043,071,00020,408,00064,553,00061,172,00070,574,00073,407,00078,493,00074,476,00074,101,000
       Net Receivables 
0
1,898,000
1,717,000
5,682,000
1,434,000
1,141,000
1,145,000
6,959,000
1,615,000
1,242,000
1,545,000
7,617,000
1,815,000
0
1,925,000
9,756,000
0
09,756,0001,925,00001,815,0007,617,0001,545,0001,242,0001,615,0006,959,0001,145,0001,141,0001,434,0005,682,0001,717,0001,898,0000
       Other Current Assets 
0
22,542,000
18,127,000
29,278,000
11,990,000
12,042,000
14,369,000
25,309,000
12,913,000
13,342,000
12,615,000
32,604,000
13,729,000
0
9,653,000
0
0
009,653,000013,729,00032,604,00012,615,00013,342,00012,913,00025,309,00014,369,00012,042,00011,990,00029,278,00018,127,00022,542,0000
   > Long-term Assets 00000000000000000
       Property Plant Equipment 
0
5,949,000
5,812,000
4,860,000
4,202,000
4,298,000
4,266,000
4,869,000
4,550,000
4,581,000
4,604,000
5,104,000
4,865,000
6,111,000
6,012,000
6,365,000
6,205,000
6,205,0006,365,0006,012,0006,111,0004,865,0005,104,0004,604,0004,581,0004,550,0004,869,0004,266,0004,298,0004,202,0004,860,0005,812,0005,949,0000
       Goodwill 
6,396,000
6,785,000
6,566,000
6,535,000
6,365,000
5,375,000
5,450,000
5,378,000
4,957,000
5,002,000
4,995,000
5,285,000
5,260,000
16,025,000
15,913,000
16,728,000
16,182,000
16,182,00016,728,00015,913,00016,025,0005,260,0005,285,0004,995,0005,002,0004,957,0005,378,0005,450,0005,375,0006,365,0006,535,0006,566,0006,785,0006,396,000
       Long Term Investments 
211,459,000
213,908,000
227,905,000
234,260,000
233,190,000
212,867,000
230,776,000
232,689,000
275,878,000
253,782,000
265,285,000
272,916,000
280,656,000
315,614,000
311,538,000
322,379,000
347,912,000
347,912,000322,379,000311,538,000315,614,000280,656,000272,916,000265,285,000253,782,000275,878,000232,689,000230,776,000212,867,000233,190,000234,260,000227,905,000213,908,000211,459,000
       Intangible Assets 
2,430,000
2,526,000
2,470,000
2,442,000
2,388,000
2,323,000
2,298,000
2,266,000
2,071,000
2,090,000
2,130,000
2,193,000
2,277,000
5,158,000
5,121,000
5,216,000
5,001,000
5,001,0005,216,0005,121,0005,158,0002,277,0002,193,0002,130,0002,090,0002,071,0002,266,0002,298,0002,323,0002,388,0002,442,0002,470,0002,526,0002,430,000
       Other Assets 
0
494,040,000
468,543,000
451,152,000
476,660,000
468,010,000
479,473,000
464,985,000
510,144,000
530,744,000
551,824,000
558,654,000
576,579,000
0
665,684,000
0
0
00665,684,0000576,579,000558,654,000551,824,000530,744,000510,144,000464,985,000479,473,000468,010,000476,660,000451,152,000468,543,000494,040,0000
> Total Liabilities 
827,544,000
931,833,000
918,921,000
892,668,000
917,063,000
894,325,000
913,662,000
930,652,000
963,368,000
975,973,000
1,001,344,000
1,068,161,000
1,070,792,000
1,174,806,000
1,174,360,000
1,216,239,000
1,247,483,000
1,247,483,0001,216,239,0001,174,360,0001,174,806,0001,070,792,0001,068,161,0001,001,344,000975,973,000963,368,000930,652,000913,662,000894,325,000917,063,000892,668,000918,921,000931,833,000827,544,000
   > Total Current Liabilities 
0
862,041,000
854,364,000
831,025,000
853,774,000
829,776,000
850,095,000
871,617,000
897,898,000
910,127,000
932,990,000
996,134,000
996,510,000
0
1,084,834,000
0
0
001,084,834,0000996,510,000996,134,000932,990,000910,127,000897,898,000871,617,000850,095,000829,776,000853,774,000831,025,000854,364,000862,041,0000
       Short Long Term Debt 
0
0
20,292,000
28,630,000
30,511,000
27,651,000
67,188,000
86,289,000
90,731,000
95,868,000
97,804,000
96,072,000
110,569,000
102,792,000
102,387,000
108,536,000
103,111,000
103,111,000108,536,000102,387,000102,792,000110,569,00096,072,00097,804,00095,868,00090,731,00086,289,00067,188,00027,651,00030,511,00028,630,00020,292,00000
       Accounts payable 
0
653,710,000
660,600,000
634,696,000
672,500,000
657,201,000
680,553,000
657,746,000
704,949,000
713,714,000
729,385,000
709,911,000
787,376,000
0
883,569,000
19,722,000
0
019,722,000883,569,0000787,376,000709,911,000729,385,000713,714,000704,949,000657,746,000680,553,000657,201,000672,500,000634,696,000660,600,000653,710,0000
       Other Current Liabilities 
0
52,773,000
48,667,000
49,591,000
46,238,000
44,685,000
42,914,000
53,442,000
49,755,000
52,621,000
54,034,000
60,062,000
59,062,000
0
55,996,000
0
0
0055,996,000059,062,00060,062,00054,034,00052,621,00049,755,00053,442,00042,914,00044,685,00046,238,00049,591,00048,667,00052,773,0000
   > Long-term Liabilities 00000000000000000
       Other Liabilities 
0
36,108,000
31,855,000
4,777,000
36,117,000
38,717,000
37,138,000
4,837,000
37,221,000
38,149,000
41,173,000
11,482,000
44,288,000
0
60,641,000
0
0
0060,641,000044,288,00011,482,00041,173,00038,149,00037,221,0004,837,00037,138,00038,717,00036,117,0004,777,00031,855,00036,108,0000
> Total Stockholder Equity
52,176,000
55,234,000
54,587,000
56,593,000
56,148,000
55,514,000
57,696,000
57,523,000
59,804,000
65,592,000
66,994,000
71,038,000
74,914,000
76,066,000
74,173,000
77,009,000
77,250,000
77,250,00077,009,00074,173,00076,066,00074,914,00071,038,00066,994,00065,592,00059,804,00057,523,00057,696,00055,514,00056,148,00056,593,00054,587,00055,234,00052,176,000
   Common Stock
0
13,000,000
13,200,000
13,430,000
13,501,000
13,536,000
13,609,000
13,599,000
13,625,000
17,038,000
17,392,000
17,744,000
21,637,000
0
22,474,000
0
0
0022,474,000021,637,00017,744,00017,392,00017,038,00013,625,00013,599,00013,609,00013,536,00013,501,00013,430,00013,200,00013,000,0000
   Retained Earnings 
29,510,000
29,426,000
29,902,000
30,745,000
32,012,000
32,561,000
34,089,000
35,497,000
37,513,000
41,275,000
41,653,000
45,117,000
44,238,000
44,143,000
44,500,000
44,920,000
44,161,000
44,161,00044,920,00044,500,00044,143,00044,238,00045,117,00041,653,00041,275,00037,513,00035,497,00034,089,00032,561,00032,012,00030,745,00029,902,00029,426,00029,510,000
   Capital Surplus 00000000000000000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
0
7,817,000
6,493,000
7,426,000
6,386,000
5,164,000
5,748,000
4,464,000
4,697,000
3,911,000
4,584,000
5,210,000
5,404,000
0
3,569,000
0
0
003,569,00005,404,0005,210,0004,584,0003,911,0004,697,0004,464,0005,748,0005,164,0006,386,0007,426,0006,493,0007,817,0000



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2023-10-31)

Gross Profit (+$)
totalRevenue33,055,000
Cost of Revenue-0
Gross Profit033,055,000
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative14,268,000
Selling And Marketing Expenses0
Operating Expense014,268,000
 
Net Interest Income (+$)
Interest Income55,574,000
Interest Expense-36,893,000
Other Finance Cost-0
Net Interest Income18,681,000
 
Pretax Income (+$)
Operating Income0
Net Interest Income18,681,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)5,863,0000
EBIT - interestExpense = -36,893,000
4,365,000
41,258,000
Interest Expense36,893,000
Earnings Before Interest and Taxes (EBIT)042,756,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax5,863,000
Tax Provision-1,486,000
Net Income From Continuing Ops4,377,0004,377,000
Net Income4,365,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-18,681,000
 

Technical Analysis of Bank of Montreal Pref Y
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Bank of Montreal Pref Y. The general trend of Bank of Montreal Pref Y is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Bank of Montreal Pref Y's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Bank of Montreal Pref Y.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 23.24.

The bearish price targets are: 21.70 > 21.32 > 21.23.

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Bank of Montreal Pref Y Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Bank of Montreal Pref Y. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Bank of Montreal Pref Y Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Bank of Montreal Pref Y. The current macd is 0.75007547.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bank of Montreal Pref Y price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bank of Montreal Pref Y. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Bank of Montreal Pref Y price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Bank of Montreal Pref Y Daily Moving Average Convergence/Divergence (MACD) ChartBank of Montreal Pref Y Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Bank of Montreal Pref Y. The current adx is 51.31.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Bank of Montreal Pref Y shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Bank of Montreal Pref Y Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Bank of Montreal Pref Y. The current sar is 22.72.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Bank of Montreal Pref Y Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Bank of Montreal Pref Y. The current rsi is 79.14. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Bank of Montreal Pref Y Daily Relative Strength Index (RSI) ChartBank of Montreal Pref Y Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Bank of Montreal Pref Y. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bank of Montreal Pref Y price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Bank of Montreal Pref Y Daily Stochastic Oscillator ChartBank of Montreal Pref Y Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Bank of Montreal Pref Y. The current cci is 111.75.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Bank of Montreal Pref Y Daily Commodity Channel Index (CCI) ChartBank of Montreal Pref Y Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Bank of Montreal Pref Y. The current cmo is 60.45.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Bank of Montreal Pref Y Daily Chande Momentum Oscillator (CMO) ChartBank of Montreal Pref Y Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Bank of Montreal Pref Y. The current willr is -3.125.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Bank of Montreal Pref Y Daily Williams %R ChartBank of Montreal Pref Y Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Bank of Montreal Pref Y.

Bank of Montreal Pref Y Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Bank of Montreal Pref Y. The current atr is 0.24615973.

Bank of Montreal Pref Y Daily Average True Range (ATR) ChartBank of Montreal Pref Y Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Bank of Montreal Pref Y. The current obv is -399,680.

Bank of Montreal Pref Y Daily On-Balance Volume (OBV) ChartBank of Montreal Pref Y Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Bank of Montreal Pref Y. The current mfi is 70.58.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Bank of Montreal Pref Y Daily Money Flow Index (MFI) ChartBank of Montreal Pref Y Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Bank of Montreal Pref Y.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-22CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-24BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-28RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-06RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-07SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-04MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-05MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-08BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-19BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-24STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-14WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-22DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-28CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-05MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Bank of Montreal Pref Y Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Bank of Montreal Pref Y based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5079.136
Ma 20Greater thanMa 5022.087
Ma 50Greater thanMa 10020.733
Ma 100Greater thanMa 20019.540
OpenGreater thanClose23.000
Total4/5 (80.0%)
Penke

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