Technical Analysis for XXXX - Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | N/A | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Overbought Stochastic | Strength | 0.00% | |
| New 52 Week Closing High | Bullish | -1.30% | |
| Overbought Stochastic | Strength | -1.30% | |
| Up 3 Days in a Row | Strength | -1.30% | |
| NR7 | Range Contraction | -0.41% | |
| NR7-2 | Range Contraction | -0.41% | |
| Narrow Range Bar | Range Contraction | -0.41% | |
| Overbought Stochastic | Strength | -0.41% | |
| Stochastic Sell Signal | Bearish | -0.13% | |
| 180 Bullish Setup | Bullish Swing Setup | -0.13% |
| Alert | Time |
|---|---|
| Fell Below Previous Day's Low | about 17 hours ago |
| Down 2 % | about 17 hours ago |
| Down 1% | about 17 hours ago |
| 60 Minute Opening Range Breakout | 2 days ago |
| Fell Below Previous Day's Low | 2 days ago |
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Bank Of Montreal MAX S&P 500 4X Leveraged ETNs due October 30, 2043 Description
XXXX is a leveraged ETN that aims to provide amplified exposure to the US large-cap sector. Its objective is to quadruple the daily performance of the S&P 500 total return index, which encompasses stock prices and dividends from the 500 largest US equity market companies. Its important to note that investors take on the credit risk of BMO in exchange for the certainty of pure tracking. Unlike traditional investment products, XXXX does not guarantee any return of principal at redemption or maturity. Instead, it strives to generate a return that is four times the daily performance of the underlying index. The leveraged characteristic makes XXXX best suited for short-term trading strategies rather than long-term investments. Its crucial to consider that the effects of daily compounding can result in deviations of long-term returns from the performance of the index.
Classification
Keywords: S&P 500 Dividend Investment Product Total Return Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 39.7255 |
| 52 Week Low | 24.4799 |
| Average Volume | 1,597,461 |
| 200-Day Moving Average | 0.00 |
| 50-Day Moving Average | 36.07 |
| 20-Day Moving Average | 35.92 |
| 10-Day Moving Average | 38.04 |
| Average True Range | 1.20 |
| RSI (14) | 63.77 |
| ADX | 20.82 |
| +DI | 31.91 |
| -DI | 21.47 |
| Chandelier Exit (Long, 3 ATRs) | 35.88 |
| Chandelier Exit (Short, 3 ATRs) | 34.60 |
| Upper Bollinger Bands | 40.91 |
| Lower Bollinger Band | 30.93 |
| Percent B (%b) | 0.79 |
| BandWidth | 27.79 |
| MACD Line | 1.20 |
| MACD Signal Line | 0.75 |
| MACD Histogram | 0.4457 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 40.47 | ||||
| Resistance 3 (R3) | 40.45 | 39.87 | 40.19 | ||
| Resistance 2 (R2) | 39.87 | 39.44 | 39.88 | 40.10 | |
| Resistance 1 (R1) | 39.33 | 39.18 | 39.04 | 39.35 | 40.00 |
| Pivot Point | 38.75 | 38.75 | 38.61 | 38.76 | 38.75 |
| Support 1 (S1) | 38.21 | 38.32 | 37.92 | 38.23 | 37.58 |
| Support 2 (S2) | 37.63 | 38.06 | 37.64 | 37.48 | |
| Support 3 (S3) | 37.09 | 37.63 | 37.39 | ||
| Support 4 (S4) | 37.11 |
