Technical Analysis for BMLP - Bank Of Montreal - BMO Elkhorn DWA MLP Select Index Exchange Traded Notes due December 10, 2036

Grade Last Price % Change Price Change
grade D 33.845 0.28% 0.10
BMLP closed up 0.28 percent on Tuesday, August 11, 2020, on 77 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical BMLP trend table...

Date Alert Name Type % Chg
MACD Bullish Centerline Cross Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Weak + Overbought Other 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
20 DMA Support Bullish 0.28%
Crossed Above 50 DMA Bullish 0.28%
Expansion Pivot Buy Setup Bullish Swing Setup 0.28%
Wide Range Bar Range Expansion 0.28%

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Profile

The return on the BMO Elkhorn DWA MLP Select™ Index Exchange Traded Notes (ETNs) is linked to the performance of the DWA MLP Select™ Index (Index). The Index is composed of publicly traded master limited partnerships (MLPs) that are selected based on the Dorsey Wright Relative Strength Ranking Methodology. Relative strength measures how one security is performing in relation to another in an effort to identify which security is outperforming the other. On a monthly basis, the Index rebalances the equally-weighted basket by selecting the top 15 MLPs exhibiting the largest positive relative strength characteristics.
Corporate Finance Exchange Traded Note Master Limited Partnership Relative Strength Basket

Is BMLP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 51.27
52 Week Low 15.87
Average Volume 1,559
200-Day Moving Average 38.63
50-Day Moving Average 32.43
20-Day Moving Average 30.59
10-Day Moving Average 31.69
Average True Range 1.23
ADX 15.31
+DI 43.99
-DI 38.06
Chandelier Exit (Long, 3 ATRs ) 31.53
Chandelier Exit (Short, 3 ATRs ) 31.93
Upper Bollinger Band 33.69
Lower Bollinger Band 27.50
Percent B (%b) 1.03
BandWidth 20.21
MACD Line 0.16
MACD Signal Line -0.30
MACD Histogram 0.4598
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.23
Resistance 3 (R3) 34.25 34.13 34.17
Resistance 2 (R2) 34.13 34.03 34.12 34.15
Resistance 1 (R1) 33.99 33.97 33.93 33.97 34.13
Pivot Point 33.87 33.87 33.84 33.86 33.87
Support 1 (S1) 33.73 33.77 33.67 33.72 33.56
Support 2 (S2) 33.61 33.71 33.60 33.54
Support 3 (S3) 33.47 33.61 33.52
Support 4 (S4) 33.46