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 45.7855 1.44% 0.65
BMLP closed up 1.44 percent on Tuesday, October 15, 2019, on 12 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical BMLP trend table...

Date Alert Name Type % Chg
Death Cross Bearish 0.00%
Stochastic Buy Signal Bullish 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Expansion Breakdown Bearish Swing Setup 1.44%
Down 3 Days in a Row Weakness 1.44%
Down 4 Days in a Row Weakness 1.44%
Down 5 Days in a Row Weakness 1.44%
Gapped Down Weakness 1.44%

Older signals for BMLP ...

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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 Alerian Exchange Traded Note Legal Entities 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
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 53.32
52 Week Low 41.31
Average Volume 1,029
200-Day Moving Average 47.849
50-Day Moving Average 47.8479
20-Day Moving Average 47.2363
10-Day Moving Average 46.4725
Average True Range 0.6691
ADX 14.04
+DI 30.8091
-DI 43.7059
Chandelier Exit (Long, 3 ATRs ) 49.2627
Chandelier Exit (Short, 3 ATRs ) 47.1423
Upper Bollinger Band 49.8085
Lower Bollinger Band 44.6641
Percent B (%b) 0.22
BandWidth 10.890777
MACD Line -0.5964
MACD Signal Line -0.3461
MACD Histogram -0.2503
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 45.79
Resistance 3 (R3) 45.79 45.79 45.79
Resistance 2 (R2) 45.79 45.79 45.79 45.79
Resistance 1 (R1) 45.79 45.79 45.79 45.79 45.79
Pivot Point 45.79 45.79 45.79 45.79 45.79
Support 1 (S1) 45.79 45.79 45.79 45.79 45.79
Support 2 (S2) 45.79 45.79 45.79 45.79
Support 3 (S3) 45.79 45.79 45.79
Support 4 (S4) 45.79