BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
NYSE:BAM - New York Stock Exchange, Inc. - CA1130041058 - Common Stock - Currency: USD
Taking everything into account, BAM scores 7 out of 10 in our technical rating. BAM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month BAM has a been trading in the 53.67 - 57.74 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BAM did better than 88% of all other stocks. We also observe that the gains produced by BAM over the past year are nicely spread over this period.
BAM is one of the better performing stocks in the Capital Markets industry, it outperforms 89% of 232 stocks in the same industry.
BAM has an average volume of 2189940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
BAM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BAM is lagging the market slightly.
Besides having an excellent technical rating, BAM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 54.34, a Stop Loss order could be placed below this zone.
More info and screens
46.01
61.98
We found 2 important support areas.
- A support zone ranging from 53.98 to 54.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.47 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 54.41 to 56.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 59.96 to 59.97. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 61.36 to 61.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BAM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BAM is down. |
| ChartMill Relative Strength | 88.75 | POSITIVE | BAM has a high relative strength, it outperformed 88.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BAM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BAM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.85 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.39 | NEGATIVE | The MACD value suggests BAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.13 | OVERSOLD | The low Stochastics value suggests BAM may be oversold. |
| Average True Range in percent/ATR (20) | 2.18 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for BAM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 55.28 | 53.97 | 1.31 (2.36%) | 25.00% |
| An entry @55.28. This is a Buy Stop order right above the 10 day moving average. | An exit @53.97. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.31 points, which is 2.36%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.59%. |
- The distance between exit and entry is rather small compared to the average daily movement of BAM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.35
-0.29 (-0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.53%
1 Week-3.19%
2 Weeks-3.96%
1 Month-5.15%
3 Month9.73%
6 Month-0.13%
12 Month43.18%
2 Year66.56%
3 Year22.22%
5 Year65.2%
10 Year133.4%
15 Year440.62%
Volatility
ATR(14)1.21
ATR(20)%2.18%
ATR Inc-11.51%
Range Today1.02
ADR(20)1.09
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.75
Mansfield0.38
10 Day High57.74
10 Day Low53.67
20 Day High57.74
20 Day Low53.67
52 Week High62.61
52 Week Low37.4
CS1 End54.34
CR1 Start54.41
Volume & EV
DER(3)-2.71%
DER(5)-1.78%
Volume1.53M
Volume Incr-40.71%
Vol(5)1.43M
Vol(50)2.19M