NYSE:BAM - New York Stock Exchange, Inc. - CA1130041058 - Common Stock - Currency: USD
Overall BAM gets a technical rating of 6 out of 10. 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.
Although the technical rating is only medium, BAM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 55.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.67, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
46.41
We found 2 important support areas.
We can see 3 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for BAM is neutral. |
ChartMill Relative Strength | 86.85 | POSITIVE | BAM has a high relative strength, it outperformed 86.85% 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) | 50.02 | NEUTRAL | The RSI value for BAM is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests BAM has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 53.54 | NEUTRAL | The Stochastics value for BAM is a neutral value. |
Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
Average Directional Index/ADX (14) | 14.58 | NEGATIVE | The low ADX value for BAM suggests a weak or negative trend. |
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 |
---|---|---|---|
55.45 | 53.97 | 1.48 (2.67%) | 25.00% |
An entry @55.45. This is a Buy Stop order right above the resistance zone. | An exit @53.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.48 points, which is 2.67%. | For a 0.67% total portfolio risk, you can invest 25.00% of your capital in this trade. |
55.28
+0.16 (+0.29%)