BROOKFIELD ASSET MGMT-A (BAM)

CA1130041058 - Common Stock

40.86  -0.2 (-0.49%)

Technical Rating and Analysis

10

Taking everything into account, BAM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BAM is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BAM did better than 80% of all other stocks.
BAM is one of the better performing stocks in the Capital Markets industry, it outperforms 83% of 206 stocks in the same industry.
BAM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BAM has a been trading in the 38.32 - 42.03 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
BAM has an average volume of 1344100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
BAM Weekly chart
BAM Daily chart
Setup Rating and Analysis

8

BAM has an excellent technical rating and also presents a decent setup pattern. 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 41.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.72, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

29.39

42.09

3 important support areas can be observed.

  • A support zone ranging from 40.35 to 40.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 37.83 to 38.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @29.69 from a trend line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 41.18 to 41.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.77
Mansfield0.47
10 Day High42.03
10 Day Low38.71
20 Day High42.03
20 Day Low38.32
52 Week High42.03
52 Week Low28.35
Performance
1 Week0.56%
2 Weeks1.71%
1 Month1.21%
3 Month13.87%
6 Month17.68%
12 Month19.78%
2 Year-24.85%
3 Year1.76%
5 Year36.35%
10 Year127.83%
15 Year589.95%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)57.54
LBB39.19
UBB41.82
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
41.6840.341.34 (3.21%)25.00%
An entry @41.68. This is a Buy Stop order right above the resistance zone.An exit @40.34. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 1.34 points, which is 3.21%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%.

  • 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.
BAM Daily chart

BROOKFIELD ASSET MGMT-A

NYSE:BAM (2/27/2024, 9:19:30 AM)

40.86

-0.2 (-0.49%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.49%
1 Week0.56%
2 Weeks1.71%
1 Month1.21%
3 Month13.87%
6 Month17.68%
12 Month19.78%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.02
ATR(20)%2.43%
ATR Inc
Range Today0.43
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High42.03
10 Day Low38.71
20 Day High42.03
20 Day Low38.32
52 Week High42.03
52 Week Low28.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume51.29K
Volume Incr-50.3%
Vol(5)639.56K
Vol(50)1.34M