BROOKFIELD ASSET MGMT-A (BAM)

CA1130041058 - Common Stock

41.8  +0.34 (+0.82%)

After market: 41.8 0 (0%)

Technical Rating and Analysis

8

Overall BAM gets a technical rating of 8 out of 10. Both in the recent history as in the last year, BAM has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, BAM did better than 74% of all other stocks.
BAM is part of the Capital Markets industry. There are 208 other stocks in this industry. BAM outperforms 76% of them.
BAM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BAM is lagging the market slightly.
In the last month BAM has a been trading in the 40.13 - 43.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BAM has an average volume of 1075180 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

9

BAM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 42.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.65, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

29.55

43.09

We found 4 important support areas.

  • A support zone ranging from 40.44 to 41.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @39.70 from a horizontal line in the daily time frame.
  • Support @37.83 from a horizontal line in the daily time frame.
  • Support @29.85 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 42.36 to 42.66. 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
CRS74.98
Mansfield0.3
10 Day High43
10 Day Low40.13
20 Day High43
20 Day Low40.13
52 Week High43
52 Week Low28.35
Performance
1 Week0.1%
2 Weeks-0.5%
1 Month3.47%
3 Month4.06%
6 Month25.37%
12 Month27.75%
2 Year-26.11%
3 Year-6.07%
5 Year34.41%
10 Year130.23%
15 Year582.51%
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)-0.05
RSI(14)54.08
LBB40.39
UBB42.88
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
42.6740.432.24 (5.25%)19.05%
An entry @42.67. This is a Buy Stop order right above the resistance zone.An exit @40.43. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.24 points, which is 5.25%.For a 1.00% total portfolio risk, you can invest 19.05% of your capital in this trade.

  • 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 (3/27/2024, 8:04:00 PM)

After market: 41.8 0 (0%)

41.8

+0.34 (+0.82%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.82%
1 Week0.1%
2 Weeks-0.5%
1 Month3.47%
3 Month4.06%
6 Month25.37%
12 Month27.75%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.9
ATR(20)%2.09%
ATR Inc
Range Today0.86
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 High43
10 Day Low40.13
20 Day High43
20 Day Low40.13
52 Week High43
52 Week Low28.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume831.90K
Volume Incr19.8%
Vol(5)1.06M
Vol(50)1.08M