BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
NYSE:BAM - CA1130041058 - Common Stock
60.39 USD
+0.17 (+0.28%)
60.39 USD
0 (0%)
Overall BAM gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BAM has a been trading in the 58.52 - 64.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that BAM is one of the better performing stocks in the market, outperforming 85% of all stocks.
BAM is one of the better performing stocks in the Capital Markets industry, it outperforms 82% of 238 stocks in the same industry.
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.
BAM has an average volume of 2206610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 support zone below the current price at 59.70, 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.
More info and screens
48.02
63.83
3 important support areas can be observed.
- A support zone ranging from 59.01 to 59.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @48.51 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 63.03 to 63.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 85.13 | POSITIVE | BAM has a high relative strength, it outperformed 85.13% 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 | POSITIVE | The current price of BAM is above 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) | 49.69 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests BAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.51 | NEUTRAL | The Stochastics value for BAM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 18 | 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 |
|---|---|---|---|
| 60.50 | 59.00 | 1.50 (2.48%) | 25.00% |
| An entry @60.50. This is a Buy Stop order right above the 10 day moving average. | An exit @59.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.50 points, which is 2.48%. | For a 0.62% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
60.39
+0.17 (+0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.28%
1 Week1.72%
2 Weeks-3.39%
1 Month-2.86%
3 Month7.65%
6 Month6.73%
12 Month48.16%
2 Year74.79%
3 Year25.52%
5 Year78.99%
10 Year188.03%
15 Year429.94%
Volatility
ATR(14)1.15
ATR(20)%2.43%
ATR Inc-40.14%
Range Today0.77
ADR(20)1.36
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.13
Mansfield0.14
10 Day High62.52
10 Day Low58.53
20 Day High64.1
20 Day Low58.53
52 Week High64.1
52 Week Low39.19
CS1 End59.7
CR1 Start63.03
Volume & EV
DER(3)0.75%
DER(5)2.72%
Volume3.31M
Volume Incr7.85%
Vol(5)1.81M
Vol(50)2.21M