BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
NYSE:BAM - New York Stock Exchange, Inc. - CA1130041058 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BAM. 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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that BAM is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, BAM also shows a nice and consistent pattern of rising prices.
BAM is one of the better performing stocks in the Capital Markets industry, it outperforms 80% of 236 stocks in the same industry.
BAM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BAM is performing more or less in line with the market.
BAM has an average volume of 2416780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BAM has a been trading in the 54.71 - 63.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BAM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
47.21
63.83
When analyzing the support we can see 2 important 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 @47.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important 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 | UP | POSITIVE | The short term trend for BAM is up. |
| ChartMill Relative Strength | 86.55 | POSITIVE | BAM has a high relative strength, it outperformed 86.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAM is above the rising 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) | 51.98 | 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. |
| Stochastics (14,3) | 69.13 | NEUTRAL | The Stochastics value for BAM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.91 | POSITIVE | The high ADX value value for BAM suggests a strong 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)
59.81
-1.86 (-3.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-3.02%
1 Week-5.09%
2 Weeks-1.56%
1 Month5.28%
3 Month9.22%
6 Month-0.03%
12 Month46.74%
2 Year73.11%
3 Year24.32%
5 Year77.27%
10 Year185.26%
15 Year424.85%
Volatility
ATR(14)1.56
ATR(20)%2.47%
ATR Inc48.12%
Range Today1.25
ADR(20)1.35
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
CRS86.55
Mansfield0.63
10 Day High63.53
10 Day Low59.17
20 Day High63.53
20 Day Low54.71
52 Week High63.53
52 Week Low38.18
CS1 End54.34
CR1 Start63.03
Volume & EV
DER(3)0.74%
DER(5)2.59%
Volume2.11M
Volume Incr-42.31%
Vol(5)1.67M
Vol(50)2.42M