BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BAM - CA1130041058 - Common Stock
Overall BAM gets a technical rating of 0 out of 10. BAM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, BAM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 52.66, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BAM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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48.71
2 important support areas can be observed.
- A support zone ranging from 52.29 to 52.66. 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 49.20 to 50.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 52.75 to 52.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 54.46 to 55.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.43 from a trend line in the daily time frame.
- Resistance @63.19 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BAM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BAM is down. |
| ChartMill Relative Strength | 24.59 | NEGATIVE | BAM has a low relative strength, it was outperformed by 75.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BAM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.73 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests BAM has a positive trend. |
| Stochastics (14,3) | 51.69 | NEUTRAL | The Stochastics value for BAM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.41 | NEGATIVE | The low ADX value for BAM suggests a weak or negative trend. |
52.74
+0.67 (+1.29%)
BROOKFIELD ASSET MGMT-A / BAM FAQ
Can you provide the ChartMill technical rating for BROOKFIELD ASSET MGMT-A?
ChartMill assigns a technical rating of 0 / 10 to BAM.
What is the current trend direction of BROOKFIELD ASSET MGMT-A (BAM) stock?
The current trend direction for BROOKFIELD ASSET MGMT-A (BAM) is Bearish.
What is the RSI signal for BAM stock?
BROOKFIELD ASSET MGMT-A (BAM) has an RSI value of 49.7302. This indicates that the stock is currently neutral.
What is the MACD signal for BAM stock?
The MACD indicator for BROOKFIELD ASSET MGMT-A (BAM) has a value of 0.221349, indicating a bearish trend.
Can you provide the support and resistance levels for BROOKFIELD ASSET MGMT-A?
BROOKFIELD ASSET MGMT-A (BAM) has a support level at 52.66 and a resistance level at 52.75. Check the full technical report for our detailed analysis of BAM support and resistance levels.