BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
NYSE:BAM • CA1130041058
Overall BAM gets a technical rating of 0 out of 10. BAM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 80% of all other stocks performed better in the past year than BAM.
- BAM has an average volume of 2837470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BAM is part of the Capital Markets industry. There are 238 other stocks in this industry, BAM did better than 43% of them.
- BAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BAM is lagging the market.
- In the last month BAM has a been trading in the 46.76 - 53.46 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, BAM does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
46.89
When analyzing the support we can see 2 important areas.
- Support @48.72 from a horizontal line in the weekly time frame.
- Support @47.36 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 51.64 to 52.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.95 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 55.13 to 55.76. This zone is formed by a combination of multiple trend lines 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 | 20.46 | NEGATIVE | BAM has a low relative strength, it was outperformed by 79.54% 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) | 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) | 42.38 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests BAM has a negative trend. |
| Stochastics (14,3) | 25.18 | NEUTRAL | The Stochastics value for BAM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.25 | NEGATIVE | The low ADX value for BAM suggests a weak or negative trend. |
48.73
-0.75 (-1.52%)
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 trend direction for BAM stock?
The current trend direction for BROOKFIELD ASSET MGMT-A (BAM) is Bearish.
Can you provide the RSI signal for BROOKFIELD ASSET MGMT-A?
BROOKFIELD ASSET MGMT-A (BAM) has an RSI value of 42.3806. This indicates that the stock is currently neutral.
What is the short term momentum for BROOKFIELD ASSET MGMT-A (BAM) stock?
The short term momentum for BROOKFIELD ASSET MGMT-A (BAM) is negative.
What is the support and resistance level for BAM stock?
BROOKFIELD ASSET MGMT-A (BAM) has a support level at 48.72 and a resistance level at 51.64. Check the full technical report for our detailed analysis of BAM support and resistance levels.