BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BAM • CA1130041058
Taking everything into account, BAM scores 1 out of 10 in our technical rating. 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.
- 78% of all other stocks performed better in the past year than BAM.
- BAM is one of the lesser performing stocks in the Capital Markets industry. 62% of 238 stocks in the same industry do better.
- In the last month BAM has a been trading in the 49.24 - 55.48 range, which is quite wide. It is currently trading near the lows of this range.
- BAM has an average volume of 2297500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BAM is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So BAM is doing better than the market!
- 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. There is a resistance zone just above the current price starting at 52.21. Right above this resistance zone may be a good entry point.
More info and screens
48.91
2 important support areas can be observed.
- Support @50.72 from a trend line in the daily time frame.
- A support zone ranging from 49.40 to 49.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 52.21 to 52.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 53.58 to 53.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 22.02 | NEGATIVE | BAM has a low relative strength, it was outperformed by 77.98% 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 | MIXED | The current price of BAM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BAM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.37 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.96 | OVERSOLD | The low Stochastics value suggests BAM may be oversold. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.35 | NEGATIVE | The low ADX value for BAM suggests a weak or negative trend. |
50.76
+1.05 (+2.11%)
BROOKFIELD ASSET MGMT-A / BAM FAQ
Can you provide the ChartMill technical rating for BROOKFIELD ASSET MGMT-A?
ChartMill assigns a technical rating of 1 / 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 43.3709. 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 50.72 and a resistance level at 52.21. Check the full technical report for our detailed analysis of BAM support and resistance levels.