BROOKFIELD ASSET MGMT-A (BAM)       33.5  -0.2 (-0.59%)

33.5  -0.2 (-0.59%)

CA1130041058 - Common Stock

Technical Rating

2

Taking everything into account, BAM scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. BAM was also a bad performer in the overall market in the last year.



In the last month BAM has a been trading in the 29.02 - 34.01 range, which is quite wide. It is currently trading near the high of this range.
BAM has an average volume of 2102560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the yearly performance of all stocks, BAM is a bad performer in the overall market: 90% of all stocks are doing better.
BAM is part of the Capital Markets industry. There are 202 other stocks in this industry, of which 90% are performing better than BAM.
BAM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 14.16% -16.69% -32.40% -38.33% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 10.53 26.76 - 62.465
BAM Weekly chart
BAM Daily chart

Support/Resistance Analysis


31.26

49.30
When analyzing the support we notice one important area.
  • A support zone ranging from 31.58 to 32.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
  • A resistance zone ranging from 33.69 to 34.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @43.35 from a trend line in the daily time frame.
  • Resistance @48.81 from a trend line in the weekly time frame.

Setup Analysis

Setup Rating

3

The technical rating of BAM is bad and it also does not present a quality setup 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.


BAM Daily chart

BROOKFIELD ASSET MGMT-A33.5

NYSE:BAM (2/6/2023, 1:39:09 PM)-0.2 (-0.59%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Capital Markets

Performance
Today -0.59% 1 Week 3.69%
2 Weeks 5.31% 1 Month 14.16%
3 Month -16.69% 6 Month -32.4%

Volatility
ATR(14) 0.88 ATR(20)% 2.82%
ATR Inc 12.2% Range Today 0.67

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 10.53 Mansfield -2.75
10 Day High 34.01 10 Day Low 31.27
20 Day High 34.01 20 Day Low 29.02
52 Week High 62.47 52 Week Low 26.76
CS1 End 32.46 CR1 Start 33.71

Volume & EV
DER(3) 3.15% DER(5) 2.58%
Volume 1.71M Volume Incr 35.26%
Vol(5) 1.80M Vol(50) 2.10M

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA