BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
USA - NYSE:BAM - CA1130041058 - Common Stock
Taking everything into account, BAM scores 0 out of 10 in our technical rating. 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. There is a support zone below the current price at 53.02, a Stop Loss order could be placed below this zone.
More info and screens
48.27
When analyzing the support we can see 2 important areas.
- A support zone ranging from 53.02 to 53.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.76 from a trend line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 54.05 to 54.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 55.76 to 56.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.78 from a horizontal line in the daily time frame.
- A resistance zone ranging from 60.03 to 60.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 22.54 | NEGATIVE | BAM has a low relative strength, it was outperformed by 77.46% 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) | 36.32 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.47 | OVERSOLD | The low Stochastics value suggests BAM may be oversold. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for BAM suggests a possible start of a new trend. |
53.03
-0.24 (-0.45%)
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 36.316. 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 0.000222439, 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 53.02 and a resistance level at 54.05. Check the full technical report for our detailed analysis of BAM support and resistance levels.