BROOKFIELD ASSET MGMT-A (BAM)
CA1130041058 - Common Stock
We assign a technical rating of 8 out of 10 to BAM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BAM is only an average performer.
The long and short term trends are both positive. This is looking good!
BAM is part of the Capital Markets industry. There are 222 other stocks in this industry. BAM outperforms 75% of them.
BAM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BAM is leading the market.
BAM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BAM has an average volume of 1085320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BAM did better than 79% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, BAM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.36. Right above this resistance zone may be a good entry point.
More info and screens
30.23
43.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 39.42 to 40.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.94 to 38.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.28 from a horizontal line in the daily time frame.
- Support @30.54 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.36 to 42.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.06
Mansfield0.02
10 Day High42.71
10 Day Low40.77
20 Day High42.71
20 Day Low37.4
52 Week High43
52 Week Low28.35
Performance
1 Week2.43%
2 Weeks3.34%
1 Month10.24%
3 Month6.05%
6 Month3.77%
12 Month24.41%
2 Year-15.21%
3 Year-22.02%
5 Year28.88%
10 Year112.15%
15 Year350.21%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.15
RSI(14)62.73
LBB38.62
UBB43.47
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.67 | 40.76 | 1.91 (4.48%) | 22.34% |
| An entry @42.67. This is a Buy Stop order right above the resistance zone. | An exit @40.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.91 points, which is 4.48%. | For a 1.00% total portfolio risk, you can invest 22.34% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BROOKFIELD ASSET MGMT-A
NYSE:BAM (7/26/2024, 7:18:08 PM)
After market: 42.1 0 (0%)42.1
+0.64 (+1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg1.54%
1 Week2.43%
2 Weeks3.34%
1 Month10.24%
3 Month6.05%
6 Month3.77%
12 Month24.41%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.94
ATR(20)%2.21%
ATR Inc
Range Today0.63
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High42.71
10 Day Low40.77
20 Day High42.71
20 Day Low37.4
52 Week High43
52 Week Low28.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume633.60K
Volume Incr-8.44%
Vol(5)803.96K
Vol(50)1.09M