BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
NYSE:BAM - New York Stock Exchange, Inc. - CA1130041058 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to BAM. Both in the recent history as in the last year, BAM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BAM is one of the better performing stocks in the Capital Markets industry, it outperforms 92% of 231 stocks in the same industry.
BAM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BAM is performing more or less in line with 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 2235530 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 88% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
BAM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.14
61.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.75 to 56.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.86 from a trend line in the weekly time frame.
- Support @43.58 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @59.97 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 61.36 to 61.37. 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 | UP | POSITIVE | The long term trend for BAM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAM is neutral. |
| ChartMill Relative Strength | 88.79 | POSITIVE | BAM has a high relative strength, it outperformed 88.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BAM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.34 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests BAM has a negative trend. |
| Stochastics (14,3) | 13.11 | OVERSOLD | The low Stochastics value suggests BAM may be oversold. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.23 | NEGATIVE | The low ADX value for BAM suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 57.46 | 55.74 | 1.72 (2.99%) | 25.00% |
| An entry @57.46. This is a Buy Stop order right above the 10 day moving average. | An exit @55.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.72 points, which is 2.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of BAM. Please evaluate whether better entry and exit points can be found.
- 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.
56.1
+0.34 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.61%
1 Week-1.99%
2 Weeks-5.79%
1 Month5.37%
3 Month-0.85%
6 Month-1.85%
12 Month42.97%
2 Year83.81%
3 Year10.87%
5 Year78.89%
10 Year137.85%
15 Year429.91%
Volatility
ATR(14)1.21
ATR(20)%2.41%
ATR Inc13.16%
Range Today1.46
ADR(20)1.24
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.79
Mansfield0.96
10 Day High60.19
10 Day Low54.78
20 Day High60.19
20 Day Low52.39
52 Week High62.61
52 Week Low37.29
CS1 End56.09
CR1 Start59.97
Volume & EV
DER(3)-0.36%
DER(5)1.95%
Volume5.94M
Volume Incr16.82%
Vol(5)2.53M
Vol(50)2.24M