BROOKFIELD ASSET MGMT-A (BAM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BAM - CA1130041058 - Common Stock
We assign a technical rating of 1 out of 10 to BAM. 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.
BAM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 53.81, a Stop Loss order could be placed below this zone. 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
48.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 52.95 to 53.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.79 from a trend line in the weekly time frame.
- A support zone ranging from 49.40 to 50.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @53.95 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 54.88 to 55.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @59.81 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for BAM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAM is neutral. |
| ChartMill Relative Strength | 36.97 | NEUTRAL | BAM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BAM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BAM is above a declining 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) | 53.2 | NEUTRAL | The RSI value for BAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.21 | NEUTRAL | The Stochastics value for BAM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for BAM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.44 | NEGATIVE | The low ADX value for BAM suggests a weak or negative trend. |
53.94
+0.18 (+0.33%)
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 53.2008. 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 neutral.
What is the support and resistance level for BAM stock?
BROOKFIELD ASSET MGMT-A (BAM) has a support level at 53.81 and a resistance level at 53.95. Check the full technical report for our detailed analysis of BAM support and resistance levels.