BROOKFIELD FIN I UK PLC - BAMACN 4 1/2 PERP (BAMI) Stock Technical Analysis
USA - NYSE:BAMI -
16.1917 USD
-0.34 (-2.06%)
We assign a technical rating of 1 out of 10 to BAMI. BAMI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, BAMI is a bad performer in the overall market: 70% of all stocks are doing better.
BAMI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: BAMI has an average volume of 23973 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month BAMI has a been trading in the 15.38 - 17.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BAMI has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
14.90
25.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.95 to 16.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 15.05 to 15.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 16.85 to 17.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.23 to 19.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.56 from a horizontal line in the daily time frame.
- Resistance @24.95 from a horizontal line in the weekly 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 BAMI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BAMI is neutral. |
| ChartMill Relative Strength | 30.96 | NEUTRAL | BAMI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAMI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BAMI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.23 | NEUTRAL | The RSI value for BAMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BAMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.06 | NEUTRAL | The Stochastics value for BAMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BAMI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for BAMI suggests a possible start of a new 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)
BROOKFIELD FIN I UK PLC - BAMACN 4 1/2 PERP
NYSE:BAMI (12/9/2022, 8:27:53 PM)
16.1917
-0.34 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.06%
1 Week-4.92%
2 Weeks4.13%
1 Month3.59%
3 Month-5.31%
6 Month-9.14%
12 Month-33.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%2.35%
ATR Inc67.23%
Range Today0.79
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.96
Mansfield-1.02
10 Day High17.05
10 Day Low15.52
20 Day High17.05
20 Day Low15.38
52 Week High24.62
52 Week Low14.7
CS1 End16.09
CR1 Start16.85
Volume & EV
DER(3)-2.81%
DER(5)0.7%
Volume78.50K
Volume Incr36.96%
Vol(5)32.26K
Vol(50)23.97K