BROOKFIELD BUSINESS PT-UNIT (BBU-UN.CA) Stock Technical Analysis
TSX:BBU-UN - Toronto Stock Exchange - BMG162341090 - Currency: CAD
We assign a technical rating of 8 out of 10 to BBU-UN. BBU-UN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, BBU-UN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 34.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BBU-UN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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29.03
We found 3 important support areas.
- A support zone ranging from 33.96 to 34.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.26 from a trend line in the weekly time frame.
- Support @29.32 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 36.10 to 36.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 37.10 to 37.11. 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 BBU-UN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBU-UN.CA is up. |
| ChartMill Relative Strength | 77.58 | POSITIVE | BBU-UN.CA has a high relative strength, it outperformed 77.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BBU-UN.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBU-UN.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBU-UN.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.26 | NEUTRAL | The RSI value for BBU-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests BBU-UN.CA has a negative trend. |
| Stochastics (14,3) | 36.8 | NEUTRAL | The Stochastics value for BBU-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for BBU-UN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.73 | NEUTRAL | The ADX value for BBU-UN.CA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 36.48 | 34.57 | 1.91 (5.24%) | 19.10% |
| An entry @36.48. This is a Buy Stop order right above the resistance zone. | An exit @34.57. 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 5.24%. | When investing 19.10% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
TSX:BBU-UN (7/17/2025, 7:00:00 PM)
35.17
-0.36 (-1.01%)