BROOKFIELD BUSINESS PT-UNIT (BBU-UN.CA) Stock Technical Analysis
TSX:BBU-UN - Toronto Stock Exchange - BMG162341090 - Currency: CAD
Overall BBU-UN gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
BBU-UN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 36.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.31, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
29.11
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.99 to 35.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.41 from a trend line in the weekly time frame.
- Support @29.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important 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 | NEUTRAL | NEUTRAL | The short term trend for BBU-UN.CA is neutral. |
| ChartMill Relative Strength | 71.8 | POSITIVE | BBU-UN.CA has a high relative strength, it outperformed 71.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBU-UN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BBU-UN.CA is above a declining 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) | 53.55 | NEUTRAL | The RSI value for BBU-UN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BBU-UN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.19 | NEUTRAL | The Stochastics value for BBU-UN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for BBU-UN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.97 | NEGATIVE | The low ADX value for BBU-UN.CA suggests a weak or negative 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 | 34.27 | 2.21 (6.06%) | 16.51% |
| An entry @36.48. This is a Buy Stop order right above the resistance zone. | An exit @34.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.21 points, which is 6.06%. | For a 1.00% total portfolio risk, you can invest 16.51% 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.
TSX:BBU-UN (7/25/2025, 7:00:00 PM)
35.34
+0.7 (+2.02%)