BROOKFIELD BUSINESS-CL A (BBUC) Stock Technical Analysis
NYSE:BBUC - CA11259V1067 - Common Stock
33 USD
-2.08 (-5.93%)
33 USD
0 (0%)
Taking everything into account, BBUC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BBUC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BBUC did better than 86% of all other stocks. We also observe that the gains produced by BBUC over the past year are nicely spread over this period.
BBUC is one of the better performing stocks in the Industrial Conglomerates industry, it outperforms 100% of 6 stocks in the same industry.
A new 52 week high is currently being made by BBUC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month BBUC has a been trading in the 28.29 - 35.19 range, which is quite wide. It is currently trading near the high of this range.
Although BBUC has an excellent technical rating, it does not offer a high quality setup 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
23.22
33.33
5 important support areas can be observed.
- A support zone ranging from 29.67 to 29.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 28.31 to 28.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.82 from a horizontal line in the daily time frame.
- Support @25.51 from a trend line in the weekly time frame.
- Support @23.45 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 | UP | POSITIVE | The long term trend for BBUC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBUC is up. |
| ChartMill Relative Strength | 86.25 | POSITIVE | BBUC has a high relative strength, it outperformed 86.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBUC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBUC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBUC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.92 | NEUTRAL | The RSI value for BBUC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests BBUC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.92 | OVERBOUGHT | The high Stochastics value suggests BBUC may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for BBUC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.87 | POSITIVE | The high ADX value value for BBUC suggests a strong 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)
33
-2.08 (-5.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-5.93%
1 Week-3.51%
2 Weeks6.08%
1 Month12.28%
3 Month15.67%
6 Month19.65%
12 Month44.8%
2 Year86.86%
3 Year35.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%3.1%
ATR Inc54.34%
Range Today2.21
ADR(20)1
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.25
Mansfield1.29
10 Day High35.19
10 Day Low30.96
20 Day High35.19
20 Day Low28.29
52 Week High35.19
52 Week Low20.23
CS1 End29.92
CR1 StartN/A
Volume & EV
DER(3)0.36%
DER(5)1.19%
Volume69.70K
Volume Incr-21.45%
Vol(5)79.62K
Vol(50)103.62K