BROOKFIELD BUSINESS-CL A (BBUC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BBUC - CA11259V1067 - Common Stock
Taking everything into account, BBUC scores 1 out of 10 in our technical rating. BBUC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, BBUC does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
23.22
We found 7 important support areas.
- Support @31.84 from a trend line in the daily time frame.
- A support zone ranging from 31.22 to 31.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.71 from a trend line in the daily time frame.
- Support @28.31 from a horizontal line in the daily time frame.
- Support @27.83 from a horizontal line in the daily time frame.
- Support @25.96 from a trend line in the weekly time frame.
- Support @23.45 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.11 to 32.27. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 36.71 to 36.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BBUC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BBUC is down. |
| ChartMill Relative Strength | 74.06 | POSITIVE | BBUC has a high relative strength, it outperformed 74.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BBUC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BBUC is below a declining 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) | 42.09 | NEUTRAL | The RSI value for BBUC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BBUC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.16 | OVERSOLD | The low Stochastics value suggests BBUC may be oversold. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for BBUC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.97 | NEGATIVE | The low ADX value for BBUC suggests a weak or negative trend. |
32.01
+0.14 (+0.44%)
BROOKFIELD BUSINESS-CL A / BBUC FAQ
What is the ChartMill technical rating of BROOKFIELD BUSINESS-CL A (BBUC) stock?
ChartMill assigns a technical rating of 1 / 10 to BBUC.
What is the current trend direction of BROOKFIELD BUSINESS-CL A (BBUC) stock?
The current trend direction for BROOKFIELD BUSINESS-CL A (BBUC) is Bearish.
Can you provide the RSI signal for BROOKFIELD BUSINESS-CL A?
BROOKFIELD BUSINESS-CL A (BBUC) has an RSI value of 42.0862. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BROOKFIELD BUSINESS-CL A?
The MACD indicator for BROOKFIELD BUSINESS-CL A (BBUC) has a value of -0.176811, indicating a bearish trend.
Can you provide the support and resistance levels for BROOKFIELD BUSINESS-CL A?
BROOKFIELD BUSINESS-CL A (BBUC) has a support level at 31.84 and a resistance level at 32.11. Check the full technical report for our detailed analysis of BBUC support and resistance levels.