BROOKFIELD BUSINESS CORP-A (BBUC) Technical Analysis
NYSE:BBUC • CA11259V1067
Current stock price
BBUC Technical Rating and Analysis
Taking everything into account, BBUC scores 2 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.
- BBUC is part of the Industrial Conglomerates industry. There are 6 other stocks in this industry. BBUC outperforms 80% of them.
- BBUC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, BBUC turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- BBUC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BBUC is lagging the market.
BBUC Weekly and Daily overview Charts
BBUC Setup Rating and Analysis
BBUC has a bad 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 very little resistance above the current price. There is a support zone below the current price at 33.96, 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
BBUC Support and Resistance Analysis
27.72
We found 4 important support areas.
- A support zone ranging from 33.22 to 33.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.53 from a trend line in the weekly time frame.
- A support zone ranging from 29.72 to 29.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.00 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @34.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 35.08 to 35.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 36.70 to 36.90. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @37.65 from a horizontal line in the daily time frame.
BBUC Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for BBUC is neutral. |
| ChartMill Relative Strength | 60.59 | NEUTRAL | BBUC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BBUC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BBUC is above 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) | 55.94 | NEUTRAL | The RSI value for BBUC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BBUC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.46 | NEUTRAL | The Stochastics value for BBUC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for BBUC suggests some volalility. |
| Average Directional Index/ADX (14) | 10.85 | NEGATIVE | The low ADX value for BBUC suggests a weak or negative trend. |
BBUC Chart- and CandleStick Pattern Analysis
BBUC Technicals: Chart, Performance Metrics, Trend & Indicators
34.26
+0.16 (+0.47%)
BROOKFIELD BUSINESS CORP-A / BBUC TA FAQ
What is the ChartMill technical rating of BROOKFIELD BUSINESS CORP-A (BBUC) stock?
ChartMill assigns a technical rating of 2 / 10 to BBUC.
What is the trend direction for BBUC stock?
The current trend direction for BROOKFIELD BUSINESS CORP-A (BBUC) is Bearish.
What is the RSI signal for BBUC stock?
BROOKFIELD BUSINESS CORP-A (BBUC) has an RSI value of 55.9402. This indicates that the stock is currently neutral.
What is the MACD signal for BBUC stock?
The MACD indicator for BROOKFIELD BUSINESS CORP-A (BBUC) has a value of -0.00964663, indicating a bearish trend.
What is the short term momentum for BROOKFIELD BUSINESS CORP-A (BBUC) stock?
The short term momentum for BROOKFIELD BUSINESS CORP-A (BBUC) is neutral.