BROOKFIELD BUSINESS-CL A (BBUC) Stock Technical Analysis
USA - NYSE:BBUC - CA11259V1067 - Common Stock
33.76 USD
-1.33 (-3.79%)
33.76 USD
0 (0%)
Taking everything into account, BBUC scores 8 out of 10 in our technical rating. In the last year, BBUC was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BBUC did better than 84% of all other stocks.
BBUC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BBUC is lagging the market slightly.
BBUC is an average performer in the Industrial Conglomerates industry, it outperforms 66% of 7 stocks in the same industry.
In the last month BBUC has a been trading in the 30.51 - 37.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
BBUC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 33.21, a Stop Loss order could be placed below this zone.
More info and screens
23.22
34.10
7 important support areas can be observed.
- A support zone ranging from 32.23 to 33.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.57 from a trend line in the weekly time frame.
- Support @29.50 from a trend line in the daily time frame.
- 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 @27.83 from a horizontal line in the daily time frame.
- Support @25.43 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 | NEUTRAL | NEUTRAL | The short term trend for BBUC is neutral. |
| ChartMill Relative Strength | 84.97 | POSITIVE | BBUC has a high relative strength, it outperformed 84.97% 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) | 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) | 47.96 | NEUTRAL | The RSI value for BBUC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BBUC has a negative trend. |
| Stochastics (14,3) | 64.51 | NEUTRAL | The Stochastics value for BBUC is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for BBUC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.15 | NEUTRAL | The ADX value for BBUC suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 35.40 | 32.22 | 3.18 (8.98%) | 11.13% |
| An entry @35.40. This is a Buy Stop order right above the 10 day high. | An exit @32.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.18 points, which is 8.98%. | When investing 11.13% 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.
33.76
-1.33 (-3.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg-3.79%
1 Week-0.88%
2 Weeks2.55%
1 Month-0.32%
3 Month13.29%
6 Month42.39%
12 Month34.02%
2 Year137.41%
3 Year31.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.44
ATR(20)%4%
ATR Inc-1.69%
Range Today2.08
ADR(20)1.23
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.97
Mansfield1.14
10 Day High35.39
10 Day Low31.98
20 Day High37.01
20 Day Low30.51
52 Week High37.01
52 Week Low21.52
CS1 End33.21
CR1 StartN/A
Volume & EV
DER(3)1.75%
DER(5)2.64%
Volume159.10K
Volume Incr35.54%
Vol(5)203.14K
Vol(50)126.88K