BROOKFIELD BUSINESS-CL A (BBUC) Stock Technical Analysis
NYSE:BBUC - New York Stock Exchange, Inc. - CA11259V1067 - Common Stock - Currency: USD
Overall BBUC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BBUC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BBUC did better than 87% of all other stocks.
BBUC is part of the Industrial Conglomerates industry. There are 6 other stocks in this industry. BBUC outperforms 80% of them.
BBUC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BBUC has a been trading in the 29.26 - 32.47 range, which is quite wide. It is currently trading near the high of this range.
Although BBUC has an excellent technical rating, the quality of the presented setup is not ideal 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
32.68
4 important support areas can be observed.
- A support zone ranging from 30.95 to 31.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.82 to 28.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.92 from a trend line in the weekly time frame.
- Support @23.45 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 32.36 to 32.36. 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 | 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 | 87.22 | POSITIVE | BBUC has a high relative strength, it outperformed 87.22% 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) | 65.01 | NEUTRAL | The RSI value for BBUC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BBUC has a positive trend. |
| Stochastics (14,3) | 88.2 | OVERBOUGHT | The high Stochastics value suggests BBUC may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for BBUC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.16 | 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)
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 |
|---|---|---|---|
| 32.37 | 30.94 | 1.43 (4.42%) | 22.64% |
| An entry @32.37. This is a Buy Stop order right above the resistance zone. | An exit @30.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.43 points, which is 4.42%. | When investing 22.64% 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.
32.08
+0.07 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryIndustrial Conglomerates
Performance
% Chg0.22%
1 Week3.32%
2 Weeks7.65%
1 Month5.35%
3 Month27.5%
6 Month37.33%
12 Month38.57%
2 Year56.34%
3 Year40.39%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%2.46%
ATR Inc8.65%
Range Today1.09
ADR(20)0.76
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.22
Mansfield1.34
10 Day High32.3
10 Day Low29.26
20 Day High32.47
20 Day Low29.26
52 Week High32.47
52 Week Low19.84
CS1 End31.05
CR1 Start32.36
Volume & EV
DER(3)0.91%
DER(5)1.08%
Volume140.80K
Volume Incr-1.4%
Vol(5)109.00K
Vol(50)92.00K