BROOKFIELD CORP (BN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BN - CA11271J1075 - Common Stock
Taking everything into account, BN scores 8 out of 10 in our technical rating. Although BN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although BN 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
34.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 45.43 to 46.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.46 from a trend line in the daily time frame.
- A support zone ranging from 42.95 to 43.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.88 to 49.18. 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 BN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BN is up. |
| ChartMill Relative Strength | 79.32 | POSITIVE | BN has a high relative strength, it outperformed 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.8 | NEUTRAL | The RSI value for BN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 54.92 | NEUTRAL | The Stochastics value for BN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for BN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.47 | NEGATIVE | The low ADX value for BN suggests a weak or negative trend. |
47.66
+0.42 (+0.89%)
BROOKFIELD CORP / BN FAQ
What is the ChartMill technical rating of BROOKFIELD CORP (BN) stock?
ChartMill assigns a technical rating of 8 / 10 to BN.
What is the trend direction for BN stock?
The current trend direction for BROOKFIELD CORP (BN) is Bullish.
What is the RSI signal for BROOKFIELD CORP (BN) stock?
BROOKFIELD CORP (BN) has an RSI value of 56.7992. This indicates that the stock is currently neutral.
What is the MACD signal for BROOKFIELD CORP (BN) stock?
The MACD indicator for BROOKFIELD CORP (BN) has a value of 0.133216, indicating a bearish trend.
Can you provide the support and resistance levels for BROOKFIELD CORP?
BROOKFIELD CORP (BN) has a support level at 46.42 and a resistance level at 47.88. Check the full technical report for our detailed analysis of BN support and resistance levels.