BROOKFIELD CORP (BN) Stock Technical Analysis
NYSE:BN • CA11271J1075
We assign a technical rating of 3 out of 10 to BN. In the last year, BN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- BN is part of the Capital Markets industry. There are 238 other stocks in this industry. BN outperforms 78% of them.
- BN 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 BN is lagging the market slightly.
- BN has an average volume of 4728280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, BN outperforms 61% of them, which is more or less in line with the market.
- In the last month BN has a been trading in the 43.99 - 48.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 45.43, a Stop Loss order could be placed below this zone.
More info and screens
34.92
4 important support areas can be observed.
- Support @45.43 from a horizontal line in the daily time frame.
- A support zone ranging from 44.52 to 44.55. This zone is formed by a combination of multiple trend lines 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 @35.27 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.26 to 49.18. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for BN is neutral. |
| ChartMill Relative Strength | 61.59 | NEUTRAL | BN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BN is below a declining 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) | 46.52 | NEUTRAL | The RSI value for BN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.1 | NEUTRAL | The Stochastics value for BN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for BN suggests some volalility. |
| Average Directional Index/ADX (14) | 12.67 | NEGATIVE | The low ADX value for BN suggests a weak or negative trend. |
45.98
-0.2 (-0.43%)
BROOKFIELD CORP / BN FAQ
What is the ChartMill technical rating of BROOKFIELD CORP (BN) stock?
ChartMill assigns a technical rating of 3 / 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 46.5234. 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 0.00381399, indicating a bearish trend.
Can you provide the support and resistance levels for BROOKFIELD CORP?
BROOKFIELD CORP (BN) has a support level at 45.43 and a resistance level at 46.26. Check the full technical report for our detailed analysis of BN support and resistance levels.