BROOKFIELD CORP (BN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BN - CA11271J1075 - Common Stock
We assign a technical rating of 7 out of 10 to BN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BN is only an average performer.
BN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 47.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.54, a Stop Loss order could be placed below this zone.
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33.77
When analyzing the support we can see 3 important areas.
- A support zone ranging from 44.41 to 45.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.95 to 43.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.11 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.48 to 48.49. 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 | 74.99 | POSITIVE | BN has a high relative strength, it outperformed 74.99% 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) | 58.86 | NEUTRAL | The RSI value for BN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests BN has a positive trend. |
| Stochastics (14,3) | 76.73 | NEUTRAL | The Stochastics value for BN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for BN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.45 | NEGATIVE | The low ADX value for BN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 48.50 | 44.40 | 4.10 (8.45%) | 11.83% |
| An entry @48.50. This is a Buy Stop order right above the resistance zone. | An exit @44.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.10 points, which is 8.45%. | When investing 11.83% 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.
46.59
+0.55 (+1.19%)
BROOKFIELD CORP / BN FAQ
What is the ChartMill technical rating of BROOKFIELD CORP (BN) stock?
ChartMill assigns a technical rating of 7 / 10 to BN.
Can you provide the trend direction for BROOKFIELD CORP?
The current trend direction for BROOKFIELD CORP (BN) is Bullish.
Can you provide the RSI signal for BROOKFIELD CORP?
BROOKFIELD CORP (BN) has an RSI value of 58.8639. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BROOKFIELD CORP?
The short term momentum for BROOKFIELD CORP (BN) is positive.
What is the buy/sell signal for BROOKFIELD CORP (BN) stock?
The buy/sell signal for BROOKFIELD CORP (BN) is buy as both the short term and long term trends are positive.