BROOKFIELD CORP (BN) Stock Technical Analysis
NYSE:BN - New York Stock Exchange, Inc. - CA11271J1075 - Common Stock - Currency: USD
Taking everything into account, BN scores 8 out of 10 in our technical rating. In the last year, BN was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month BN has a been trading in the 63.52 - 68.60 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, BN did better than 83% of all other stocks. On top of that, BN also shows a nice and consistent pattern of rising prices.
BN is part of the Capital Markets industry. There are 237 other stocks in this industry. BN outperforms 77% 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 2376360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 64.04, a Stop Loss order could be placed below this zone.
More info and screens
48.65
68.82
When analyzing the support we can see 3 important areas.
- A support zone ranging from 62.87 to 64.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.80 from a trend line in the weekly time frame.
- Support @49.14 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 67.60 to 68.14. 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 | DOWN | NEGATIVE | The short term trend for BN is down. |
| ChartMill Relative Strength | 83.84 | POSITIVE | BN has a high relative strength, it outperformed 83.84% off all stocks 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) | 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) | 43.97 | NEUTRAL | The RSI value for BN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests BN has a negative trend. |
| Stochastics (14,3) | 13.42 | OVERSOLD | The low Stochastics value suggests BN may be oversold. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.94 | NEGATIVE | The low ADX value for BN suggests a weak or negative 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 |
|---|---|---|---|
| 65.05 | 63.51 | 1.54 (2.37%) | 25.00% |
| An entry @65.05. This is a Buy Stop order right above the 10 day moving average. | An exit @63.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.54 points, which is 2.37%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BN. Please evaluate whether better entry and exit points can be found.
- 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.
64.05
-0.42 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.65%
1 Week-3.29%
2 Weeks-5.1%
1 Month-5.5%
3 Month12.19%
6 Month8.82%
12 Month30.42%
2 Year87.77%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.35
ATR(20)%2.07%
ATR Inc-24.8%
Range Today1.16
ADR(20)1.24
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.84
Mansfield0.36
10 Day High68.01
10 Day Low63.52
20 Day High68.6
20 Day Low63.52
52 Week High68.75
52 Week Low43.61
CS1 End64.04
CR1 Start67.6
Volume & EV
DER(3)-2.77%
DER(5)-1.4%
Volume2.39M
Volume Incr-26.06%
Vol(5)2.13M
Vol(50)2.38M