BROOKFIELD CORP (BN) Stock Technical Analysis
NYSE:BN - New York Stock Exchange, Inc. - CA11271J1075 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to BN. In the last year, BN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BN did better than 89% of all other stocks. We also observe that the gains produced by BN over the past year are nicely spread over this period.
BN is one of the better performing stocks in the Capital Markets industry, it outperforms 89% of 232 stocks in the same industry.
BN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BN is performing more or less in line with the market.
BN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
BN has an average volume of 2329560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 58.77, a Stop Loss order could be placed below this zone.
More info and screens
48.26
62.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 57.78 to 58.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.75 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @58.93 from a trend line in the daily time frame.
- A resistance zone ranging from 61.40 to 62.06. 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 | 89.19 | POSITIVE | BN has a high relative strength, it outperformed 89.19% 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) | 56.35 | NEUTRAL | The RSI value for BN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests BN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.73 | NEUTRAL | The Stochastics value for BN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for BN suggests low volalility. |
| Average Directional Index/ADX (14) | 10.5 | 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 |
|---|---|---|---|
| 58.94 | 57.77 | 1.17 (1.99%) | 25.00% |
| An entry @58.94. This is a Buy Stop order right above the resistance zone. | An exit @57.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.17 points, which is 1.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- 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.
58.91
-0.57 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.96%
1 Week-0.56%
2 Weeks1.36%
1 Month3.44%
3 Month9.8%
6 Month5.03%
12 Month45.21%
2 Year75.07%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.2
ATR(20)%1.99%
ATR Inc45.76%
Range Today1.38
ADR(20)1.06
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.19
Mansfield0.61
10 Day High59.99
10 Day Low57.15
20 Day High59.99
20 Day Low56.31
52 Week High62.78
52 Week Low40.59
CS1 End58.77
CR1 Start58.93
Volume & EV
DER(3)-1.21%
DER(5)-1.28%
Volume2.24M
Volume Incr-2.69%
Vol(5)1.75M
Vol(50)2.33M