BROOKFIELD REINSURANCE LTD (BNRE.CA) Stock Technical Analysis
TSX:BNRE - Toronto Stock Exchange - BMG162501057 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to BNRE. Both in the recent history as in the last year, BNRE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: BNRE has an average volume of 23135 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BNRE did better than 90% of all other stocks. On top of that, BNRE also shows a nice and consistent pattern of rising prices.
BNRE is one of the better performing stocks in the Insurance industry, it outperforms 100% of 79 stocks in the same industry.
BNRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so BNRE is leading the market.
In the last month BNRE has a been trading in the 73.21 - 84.04 range, which is quite wide. It is currently trading near the high of this range.
BNRE has an excellent technical rating, but the quality of the setup is only medium 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
39.85
82.78
We found 5 important support areas.
- A support zone ranging from 80.16 to 80.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.29 to 78.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 73.93 to 74.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.36 from a trend line in the weekly time frame.
- Support @40.25 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 81.45 to 81.96. 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 BNRE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNRE.CA is up. |
| ChartMill Relative Strength | 90.43 | POSITIVE | BNRE.CA has a high relative strength, it outperformed 90.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BNRE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNRE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNRE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.32 | NEUTRAL | The RSI value for BNRE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BNRE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.58 | NEUTRAL | The Stochastics value for BNRE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for BNRE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 46.25 | POSITIVE | The high ADX value value for BNRE.CA suggests a strong 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)
TSX:BNRE (11/22/2024, 7:00:00 PM)
81.44
+0.93 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.16%
1 Week1.66%
2 Weeks2.38%
1 Month9.65%
3 Month22.47%
6 Month32.94%
12 Month75.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.01
ATR(20)%2.5%
ATR Inc15.88%
Range Today2.23
ADR(20)1.86
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.43
Mansfield1.87
10 Day High84.04
10 Day Low77.65
20 Day High84.04
20 Day Low73.21
52 Week High84.04
52 Week Low45.93
CS1 End80.39
CR1 Start81.45
Volume & EV
DER(3)0.89%
DER(5)0.92%
Volume21.26K
Volume Incr-3.56%
Vol(5)22.34K
Vol(50)23.14K