BROOKFIELD REINSURANCE LTD (BNRE.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:BNRE • BMG162501057
We assign a technical rating of 10 out of 10 to BNRE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BNRE is showing a nice and steady performance.
- 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.
- When comparing the yearly performance of all stocks, we notice that BNRE is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by BNRE over the past year are nicely spread over this period.
- BNRE is part of the Insurance industry. There are 78 other stocks in this industry. BNRE outperforms 100% of them.
- BNRE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with 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.
Although BNRE has an excellent technical rating, the quality of the presented setup is not ideal 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
5 important support areas can be observed.
- 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. |
TSX:BNRE (11/22/2024, 7:00:00 PM)
81.44
+0.93 (+1.16%)
BROOKFIELD REINSURANCE LTD / BNRE.CA FAQ
What is the technical rating for BNRE stock?
ChartMill assigns a technical rating of 10 / 10 to BNRE.CA.
What is the current trend direction of BROOKFIELD REINSURANCE LTD (BNRE.CA) stock?
The current trend direction for BROOKFIELD REINSURANCE LTD (BNRE.CA) is Bullish.
Can you provide the RSI signal for BROOKFIELD REINSURANCE LTD?
BROOKFIELD REINSURANCE LTD (BNRE.CA) has an RSI value of 65.3181. This indicates that the stock is currently neutral.
What is the MACD signal for BNRE stock?
The MACD indicator for BROOKFIELD REINSURANCE LTD (BNRE.CA) has a value of -0.113495, indicating a bearish trend.
What is the buy/sell signal for BROOKFIELD REINSURANCE LTD (BNRE.CA) stock?
The buy/sell signal for BROOKFIELD REINSURANCE LTD (BNRE.CA) is buy as both the short term and long term trends are positive.