BROOKFIELD REINSURANCE LTD (BNRE.CA) Stock Technical Analysis
Canada - TSX:BNRE - BMG162501057 - Common Stock
Taking everything into account, BNRE scores 10 out of 10 in our technical rating. 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.
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.
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39.85
When analyzing the support we can see 5 important 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. |
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.
Can you provide the trend direction for BROOKFIELD REINSURANCE LTD?
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.
Can you provide the buy/sell signal for BROOKFIELD REINSURANCE LTD?
The buy/sell signal for BROOKFIELD REINSURANCE LTD (BNRE.CA) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for BROOKFIELD REINSURANCE LTD?
BROOKFIELD REINSURANCE LTD (BNRE.CA) has a support level at 80.39 and a resistance level at 81.45. Check the full technical report for our detailed analysis of BNRE.CA support and resistance levels.