BROOKFIELD REINSURANCE LTD (BNRE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BNRE - BMG162501057 - Common Stock
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.
Although BNRE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
28.90
When analyzing the support we can see 6 important areas.
- Support @45.01 from a trend line in the daily time frame.
- Support @44.26 from a trend line in the weekly time frame.
- A support zone ranging from 42.64 to 43.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.17 to 40.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.07 from a horizontal line in the daily time frame.
- Support @29.19 from a horizontal line in the weekly time frame.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BNRE is up. |
| ChartMill Relative Strength | 85.98 | POSITIVE | BNRE has a high relative strength, it outperformed 85.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BNRE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BNRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BNRE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.57 | NEUTRAL | The RSI value for BNRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests BNRE has a negative trend. |
| Stochastics (14,3) | 32.87 | NEUTRAL | The Stochastics value for BNRE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BNRE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.23 | NEUTRAL | The ADX value for BNRE suggests a possible start of a new trend. |
NYSE:BNRE (9/5/2024, 8:12:56 PM)
47.12
-0.38 (-0.8%)
BROOKFIELD REINSURANCE LTD / BNRE FAQ
What is the technical rating for BNRE stock?
ChartMill assigns a technical rating of 10 / 10 to BNRE.
What is the current trend direction of BROOKFIELD REINSURANCE LTD (BNRE) stock?
The current trend direction for BROOKFIELD REINSURANCE LTD (BNRE) is Bullish.
Can you provide the RSI signal for BROOKFIELD REINSURANCE LTD?
BROOKFIELD REINSURANCE LTD (BNRE) has an RSI value of 49.573. This indicates that the stock is currently neutral.
What is the MACD signal for BNRE stock?
The MACD indicator for BROOKFIELD REINSURANCE LTD (BNRE) has a value of -0.10999, indicating a bearish trend.
What is the buy/sell signal for BROOKFIELD REINSURANCE LTD (BNRE) stock?
The buy/sell signal for BROOKFIELD REINSURANCE LTD (BNRE) is buy as both the short term and long term trends are positive.