BROOKFIELD REINSURANCE LTD (BNRE) Stock Technical Analysis
NYSE:BNRE - New York Stock Exchange, Inc. - BMG162501057 - Common Stock - Currency: USD
Taking everything into account, BNRE scores 10 out of 10 in our technical rating. 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 4304 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 85% 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 90% of 143 stocks in the same industry.
BNRE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BNRE is lagging the market slightly.
In the last month BNRE has a been trading in the 43.19 - 50.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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
47.59
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. |
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)
NYSE:BNRE (9/5/2024, 8:12:56 PM)
47.12
-0.38 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.8%
1 Week-4.69%
2 Weeks0.04%
1 Month8.82%
3 Month13.71%
6 Month13.02%
12 Month36.94%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%2.06%
ATR Inc27.39%
Range Today1.06
ADR(20)0.81
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.98
Mansfield0.38
10 Day High50.5
10 Day Low47.03
20 Day High50.5
20 Day Low43.19
52 Week High50.5
52 Week Low29
CS1 End45.01
CR1 StartN/A
Volume & EV
DER(3)-0.03%
DER(5)0.54%
Volume6.80K
Volume Incr53.69%
Vol(5)7.40K
Vol(50)4.30K