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Technical Analysis for BN - Brookfield Corporation

Grade Last Price % Change Price Change
A 60.780 -0.38% -0.230
BN closed down 0.38 percent on Thursday, May 16, 2024, on 1.4 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -0.38%
New Uptrend Bullish -0.38%
New 52 Week High Strength -0.38%
Gapped Up Strength -0.38%
Overbought Stochastic Strength -0.38%
New 52 Week Closing High Bullish -0.23%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 10 hours ago
Possible NR7 about 10 hours ago
Rose Above Previous Day's High 1 day ago
New 52 Week High 1 day ago
Up 1% 1 day ago

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Profile

Brookfield Corporation Description

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Within private equity and venture capital, it focuses on acquisition, early ventures, control buyouts and financially distressed, buyouts and corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. It invests in both public debt and equity markets. It invests in private equity sectors with focus on Business Services include infrastructure, healthcare, road fuel distribution and marketing, construction and real estate; Industrials include manufacturers of automotive batteries, graphite electrodes, returnable plastic packaging, and sanitation management and development; and Residential/ infrastructure services. It targets companies which likely possess underlying real assets, primarily in sectors such as industrial products, building materials, metals, mining, homebuilding, oil and gas, paper and packaging, manufacturing and forest product sectors. It invests globally with focus on North America including Brazil, the United States, Canada; Europe; and Australia; and Asia-Pacific. The firm considers equity investments in the range of $2 million to $500 million. It has a four-year investment period and a 10-year term with two one-year extensions. The firm prefers to take minority stake and majority stake. Brookfield Corporation was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East and Asia.


Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Mining Oil And Gas Real Estate Manufacturing Marketing Infrastructure Healthcare Private Equity Venture Capital Alternative Investment Industrial Products

Is BN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 61.6
52 Week Low 40.07
Average Volume 1,665,455
200-Day Moving Average 50.371
50-Day Moving Average 56.405
20-Day Moving Average 57.819
10-Day Moving Average 60.226
Average True Range 1.052
RSI (14) 70.93
ADX 27.45
+DI 31.461
-DI 12.291
Chandelier Exit (Long, 3 ATRs) 58.443
Chandelier Exit (Short, 3 ATRs) 55.927
Upper Bollinger Bands 62.925
Lower Bollinger Band 52.712
Percent B (%b) 0.79
BandWidth 17.665
MACD Line 1.563
MACD Signal Line 1.239
MACD Histogram 0.3238
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 61.485
Resistance 3 (R3) 61.530 61.340 61.368
Resistance 2 (R2) 61.340 61.160 61.318 61.328
Resistance 1 (R1) 61.060 61.050 60.965 61.015 61.289
Pivot Point 60.870 60.870 60.823 60.848 60.870
Support 1 (S1) 60.590 60.690 60.495 60.545 60.271
Support 2 (S2) 60.400 60.580 60.378 60.232
Support 3 (S3) 60.120 60.400 60.193
Support 4 (S4) 60.075