Technical Analysis for BN - Brookfield Corporation

Grade Last Price % Change Price Change
A 60.190 0.82% 0.490
BN closed up 2.38 percent on Monday, May 6, 2024, on 86 percent of normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 9
*** please verify all earnings dates ***
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.82%
New 52 Week High Strength 0.82%
Upper Bollinger Band Walk Strength 0.82%
Above Upper BB Strength 0.82%
Overbought Stochastic Strength 0.82%
Up 3 Days in a Row Strength 0.82%
Up 4 Days in a Row Strength 0.82%
Upper Bollinger Band Touch Strength 0.82%
New 52 Week Closing High Bullish 3.22%
NR7 Range Contraction 3.22%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 2 hours ago
Up 1% about 4 hours ago
Rose Above Previous Day's High about 6 hours ago
New 52 Week High about 6 hours 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 59.76
52 Week Low 40.07
Average Volume 1,683,038
200-Day Moving Average 49.809
50-Day Moving Average 55.663
20-Day Moving Average 55.203
10-Day Moving Average 56.422
Average True Range 1.192
RSI (14) 70.93
ADX 17.87
+DI 36.313
-DI 14.517
Chandelier Exit (Long, 3 ATRs) 56.183
Chandelier Exit (Short, 3 ATRs) 56.347
Upper Bollinger Bands 58.538
Lower Bollinger Band 51.867
Percent B (%b) 1.17
BandWidth 12.083
MACD Line 0.737
MACD Signal Line 0.196
MACD Histogram 0.5418
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 61.560
Resistance 3 (R3) 61.373 60.567 61.250
Resistance 2 (R2) 60.567 60.093 60.660 61.147
Resistance 1 (R1) 60.133 59.800 60.350 60.320 61.043
Pivot Point 59.327 59.327 59.435 59.420 59.327
Support 1 (S1) 58.893 58.853 59.110 59.080 58.357
Support 2 (S2) 58.087 58.560 58.180 58.253
Support 3 (S3) 57.653 58.087 58.150
Support 4 (S4) 57.840