BROOKFIELD ASSET MANAGEMENT

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BAM
ISIN:	CA1125851040

BROOKFIELD ASSET MANAGEMENT - Daily - Technical analysis published on 07/25/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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BROOKFIELD ASSET MANAGEMENT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

22%

My opinion

Bullish above 44.49 USD

My targets

49.60 USD (+3.35%)

51.96 USD (+8.27%)

My analysis

The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BROOKFIELD ASSET MANAGEMENT as long as the price remains well above 44.49 USD. The buyers' bullish objective is set at 49.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 51.96 USD. If there is any crossing, the next objective would be the resistance located at 55.09 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

3.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia.

Additional analysis

Quotes

BROOKFIELD ASSET MANAGEMENT rating 47.99 USD. The price is lower by -0.02% since the last closing with the lowest point at 47.75 USD and the highest point at 48.37 USD. The deviation from the price is +0.50% for the low point and -0.79% for the high point.

47.75

48.37

47.99

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BROOKFIELD ASSET MANAGEMENT:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BROOKFIELD ASSET MANAGEMENT chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	29.19	37.92	44.49	47.99	49.60	51.96	55.09
Change (%)	-39.17%	-20.98%	-7.29%	-	+3.35%	+8.27%	+14.79%
Change	-18.80	-10.07	-3.50	-	+1.61	+3.97	+7.10
Level	Intermediate	Minor	Major	-	Minor	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.42	46.96	47.48	48.02	48.54	49.08	49.60
Camarilla	47.71	47.81	47.90	48.00	48.10	48.19	48.29
Woodie	46.41	46.96	47.47	48.02	48.53	49.08	49.59
Fibonacci	46.96	47.37	47.62	48.02	48.43	48.68	49.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.07	43.48	45.74	47.15	49.41	50.82	53.08
Camarilla	46.99	47.33	47.66	48.00	48.34	48.67	49.01
Woodie	42.50	43.69	46.17	47.36	49.84	51.03	53.51
Fibonacci	43.48	44.88	45.75	47.15	48.55	49.42	50.82

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32.45	37.66	41.06	46.27	49.67	54.88	58.28
Camarilla	42.10	42.89	43.68	44.47	45.26	46.05	46.84
Woodie	31.56	37.21	40.17	45.82	48.78	54.43	57.39
Fibonacci	37.66	40.95	42.98	46.27	49.56	51.59	54.88

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.91
MACD (12,26,9):	0.3000
Directional Movement:	10.11
AROON (14):	42.86
DEMA (21):	46.20
Parabolic SAR (0,02-0,02-0,2):	43.32
Elder Ray (13):	1.69
Super Trend (3,10):	44.32
Zig ZAG (10):	47.97
VORTEX (21):	1.0600
Stochastique (14,3,5):	93.85
TEMA (21):	47.22
Williams %R (14):	-9.76
Chande Momentum Oscillator (20):	2.09
Repulse (5,40,3):	1.6800
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	8.21

MA7:	46.87
MA20:	45.53
MA50:	46.55
MA100:	50.06
MAexp7:	47.04
MAexp20:	46.12
MAexp50:	47.04
MAexp100:	49.18
Price / MA7:	+2.39%
Price / MA20:	+5.40%
Price / MA50:	+3.09%
Price / MA100:	-4.14%
Price / MAexp7:	+2.02%
Price / MAexp20:	+4.05%
Price / MAexp50:	+2.02%
Price / MAexp100:	-2.42%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on BROOKFIELD ASSET MANAGEMENT at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

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