BROOKFIELD BUSINESS PARTNERS L.P. - Daily - Technical analysis published on 12/31/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 39.27 USD
My targets
43.64 USD (+4.90%)
45.78 USD (+10.05%)
My analysis
The bullish trend is currently very strong on BROOKFIELD BUSINESS PARTNERS L.P.. As long as the price remains above the support at 39.27 USD, you could try to benefit from the boom. The first bullish objective is located at 43.64 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 45.78 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BROOKFIELD BUSINESS PARTNERS L.P. rating 41.60 USD. On the day, this instrument lost -1.52% and was between 41.56 USD and 42.36 USD. This implies that the price is at +0.10% from its lowest and at -1.79% from its highest.41.56
42.36
41.60
Here is a more detailed summary of the historical variations registered by BROOKFIELD BUSINESS PARTNERS L.P.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BROOKFIELD BUSINESS PARTNERS L.P. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 37.82 | 39.27 | 41.23 | 41.60 | 42.21 | 45.78 |
| Change (%) | -9.09% | -5.60% | -0.89% | - | +1.47% | +10.05% |
| Change | -3.78 | -2.33 | -0.37 | - | +0.61 | +4.18 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.35 | 41.72 | 41.98 | 42.35 | 42.61 | 42.98 | 43.24 |
| Camarilla | 42.07 | 42.12 | 42.18 | 42.24 | 42.30 | 42.36 | 42.41 |
| Woodie | 41.30 | 41.69 | 41.93 | 42.32 | 42.56 | 42.95 | 43.19 |
| Fibonacci | 41.72 | 41.96 | 42.11 | 42.35 | 42.59 | 42.74 | 42.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40.22 | 40.82 | 41.53 | 42.13 | 42.84 | 43.43 | 44.14 |
| Camarilla | 41.88 | 42.00 | 42.12 | 42.24 | 42.36 | 42.48 | 42.60 |
| Woodie | 40.28 | 40.85 | 41.59 | 42.15 | 42.89 | 43.46 | 44.20 |
| Fibonacci | 40.82 | 41.32 | 41.63 | 42.13 | 42.62 | 42.93 | 43.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.05 | 38.11 | 39.82 | 40.87 | 42.59 | 43.64 | 45.35 |
| Camarilla | 40.77 | 41.02 | 41.28 | 41.53 | 41.78 | 42.04 | 42.29 |
| Woodie | 37.38 | 38.27 | 40.15 | 41.04 | 42.91 | 43.80 | 45.68 |
| Fibonacci | 38.11 | 39.17 | 39.82 | 40.87 | 41.93 | 42.58 | 43.64 |
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): | 52.22 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 2.61 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 42.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 40.29 | |
| Elder Ray (13): | 0.23 | |
| Super Trend (3,10): | 40.37 | |
| Zig ZAG (10): | 41.60 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 80.85 | |
| TEMA (21): | 41.96 | |
| Williams %R (14): | -39.44 | |
| Chande Momentum Oscillator (20): | 0.92 | |
| Repulse (5,40,3): | -2.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.62 |
| MA7: | 42.00 | |
| MA20: | 41.53 | |
| MA50: | 40.83 | |
| MA100: | 38.71 | |
| MAexp7: | 41.91 | |
| MAexp20: | 41.57 | |
| MAexp50: | 40.75 | |
| MAexp100: | 39.65 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +1.89% | |
| Price / MA100: | +7.47% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +2.09% | |
| Price / MAexp100: | +4.92% |
News
Don"t forget to follow the news on BROOKFIELD BUSINESS PARTNERS L.P.. At the time of publication of this analysis, the latest news was as follows:
- Genworth Completes Sale of its Stake in Genworth MI Canada Inc. to Brookfield Business Partners
- Canadian Regulators Approve Sale of Genworth’s Stake in Genworth MI Canada Inc. to Brookfield Business Partners
- Canadian Regulators Approve Sale of Genworth's Stake in Genworth MI Canada Inc. to Brookfield Business Partners
- Brookfield Business Partners Reports 2019 Third Quarter Results
- Genworth Announces Update on Sale of Stake in Genworth MI Canada Inc. to Brookfield Business Partners
This member declared not having a position on this financial instrument or a related financial instrument.
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