BROOKFIELD REINSURANCE LTD (BNRE.CA) Stock Technical Analysis
TSX:BNRE - Toronto Stock Exchange - BMG162501057 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to BNRE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BNRE is showing a nice and steady performance.
Warning: BNRE has an average volume of 23135 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 90% of all other stocks. We also observe that the gains produced by BNRE over the past year are nicely spread over this period.
BNRE is one of the better performing stocks in the Insurance industry, it outperforms 100% of 80 stocks in the same industry.
BNRE is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month BNRE has a been trading in the 73.21 - 84.04 range, which is quite wide. It is currently trading near the high of this range.
BNRE has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.85
82.78
When analyzing the support we can see 5 important areas.
- A support zone ranging from 80.16 to 80.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 77.29 to 78.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 73.93 to 74.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.36 from a trend line in the weekly time frame.
- Support @40.25 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.45 to 81.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.43
Mansfield1.87
10 Day High84.04
10 Day Low77.65
20 Day High84.04
20 Day Low73.21
52 Week High84.04
52 Week Low45.93
Performance
1 Week1.66%
2 Weeks2.38%
1 Month9.65%
3 Month22.47%
6 Month32.94%
12 Month75.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.11
RSI(14)65.32
LBB77.48
UBB82.48
TSX:BNRE (11/22/2024, 7:00:00 PM)
81.44
+0.93 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.16%
1 Week1.66%
2 Weeks2.38%
1 Month9.65%
3 Month22.47%
6 Month32.94%
12 Month75.1%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.01
ATR(20)%2.5%
ATR Inc15.88%
Range Today2.23
ADR(20)1.86
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.43
Mansfield1.87
10 Day High84.04
10 Day Low77.65
20 Day High84.04
20 Day Low73.21
52 Week High84.04
52 Week Low45.93
CS1 End80.39
CR1 Start81.45
Volume & EV
DER(3)0.89%
DER(5)0.92%
Volume21.26K
Volume Incr-3.56%
Vol(5)22.34K
Vol(50)23.14K