RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BAM
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Brookfield Asset Management Inc stock price ended at $42.02 on Thursday, after gaining 0.526%.
(Updated on Mar 28, 2024)

Buy candidate since Mar 20, 2024 Gain 0.62% PDF

The Brookfield Asset Management Inc stock price gained 0.526% on the last trading day (Thursday, 28th Mar 2024), rising from $41.80 to $42.02. During the last trading day the stock fluctuated 1.29% from a day low at $41.55 to a day high of $42.08. The price has fallen in 5 of the last 10 days but is still up by 2.04% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 761 thousand shares were bought and sold for approximately $31.99 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.21% during the next 3 months and, with a 90% probability hold a price between $44.62 and $47.60 at the end of this 3-month period.

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BAM Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Brookfield Asset Management Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $41.94 and $41.26. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, March 21, 2024 and based on theory for this formation the price should fall by -4.83% to $39.99 within 10 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Brookfield Asset Management Inc stock

Brookfield Asset Management Inc finds support from accumulated volume at $39.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.535 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: $40.36 (-3.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (BAM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Brookfield Asset Management Inc to open at $41.88, and during the day (based on 14 day Average True Range), to move between $41.16 and $42.88, which gives a possible trading interval of +/-$0.86 (+/-2.06%) up or down from last closing price. If Brookfield Asset Management Inc takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $42.06 (0.10%) than the support at $39.98 (4.85%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Brookfield Asset Management Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Brookfield Asset Management Inc stock to perform well in the short-term.

Current score: 3.158 Buy Candidate Unchanged

Predicted Opening Price for Brookfield Asset Management Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$41.88 ( 0.329%) $42.02

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BAM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 42.42 0.94 %
R2 42.21 0.458 %
R1 42.09 0.157 %
Current price: 42.02
Support S1 41.68 -0.82 %
S2 41.55 -1.12 %
S3 41.35 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 42.65 1.50 %
R2 42.19 0.405 %
R1 42.06 0.0952 %
Current price 42.02
Support S1 39.98 -4.85%
S2 39.79 -5.31%
S3 39.70 -5.52%

BAM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2024 Feb 28, 2024 Mar 28, 2024 $0.380 0.90%
2 Nov 29, 2023 Nov 29, 2023 Dec 29, 2023 $0.320 0.797%
3 Aug 09, 2023 Aug 30, 2023 Sep 29, 2023 $0.320 0.96%
4 May 10, 2023 May 30, 2023 Jun 30, 2023 $0.320 0.98%
5 Feb 08, 2023 Feb 27, 2023 Mar 31, 2023 $0.320 0.98%

FAQ

What is the symbol for Brookfield Asset Management Inc Stock and on which exchange is it traded?
The symbol for Brookfield Asset Management Inc is BAM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Brookfield Asset Management Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Brookfield Asset Management Inc stock to perform well in the short-term.

How to buy Brookfield Asset Management Inc Stock?
Brookfield Asset Management Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Brookfield Asset Management Inc Stock.

What's the current price of Brookfield Asset Management Inc Stock?
As of the end of day on the 2024-03-28, the price of an Brookfield Asset Management Inc (BAM) share was $42.02.

What is the 52-week high and low for Brookfield Asset Management Inc Stock?
The 52-week high for Brookfield Asset Management Inc Stock is $43.00 and the 52-week low is $28.35.

What is the market capitalization of Brookfield Asset Management Inc Stock?
As of the 2024-03-28, the market capitalization of Brookfield Asset Management Inc is 17.417B.

When is the next earnings date for Brookfield Asset Management Inc?
The upcoming earnings date for Brookfield Asset Management Inc is May 08, 2024.
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About Brookfield Asset Management Inc

Brookfield Asset Management Brookfield Asset Management 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 a... BAM Profile

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