Brookfield Business Partners Technical Analysis (NYSE:BBU)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Brookfield Business Partners stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the BBU stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Brookfield Business Partners. Technical analysis uses an approach for Brookfield Business Partners stock analysis that does not care for the fair value of a company but uses price and volume data only.
Brookfield Business Partners Moving Average
Moving averages help predict the price direction of BBU stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $39.18 is below the last closing price of $39.55 and the 50 day moving average of $39.1 is below the last closing price of $39.55. The 10 and 20 day periods can predict short term moving average trends.
Brookfield Business Partners Bollinger Bands
Bollinger bands comprise of a center line usually BBU SMA, and two BBU stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Brookfield Business Partners bollinger bands.
Brookfield Business Partners Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Brookfield Business Partners MACD line is above the signal line.
Brookfield Business Partners Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of BBU stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.