BN.TO
Brookfield Corporation
$56.85
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
CFL constituent · entry card
| Buy zone (breakout retest) | — | — | no confirmed breakout, so no retest zone |
| Profit-Taking Zone | $58.79–60.47 | +3.4% to +6.4% | wk low 05-01, wk low ’25-08-08, 200-day SMA |
| Trading stop · daily close | below $55.16 | -3.0% | trading downgrade |
| Trend stop · Friday close | below $52.61 | -7.5% | trend downgrade one state |
| Breakout Buy Level | close above $58.76 | +3.4% | top of R1 (wk low 08-21, wk low 07-24) |
APPENDIX · BN.TO · TECHNICAL TRADING SCORECARD
Scores · Trend 13.3
| RS vs TSX (20) + sector (10) | 2.0 + 1.0 = 3.0 / 30 |
| Structure (6 checks) | 5 / 30 |
| Score = (RS + structure) × 100/60 | 13.3 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Down |
| Confirmation (2 consecutive Fridays) | confirmed Down |
| Trend (confirmed) | Down |
✖ Fri close above 40-wk SMA 0/6 · ✖ 40-wk SMA rising (4 wks) 0/4 · ✖ No lower high vs cycle high 0/5 · ✖ Fri close above 20-wk SMA 0/5 · ✔ Fri close above 200-wk (4-yr) SMA 5/5 · ✖ 4-mo SMA > 13-mo SMA (completed months, to Sep) 0/5
Weekly raw states: 09-25 Down → 10-02 Down → 10-09 Down → 10-16 Down → 10-23 Down → 10-30 Down. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 74.3
| RS (S&P 20 + sector 10) | 20.0 + 10.0 / 30 |
| Structure | 10 / 25 |
| Coppock (daily) — positive & rising | 25.0 / 25 |
| Band position | 9.3 / 20 |
| Raw | 74.3 (Early Up) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 74.3 Early Up |
| ✔ Close above 50-day SMA 5/5 · ✖ 50-day SMA rising (10 d) 0/3 · ✖ Close above 100-day SMA 0/4 · ✖ Close above 200-day SMA 0/5 · ✖ 200-day SMA rising (20 d) 0/3 · ✔ No daily lower high (last two swing highs) 5/5 |
Relative state (weekly RS vs 16-wk SMA + 2-wk slope; daily RS vs 15-d SMA + 3-d slope; Neutral ±0.25%; phase price = next Fri / next close, benchmark flat)
| Horizon · benchmark | State | RS vs SMA | RS chg | Phase-transition price (BN.TO close needed) |
|---|
| Trend · TSX | 5 Established Down (+) → | -1.14% | +7.64% | Est. Up ≥ 69.46 (+22.2%) · Early Up ≥ 55.24 · Est. Down < 54.94 |
| Trend · XFN.TO | 5 Established Down (+) → | -2.39% | +3.75% | Est. Up ≥ 65.38 (+15.0%) · Early Up ≥ 56.16 · Est. Down < 55.86 |
| Trading · TSX | 1 Established Up (+) → | +7.38% | +5.05% | Est. Up ≥ 53.22 (-6.4%) · Est. Down < 40.94 |
| Trading · XFN.TO | 1 Established Up (+) ↑ | +4.69% | +3.88% | Est. Up ≥ 54.52 (-4.1%) · Est. Down < 48.76 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 56.85)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 60.71–61.10 | +6.8% to +7.5% | wk low 05-22 60.71 · wk low ’25-12-19 61.10 |
| R2 | 58.79–60.47 | +3.4% to +6.4% | wk low 05-01 58.79 · wk low ’25-08-08 58.93 · 200-day SMA 59.07 · wk low ’25-09-05 59.08 · wk low 07-03 59.54 · wk low 02-06 60.04 · 50% 60.13 · wk low ’25-10-10 60.20 · wk high ’25-01-31 60.46 · wk low 06-05 60.47 |
| R1 | 57.06–58.76 | +0.4% to +3.4% | wk low 08-21 57.06 · wk low 07-24 57.59 · wk high ’25-02-21 58.11 · 61.8% 58.17 · wk high 2024-12-06 58.43 · wk low ’25-08-22 58.75 · 40-wk SMA 58.76 |
| S1 | 55.16–56.43 | -0.7% to -3.0% | wk high ’25-01-10 56.43 · wk high ’25-03-07 56.36 · wk high 2024-11-15 56.16 · wk low ’25-02-14 55.16 |
| S2 | 52.61–54.06 | -4.9% to -7.5% | wk high 09-25 54.06 · wk high 10-09 53.21 · wk high ’25-03-28 53.15 · wk low 2024-12-20 52.61 |
| S3 | 50.85–52.35 | -7.9% to -10.6% | wk high 2024-10-25 52.35 · wk low ’25-05-23 52.07 · wk low 03-20 52.04 · wk low ’25-06-06 51.83 · wk low ’25-01-17 51.70 · wk low 2024-11-22 51.67 · wk low 10-02 50.85 |
| ATH | 68.44 | +20.4% | all-time high; Profit-Taking fallback when no 2-tool band sits above the Breakout (extensions no longer used) |
Coppock, breadth and RS (reference only; not in the Trend score)
Stops & phase transitions
- Tier 1 (trading stop): daily close < 55.16 (-3.0%): trading downgrades one state, re-anchor to S2 52.61–54.06.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 52.61 (-7.5%): trend downgrades one state, re-anchor to S3 50.85–52.35.
- Trend vs TSX: Est. Up ≥ 69.46 (+22.2%) · above its 16-wk avg ≥ 55.24 · Est. Down < 54.94 (-3.4%) (next Friday, benchmark flat).
- Trading vs TSX: Est. Up ≥ 53.22 · Est. Down < 40.94.
Sluymer context
- Not named in the 15 reports reviewed (Aug 18 – Oct 13, 2026).
Notes & caveats
PAG Canadian Focus List holding, entry card (treated like the US Watchlist). Holdings: issuer file as of 2026-09-01 (RBC PAG "Canadian Equity Grid Fall 2026" (September 2026 – November 2026; canadian_grid_en.pdf; Focus List names and Alternatives by recommended position size), Gmail (sc.assistant80@gmail.com), "USFL and CFL equity grids" from stephen.k.chang@rbc.com, Oct 21, 2026 3:20 PM PT; Focus List weights from the Sep 1, 2026 Canadian Focus List Quarterly report (unchanged)); List weight 2.50%. Benchmarks: S&P/TSX Composite (20 pts) and XFN.TO (10 pts). Trading items and bands use the Tue, Nov 3, 2026 close; trend uses the Fri, Oct 30 week. Entry levels: Buy Zone = breakout retest zone (BUY names only: from the broken level down to the floor of the resistance band it came from, or level −2%, whichever is tighter; a weekly close below = failed breakout); Breakout Buy Level = top of R1; Trend Breakdown (invalidation) = S2 floor on a Friday close; Profit-Taking = next resistance band above the breakout. Verdict: AVOID = Trend Down (confirmed on two Fridays) or Friday close below a falling 40-wk SMA; BUY = a weekly close above a Breakout Buy Level fixed from the prior week's data with ≥2 tools within 3% (most recent such breakout in the last 4 weeks), every Friday close since and the latest close still at or above it, and Trend not Down; WAIT = otherwise. Buy Zone is reference only. Coppock = 10-bar WMA of ROC(14)+ROC(11), standard settings used as a placeholder because his are unpublished; DAS is omitted. Zone = sign + 3-yr percentile; direction = 2 bars. SMAs are simple; swings are 5-bar extremes; the channel is a 2-yr log regression ±2σ. The breadth proxy is the % of 500 current S&P 500 members with a rising weekly Coppock; it has survivorship bias, is a regime input only, and no other stock was scored. Weights are our choices (playbook §10); the state rule matched 86% / 83% of his sector states in-sample. Data: Yahoo Finance (unadjusted); weight from the Portfolio Dashboard (PIM 11/2 EOD, read-only).
