BROOKFIELD RENEWABLE PARTNER (BEP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BEP - BMG162581083
We assign a technical rating of 1 out of 10 to BEP. BEP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
BEP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 26.88, a Stop Loss order could be placed below this zone.
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20.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 26.29 to 26.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.00 from a horizontal line in the daily time frame.
- Support @20.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.17 to 28.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for BEP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BEP is down. |
| ChartMill Relative Strength | 63.47 | NEUTRAL | BEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BEP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BEP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BEP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.7 | NEUTRAL | The RSI value for BEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BEP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.38 | NEUTRAL | The Stochastics value for BEP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BEP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for BEP suggests a weak or negative trend. |
26.93
+0.07 (+0.26%)
BROOKFIELD RENEWABLE PARTNER / BEP FAQ
Can you provide the ChartMill technical rating for BROOKFIELD RENEWABLE PARTNER?
ChartMill assigns a technical rating of 1 / 10 to BEP.
What is the current trend direction of BROOKFIELD RENEWABLE PARTNER (BEP) stock?
The current trend direction for BROOKFIELD RENEWABLE PARTNER (BEP) is Bearish.
What is the RSI signal for BEP stock?
BROOKFIELD RENEWABLE PARTNER (BEP) has an RSI value of 40.6983. This indicates that the stock is currently neutral.
What are the support and resistance levels for BROOKFIELD RENEWABLE PARTNER (BEP) stock?
BROOKFIELD RENEWABLE PARTNER (BEP) has a support level at 26.88 and a resistance level at 27.17. Check the full technical report for our detailed analysis of BEP support and resistance levels.