BROOKFIELD RENEWABLE PARTNER (BEP) Technical Analysis
NYSE:BEP • BMG162581083
Current stock price
33.58 USD
+0.5 (+1.51%)
At close:
33.19 USD
-0.39 (-1.16%)
After Hours:
BEP Technical Rating and Analysis
Taking everything into account, BEP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BEP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that BEP is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by BEP over the past year are nicely spread over this period.
- BEP is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry. BEP outperforms 78% of them.
- A new 52 week high is currently being made by BEP, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so BEP is leading the market.
- In the last month BEP has a been trading in the 29.25 - 34.05 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BEP Weekly and Daily overview Charts
BEP Setup Rating and Analysis
Although BEP has an excellent technical rating, the quality of the presented setup is not ideal 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
BEP Support and Resistance Analysis
26.03
33.92
5 important support areas can be observed.
- A support zone ranging from 30.71 to 31.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.07 to 30.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.44 from a trend line in the weekly time frame.
- Support @28.48 from a trend line in the daily time frame.
- Support @26.29 from a horizontal line in the daily time frame.
BEP Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for BEP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BEP is up. |
| ChartMill Relative Strength | 87.13 | POSITIVE | BEP has a high relative strength, it outperformed 87.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BEP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BEP is above the rising 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) | 68.76 | NEUTRAL | The RSI value for BEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests BEP has a positive trend. |
| Stochastics (14,3) | 92.16 | OVERBOUGHT | The high Stochastics value suggests BEP may be overbought. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for BEP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.93 | NEGATIVE | The low ADX value for BEP suggests a weak or negative trend. |
BEP Chart- and CandleStick Pattern Analysis
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)
BEP Technicals: Chart, Performance Metrics, Trend & Indicators
33.58
+0.5 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.51%
1 Week6.87%
2 Weeks5.37%
1 Month10.9%
3 Month20.23%
6 Month26.62%
12 Month63.33%
2 Year59.83%
3 Year8.32%
5 Year-14.53%
10 Year73.69%
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%3.11%
ATR Inc30.6%
Range Today1.55
ADR(20)1.02
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.13
3 months CRS90.82
6 months CRS90.39
Mansfield2.17
10 Day High34.05
10 Day Low30.04
20 Day High34.05
20 Day Low29.25
52 Week High34.05
52 Week Low19.29
CS1 End31.88
CR1 StartN/A
Volume & EV
DER(3)0.25%
DER(5)0.45%
Volume730.30K
Volume Incr11.44%
Vol(5)989.88K
Vol(50)765.72K
BROOKFIELD RENEWABLE PARTNER / BEP TA FAQ
Can you provide the ChartMill technical rating for BROOKFIELD RENEWABLE PARTNER?
ChartMill assigns a technical rating of 10 / 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 Bullish.
Can you provide the RSI signal for BROOKFIELD RENEWABLE PARTNER?
BROOKFIELD RENEWABLE PARTNER (BEP) has an RSI value of 68.7551. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BROOKFIELD RENEWABLE PARTNER?
The MACD indicator for BROOKFIELD RENEWABLE PARTNER (BEP) has a value of 0.213392, indicating a bearish trend.
What is the short term momentum for BEP stock?
The short term momentum for BROOKFIELD RENEWABLE PARTNER (BEP) is positive.