BROOKFIELD RENEWABLE PARTNER (BEP) Stock Technical Analysis
NYSE:BEP - New York Stock Exchange, Inc. - BMG162581083 - Currency: USD
Overall BEP gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BEP is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month BEP has a been trading in the 22.64 - 26.52 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that BEP is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BEP is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, BEP did better than 57% of them.
BEP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BEP is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BEP has an excellent technical rating, it does not present a decent entry opportunity 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
19.83
29.18
4 important support areas can be observed.
- A support zone ranging from 24.18 to 24.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.87 to 23.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.99 from a horizontal line in the weekly time frame.
- Support @20.03 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @26.23 from a trend line in the daily time frame.
- Resistance @26.83 from a horizontal line in the daily time frame.
- Resistance @27.46 from a trend line in the weekly time frame.
- A resistance zone ranging from 28.60 to 28.89. This zone is formed by a combination of multiple trend lines 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 | 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 | 72.78 | POSITIVE | BEP has a high relative strength, it outperformed 72.78% 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) | 67.3 | NEUTRAL | The RSI value for BEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests BEP has a positive trend. |
| Stochastics (14,3) | 87.01 | OVERBOUGHT | The high Stochastics value suggests BEP may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BEP suggests some volalility. |
| Average Directional Index/ADX (14) | 27.96 | POSITIVE | The high ADX value value for BEP suggests a strong trend. |
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)
26.19
+0.13 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.5%
1 Week9.31%
2 Weeks9.9%
1 Month8.58%
3 Month15.12%
6 Month10.09%
12 Month3.85%
2 Year-11.19%
3 Year-24.74%
5 Year-17.99%
10 Year32.36%
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%2.57%
ATR Inc-31.68%
Range Today0.41
ADR(20)0.62
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.78
Mansfield0.4
10 Day High26.52
10 Day Low23.52
20 Day High26.52
20 Day Low22.64
52 Week High29.56
52 Week Low19.29
CS1 End24.5
CR1 Start26.23
Volume & EV
DER(3)-1.16%
DER(5)-1.2%
Volume636.00K
Volume Incr116.51%
Vol(5)1.04M
Vol(50)618.92K