BROOKFIELD RENEWABLE PARTNER (BEP) Stock Technical Analysis
NYSE:BEP - BMG162581083
25.38 USD
-0.51 (-1.97%)
25.1 USD
-0.28 (-1.1%)
Overall BEP gets a technical rating of 4 out of 10. BEP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
BEP is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 68% of 20 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month BEP has a been trading in the 24.13 - 27.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, BEP outperforms 50% of them, which is more or less in line with the market.
BEP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BEP is lagging the market.
Although the technical rating is only medium, BEP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 25.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BEP in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.78
27.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.32 to 25.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.13 to 27.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for BEP is neutral. |
| ChartMill Relative Strength | 50.76 | NEUTRAL | BEP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BEP is above 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) | DOWN | MIXED | The current price of BEP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.81 | NEUTRAL | The RSI value for BEP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests BEP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.01 | OVERBOUGHT | The high Stochastics value suggests BEP may be overbought. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for BEP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.92 | NEGATIVE | The low ADX value for BEP suggests a weak or negative 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)
25.38
-0.51 (-1.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.97%
1 Week-0.08%
2 Weeks3.21%
1 Month-1.74%
3 Month6.5%
6 Month12.75%
12 Month3.63%
2 Year-0.16%
3 Year-31.79%
5 Year-16.22%
10 Year34.52%
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%2.4%
ATR Inc23.07%
Range Today0.48
ADR(20)0.58
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.76
Mansfield-0.47
10 Day High25.99
10 Day Low24.62
20 Day High27
20 Day Low24.13
52 Week High29.56
52 Week Low19.29
CS1 End25.24
CR1 Start27.13
Volume & EV
DER(3)7.45%
DER(5)7.25%
Volume478.80K
Volume Incr-24.05%
Vol(5)366.22K
Vol(50)455.31K