BROOKFIELD RENEWABLE CORP (BEPC.CA) Stock Technical Analysis
TSX:BEPC - Toronto Stock Exchange - CA11285B1085 - Common Stock - Currency: CAD
Overall BEPC gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BEPC was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, BEPC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 40.01, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BEPC 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
35.04
We found 4 important support areas.
- A support zone ranging from 38.74 to 40.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.34 from a trend line in the weekly time frame.
- A support zone ranging from 36.42 to 36.66. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @35.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.62 to 42.34. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for BEPC.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BEPC.CA is up. |
| ChartMill Relative Strength | 33.08 | NEUTRAL | BEPC.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BEPC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BEPC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BEPC.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.3 | NEUTRAL | The RSI value for BEPC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests BEPC.CA has a positive trend. |
| Stochastics (14,3) | 61.79 | NEUTRAL | The Stochastics value for BEPC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.75 | NEGATIVE | The low ADX value for BEPC.CA suggests a weak or negative trend. |
TSX:BEPC (5/29/2025, 7:00:00 PM)
40.49
-0.15 (-0.37%)