BROOKFIELD RENEWABLE CORP (BEPC) Stock Technical Analysis
USA - NYSE:BEPC - CA11285B1085 - Common Stock
We assign a technical rating of 10 out of 10 to BEPC. Both in the recent history as in the last year, BEPC has proven to be a steady performer, scoring decent points in every aspect analyzed.
BEPC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 42.23, a Stop Loss order could be placed below this zone.
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27.44
When analyzing the support we can see 5 important areas.
- A support zone ranging from 41.91 to 42.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.02 to 37.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.86 from a horizontal line in the daily time frame.
- Support @32.83 from a horizontal line in the daily time frame.
- Support @27.72 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 42.46 to 42.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 44.44 to 44.44. 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 BEPC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BEPC is up. |
| ChartMill Relative Strength | 90.64 | POSITIVE | BEPC has a high relative strength, it outperformed 90.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BEPC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BEPC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BEPC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.2 | NEUTRAL | The RSI value for BEPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests BEPC has a negative trend. |
| Stochastics (14,3) | 40.36 | NEUTRAL | The Stochastics value for BEPC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC suggests some volalility. |
| Average Directional Index/ADX (14) | 28 | POSITIVE | The high ADX value value for BEPC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 42.99 | 41.90 | 1.09 (2.54%) | 25.00% |
| An entry @42.99. This is a Buy Stop order right above the resistance zone. | An exit @41.90. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.09 points, which is 2.54%. | For a 0.63% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BEPC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
42.45
-0.14 (-0.33%)
BROOKFIELD RENEWABLE CORP / BEPC FAQ
What is the technical rating for BEPC stock?
ChartMill assigns a technical rating of 10 / 10 to BEPC.
What is the trend direction for BEPC stock?
The current trend direction for BROOKFIELD RENEWABLE CORP (BEPC) is Bullish.
Can you provide the RSI signal for BROOKFIELD RENEWABLE CORP?
BROOKFIELD RENEWABLE CORP (BEPC) has an RSI value of 56.1982. This indicates that the stock is currently neutral.
What is the MACD signal for BEPC stock?
The MACD indicator for BROOKFIELD RENEWABLE CORP (BEPC) has a value of -0.359838, indicating a bearish trend.
Can you provide the buy/sell signal for BROOKFIELD RENEWABLE CORP?
The buy/sell signal for BROOKFIELD RENEWABLE CORP (BEPC) is buy as both the short term and long term trends are positive.