BROOKFIELD RENEWABLE CORP (BEPC) Stock Technical Analysis
NYSE:BEPC - CA11285B1085 - Common Stock
34.17 USD
+0.16 (+0.47%)
35.08 USD
+0.91 (+2.66%)
We assign a technical rating of 6 out of 10 to BEPC. In the last year, BEPC was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
When comparing the yearly performance of all stocks, we notice that BEPC is one of the better performing stocks in the market, outperforming 78% of all stocks.
BEPC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BEPC is lagging the market slightly.
BEPC is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 44% of 19 stocks in the same industry.
In the last month BEPC has a been trading in the 32.76 - 37.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, BEPC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.06, a Stop Loss order could be placed below this zone.
More info and screens
26.67
37.33
3 important support areas can be observed.
- A support zone ranging from 32.83 to 34.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.22 from a horizontal line in the daily time frame.
- Support @26.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.46 to 36.96. 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 | NEUTRAL | NEUTRAL | The short term trend for BEPC is neutral. |
| ChartMill Relative Strength | 78.6 | POSITIVE | BEPC has a high relative strength, it outperformed 78.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BEPC is above a declining 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) | 51.42 | NEUTRAL | The RSI value for BEPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests BEPC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.26 | NEUTRAL | The Stochastics value for BEPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.24 | NEUTRAL | The ADX value for BEPC suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 34.43 | 32.82 | 1.61 (4.68%) | 21.39% |
| An entry @34.43. This is a Buy Stop order right above the 10 day high. | An exit @32.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.61 points, which is 4.68%. | When investing 21.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
34.17
+0.16 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.47%
1 Week2.21%
2 Weeks1.15%
1 Month-6.64%
3 Month16.26%
6 Month22.69%
12 Month19.94%
2 Year22.25%
3 Year-10.99%
5 Year0.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%2.4%
ATR Inc-33.53%
Range Today0.37
ADR(20)0.78
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
CRS78.6
Mansfield0.36
10 Day High34.42
10 Day Low32.76
20 Day High37
20 Day Low32.76
52 Week High37
52 Week Low23.73
CS1 End34.06
CR1 Start36.46
Volume & EV
DER(3)-0.34%
DER(5)0.44%
Volume555.90K
Volume Incr-30.85%
Vol(5)567.00K
Vol(50)868.90K