BROOKFIELD RENEWABLE CORP (BEPC) Stock Technical Analysis
NYSE:BEPC - New York Stock Exchange, Inc. - CA11285B1085 - Common Stock - Currency: USD
Overall BEPC gets a technical rating of 8 out of 10. Although BEPC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BEPC is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 66% of 19 stocks in the same industry do better.
Both the short term and long term trends are positive. This is a very positive sign.
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 currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Looking at the yearly performance, BEPC did better than 70% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, BEPC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
24.35
35.20
When analyzing the support we can see 6 important areas.
- Support @31.57 from a trend line in the daily time frame.
- A support zone ranging from 28.88 to 29.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.92 from a horizontal line in the daily time frame.
- Support @26.49 from a trend line in the weekly time frame.
- Support @25.35 from a horizontal line in the weekly time frame.
- Support @24.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @34.12 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 34.84 to 34.85. 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 | 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 | 70.3 | POSITIVE | BEPC has a high relative strength, it outperformed 70.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BEPC is above 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) | 55.71 | NEUTRAL | The RSI value for BEPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests BEPC has a negative trend. |
| Stochastics (14,3) | 66.14 | NEUTRAL | The Stochastics value for BEPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC suggests some volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for BEPC 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)
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 |
|---|---|---|---|
| 33.25 | 31.96 | 1.29 (3.89%) | 25.00% |
| An entry @33.25. This is a Buy Stop order right above the 10 day moving average. | An exit @31.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.29 points, which is 3.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- 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.
32.83
-0.51 (-1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.53%
1 Week-3.75%
2 Weeks0.64%
1 Month2.85%
3 Month24.45%
6 Month21.77%
12 Month5.26%
2 Year5.33%
3 Year-16.08%
5 Year9.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%2.22%
ATR Inc-1.54%
Range Today0.52
ADR(20)0.71
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.3
Mansfield0.4
10 Day High34.28
10 Day Low31.97
20 Day High34.28
20 Day Low31.19
52 Week High35.14
52 Week Low23.73
CS1 End31.57
CR1 Start34.12
Volume & EV
DER(3)-2.99%
DER(5)-0.51%
Volume634.50K
Volume Incr-18.74%
Vol(5)818.50K
Vol(50)947.28K