BROOKFIELD RENEWABLE CORP (BEPC) Technical Analysis
NYSE:BEPC • CA11285B1085
Overall BEPC gets a technical rating of 7 out of 10. BEPC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month BEPC has a been trading in the 39.80 - 45.18 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, BEPC did better than 83% of all other stocks. On top of that, BEPC also shows a nice and consistent pattern of rising prices.
- 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.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- BEPC is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, BEPC did better than 52% of them.
BEPC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.40
3 important support areas can be observed.
- Support @38.00 from a horizontal line in the weekly time frame.
- Support @37.22 from a horizontal line in the daily time frame.
- Support @28.69 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 40.23 to 40.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.43 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 | DOWN | NEGATIVE | The short term trend for BEPC is down. |
| ChartMill Relative Strength | 83.41 | POSITIVE | BEPC has a high relative strength, it outperformed 83.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BEPC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BEPC is below 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) | 40.01 | NEUTRAL | The RSI value for BEPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests BEPC has a negative trend. |
| Stochastics (14,3) | 13.74 | OVERSOLD | The low Stochastics value suggests BEPC may be oversold. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.18 | NEUTRAL | The ADX value for BEPC suggests a possible start of a new trend. |
BEPC Technicals: Chart, Performance Metrics, Trend & Indicators
40.19
-0.69 (-1.69%)
BROOKFIELD RENEWABLE CORP / BEPC FAQ
Can you provide the ChartMill technical rating for BROOKFIELD RENEWABLE CORP?
ChartMill assigns a technical rating of 7 / 10 to BEPC.
Can you provide the trend direction for BROOKFIELD RENEWABLE CORP?
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 40.0056. This indicates that the stock is currently neutral.
What is the short term momentum for BROOKFIELD RENEWABLE CORP (BEPC) stock?
The short term momentum for BROOKFIELD RENEWABLE CORP (BEPC) is negative.
Can you provide the buy/sell signal for BROOKFIELD RENEWABLE CORP?
The buy/sell signal for BROOKFIELD RENEWABLE CORP (BEPC) is hold as the short term and long term trends are mixed.