BROOKFIELD RENEWABLE CORP (BEPC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BEPC - CA11285B1085 - Common Stock
Taking everything into account, BEPC scores 5 out of 10 in our technical rating. In the last year, BEPC was one of the better performers, but we do observe some doubts in the very recent evolution.
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 38.66, a Stop Loss order could be placed below this zone.
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27.96
5 important support areas can be observed.
- A support zone ranging from 38.00 to 38.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @37.22 from a horizontal line in the daily time frame.
- Support @35.68 from a trend line in the daily time frame.
- Support @32.83 from a horizontal line in the daily time frame.
- Support @28.24 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.84 to 39.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 44.44 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 | DOWN | NEGATIVE | The short term trend for BEPC is down. |
| ChartMill Relative Strength | 85.33 | POSITIVE | BEPC has a high relative strength, it outperformed 85.33% 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) | DOWN | NEGATIVE | The current price of BEPC is below a declining 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) | 47.18 | NEUTRAL | The RSI value for BEPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BEPC has a positive trend. |
| Stochastics (14,3) | 18.37 | OVERSOLD | The low Stochastics value suggests BEPC may be oversold. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC suggests some volalility. |
| Average Directional Index/ADX (14) | 20.83 | NEUTRAL | The ADX value for BEPC suggests a possible start of a new trend. |
38.74
+0.73 (+1.92%)
BROOKFIELD RENEWABLE CORP / BEPC FAQ
Can you provide the ChartMill technical rating for BROOKFIELD RENEWABLE CORP?
ChartMill assigns a technical rating of 5 / 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 47.1841. 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.