BROOKFIELD RENEWABLE CORP (BEPC) Stock Technical Analysis
NYSE:BEPC - New York Stock Exchange, Inc. - CA11285B1085 - Common Stock - Currency: USD
Taking everything into account, BEPC scores 8 out of 10 in our technical rating. 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.
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 is also trading in the upper part of its 52 week range, so BEPC is performing more or less in line with the market.
In the last month BEPC has a been trading in the 27.72 - 32.54 range, which is quite wide. It is currently trading near the high of this range.
BEPC has an average volume of 1036280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BEPC is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
BEPC is an average performer in the Independent Power and Renewable Electricity Producers industry, it outperforms 61% of 19 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BEPC has an excellent technical rating, it does not offer a high quality setup 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
24.35
33.68
We found 6 important support areas.
- Support @32.26 from a trend line in the daily time frame.
- A support zone ranging from 28.61 to 29.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.92 from a horizontal line in the daily time frame.
- Support @26.23 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.
- A resistance zone ranging from 32.37 to 32.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.35 from a horizontal line in the weekly 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 | 75.82 | POSITIVE | BEPC has a high relative strength, it outperformed 75.82% 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) | 66.3 | NEUTRAL | The RSI value for BEPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests BEPC has a positive trend. |
| Stochastics (14,3) | 90.21 | OVERBOUGHT | The high Stochastics value suggests BEPC may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.77 | 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)
32.29
+0.22 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.69%
1 Week9.05%
2 Weeks9.87%
1 Month8.5%
3 Month14.42%
6 Month8.54%
12 Month7.42%
2 Year2.44%
3 Year-9.32%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%2.73%
ATR Inc-51.9%
Range Today0.57
ADR(20)0.82
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.82
Mansfield0.69
10 Day High32.54
10 Day Low28.77
20 Day High32.54
20 Day Low27.72
52 Week High35.14
52 Week Low23.73
CS1 End32.26
CR1 Start32.37
Volume & EV
DER(3)6.27%
DER(5)5.07%
Volume762.30K
Volume Incr17.99%
Vol(5)1.09M
Vol(50)1.04M