BROOKFIELD RENEWABLE CORP (BEPC) Stock Technical Analysis
USA - NYSE:BEPC - CA11285B1085 - Common Stock
34.18 USD
+0.42 (+1.24%)
34.35 USD
+0.17 (+0.5%)
We assign a technical rating of 5 out of 10 to BEPC. BEPC has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
BEPC is part of the Independent Power and Renewable Electricity Producers industry. There are 20 other stocks in this industry, of which 63% are performing better than BEPC.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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.
In the last month BEPC has a been trading in the 32.76 - 35.04 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, BEPC outperforms 49% of them, which is more or less in line with the market.
BEPC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.07, a Stop Loss order could be placed below this zone.
More info and screens
26.93
37.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.83 to 34.07. 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 @27.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.25 to 34.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 49.49 | NEUTRAL | BEPC is not amongst the best or worst performers 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 | 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) | 52.16 | NEUTRAL | The RSI value for BEPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests BEPC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.87 | NEUTRAL | The Stochastics value for BEPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BEPC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.55 | NEGATIVE | The low ADX value for BEPC suggests a weak or negative 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)
34.18
+0.42 (+1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg1.24%
1 Week-0.87%
2 Weeks3.23%
1 Month-0.12%
3 Month4.24%
6 Month22.25%
12 Month3.92%
2 Year42.77%
3 Year4.59%
5 Year-12.51%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.75
ATR(20)%2.16%
ATR Inc36.02%
Range Today0.86
ADR(20)0.68
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.49
Mansfield0.09
10 Day High35.04
10 Day Low33.45
20 Day High35.04
20 Day Low32.76
52 Week High37
52 Week Low23.73
CS1 End34.07
CR1 Start34.25
Volume & EV
DER(3)2.92%
DER(5)0.59%
Volume857.60K
Volume Incr17.33%
Vol(5)827.88K
Vol(50)799.84K