BROOKFIELD INFRASTRUCTUR - BIP 6.642 PERP (BIP-PR-E.CA) Stock Technical Analysis
TSX:BIP-PR-E - Toronto Stock Exchange - BMG162522004 - Currency: CAD
Taking everything into account, BIP-PR-E scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BIP-PR-E is only an average performer.
Warning: BIP-PR-E has an average volume of 4033 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
BIP-PR-E 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 BIP-PR-E is performing more or less in line with the market.
BIP-PR-E 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the performance of all stocks over the past year, BIP-PR-E turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
BIP-PR-E is part of the Multi-Utilities industry. There are 22 other stocks in this industry, BIP-PR-E did better than 66% of them.
Besides having an excellent technical rating, BIP-PR-E also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.48. Right above this resistance zone may be a good entry point.
More info and screens
21.91
25.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.53 to 23.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.88 to 22.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 22.50 to 22.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.13 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.48 to 24.85. 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 BIP-PR-E.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIP-PR-E.CA is up. |
| ChartMill Relative Strength | 62.82 | NEUTRAL | BIP-PR-E.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIP-PR-E.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIP-PR-E.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIP-PR-E.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.5 | NEUTRAL | The RSI value for BIP-PR-E.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BIP-PR-E.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.44 | NEUTRAL | The Stochastics value for BIP-PR-E.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for BIP-PR-E.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 38.64 | POSITIVE | The high ADX value value for BIP-PR-E.CA 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 |
|---|---|---|---|
| 24.54 | 23.99 | 0.55 (2.24%) | 25.00% |
| An entry @24.54. This is a Buy Stop order right above the 10 day high. | An exit @23.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.55 points, which is 2.24%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
BROOKFIELD INFRASTRUCTUR - BIP 6.642 PERP
TSX:BIP-PR-E (5/23/2025, 7:00:00 PM)
24.43
+0.07 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg0.29%
1 Week-0.12%
2 Weeks1.16%
1 Month7.95%
3 Month-0.33%
6 Month3.52%
12 Month10.29%
2 Year18.02%
3 Year1.88%
5 Year25.99%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.84%
ATR Inc-68.44%
Range Today0.02
ADR(20)0.11
ADR(20)%0.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.82
Mansfield0.19
10 Day High24.53
10 Day Low24
20 Day High24.53
20 Day Low22.57
52 Week High24.87
52 Week Low20.66
CS1 End23.98
CR1 Start24.48
Volume & EV
DER(3)0%
DER(5)0%
Volume2.70K
Volume Incr-51.51%
Vol(5)2.23K
Vol(50)4.03K