BROOKFIELD INFRASTRUCTURE PA (BIP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BIP - BMG162521014
Overall BIP gets a technical rating of 2 out of 10. In the last year, BIP was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The technical rating of BIP is bad and it also does not present a 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.
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26.68
When analyzing the support we can see 5 important areas.
- Support @32.98 from a trend line in the daily time frame.
- Support @32.22 from a trend line in the weekly time frame.
- A support zone ranging from 29.81 to 29.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.03 from a trend line in the weekly time frame.
- Support @26.95 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @33.84 from a horizontal line in the daily time frame.
- A resistance zone ranging from 34.40 to 34.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.78 to 36.42. 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 | NEUTRAL | NEUTRAL | The long term trend for BIP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BIP is down. |
| ChartMill Relative Strength | 44.7 | NEUTRAL | BIP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BIP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BIP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.89 | NEUTRAL | The RSI value for BIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests BIP has a negative trend. |
| Stochastics (14,3) | 26.54 | NEUTRAL | The Stochastics value for BIP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for BIP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.05 | NEGATIVE | The low ADX value for BIP suggests a weak or negative trend. |
33.64
+0.23 (+0.69%)
BROOKFIELD INFRASTRUCTURE PA / BIP FAQ
What is the technical rating for BIP stock?
ChartMill assigns a technical rating of 2 / 10 to BIP.
What is the current trend direction of BROOKFIELD INFRASTRUCTURE PA (BIP) stock?
The current trend direction for BROOKFIELD INFRASTRUCTURE PA (BIP) is Bearish.
What is the RSI signal for BROOKFIELD INFRASTRUCTURE PA (BIP) stock?
BROOKFIELD INFRASTRUCTURE PA (BIP) has an RSI value of 36.8929. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BROOKFIELD INFRASTRUCTURE PA?
The MACD indicator for BROOKFIELD INFRASTRUCTURE PA (BIP) has a value of -0.128989, indicating a bearish trend.
What is the support and resistance level for BIP stock?
BROOKFIELD INFRASTRUCTURE PA (BIP) has a support level at 32.98 and a resistance level at 33.84. Check the full technical report for our detailed analysis of BIP support and resistance levels.