BROOKFIELD INFRASTRUCTURE PA (BIP) Technical Analysis
NYSE:BIP • BMG162521014
Current stock price
BIP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to BIP. BIP was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month BIP has a been trading in the 35.03 - 40.32 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that BIP is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by BIP over the past year are nicely spread over this period.
- BIP is part of the Multi-Utilities industry. There are 26 other stocks in this industry. BIP outperforms 88% of them.
- BIP 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 is performing more or less in line with the market.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Volume is considerably higher in the last couple of days.
BIP Weekly and Daily overview Charts
BIP Setup Rating and Analysis
BIP has an average technical rating and it also 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
BIP Support and Resistance Analysis
26.68
When analyzing the support we can see 3 important areas.
- A support zone ranging from 35.23 to 35.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.37 to 33.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.95 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.82 to 37.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.09 from a horizontal line in the daily time frame.
BIP Technical Indicator Signal Analysis
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 | 81.12 | POSITIVE | BIP has a high relative strength, it outperformed 81.12% off all stocks 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) | UP | MIXED | The current price of BIP is below the rising 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) | 42.49 | NEUTRAL | The RSI value for BIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests BIP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.92 | OVERSOLD | The low Stochastics value suggests BIP may be oversold. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for BIP suggests some volalility. |
| Average Directional Index/ADX (14) | 28.62 | POSITIVE | The high ADX value value for BIP suggests a strong trend. |
BIP Chart- and CandleStick Pattern Analysis
BIP Technicals: Chart, Performance Metrics, Trend & Indicators
36.47
+0.06 (+0.16%)
BROOKFIELD INFRASTRUCTURE PA / BIP TA FAQ
What is the technical rating for BIP stock?
ChartMill assigns a technical rating of 6 / 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 42.4903. 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 -0.343204, indicating a bearish trend.
What is the support and resistance level for BIP stock?
BROOKFIELD INFRASTRUCTURE PA (BIP) has a support level at 35.46 and a resistance level at 36.82. Check the full technical report for our detailed analysis of BIP support and resistance levels.