BROOKFIELD INFRASTRUCTURE PA (BIP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BIP - BMG162521014
Taking everything into account, BIP scores 8 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 is only an average performer.
Although BIP has an excellent technical rating, the quality of the presented setup is not ideal 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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We found 6 important support areas.
- A support zone ranging from 35.19 to 35.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 34.01 to 34.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.12 from a trend line in the daily time frame.
- Support @31.53 from a trend line in the weekly time frame.
- Support @28.82 from a trend line in the weekly time frame.
- Support @26.95 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.10 to 36.10. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIP is up. |
| ChartMill Relative Strength | 71.9 | POSITIVE | BIP has a high relative strength, it outperformed 71.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIP is above 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) | 67.82 | NEUTRAL | The RSI value for BIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BIP has a positive trend. |
| Stochastics (14,3) | 89.74 | OVERBOUGHT | The high Stochastics value suggests BIP may be overbought. |
| Average True Range in percent/ATR (20) | 1.73 | LOW VOLATILITY | The low ATR as a percentage value for BIP suggests low volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for BIP suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 36.11 | 35.18 | 0.93 (2.58%) | 25.00% |
| An entry @36.11. This is a Buy Stop order right above the resistance zone. | An exit @35.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.93 points, which is 2.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- 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.
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BROOKFIELD INFRASTRUCTURE PA / BIP FAQ
What is the technical rating for BIP stock?
ChartMill assigns a technical rating of 8 / 10 to BIP.
What is the trend direction for BIP stock?
The current trend direction for BROOKFIELD INFRASTRUCTURE PA (BIP) is Bullish.
What is the RSI signal for BROOKFIELD INFRASTRUCTURE PA (BIP) stock?
BROOKFIELD INFRASTRUCTURE PA (BIP) has an RSI value of 67.8162. This indicates that the stock is currently neutral.
What is the MACD signal for BIP stock?
The MACD indicator for BROOKFIELD INFRASTRUCTURE PA (BIP) has a value of 0.0246196, indicating a bearish trend.
Can you provide the support and resistance levels for BROOKFIELD INFRASTRUCTURE PA?
BROOKFIELD INFRASTRUCTURE PA (BIP) has a support level at 35.8 and a resistance level at 36.1. Check the full technical report for our detailed analysis of BIP support and resistance levels.