BROOKFIELD INFRASTRUCTURE PA (BIP) Stock Technical Analysis
USA - NYSE:BIP - BMG162521014
Overall BIP gets a technical rating of 6 out of 10. In the last year, BIP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, BIP does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
26.68
We found 5 important support areas.
- Support @34.07 from a horizontal line in the weekly time frame.
- A support zone ranging from 31.07 to 31.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 29.80 to 29.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.68 from a trend line in the weekly time frame.
- Support @26.95 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.27 to 34.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for BIP is neutral. |
| ChartMill Relative Strength | 52.72 | 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) | 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) | 54.78 | NEUTRAL | The RSI value for BIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests BIP has a negative trend. |
| Stochastics (14,3) | 27.79 | NEUTRAL | The Stochastics value for BIP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for BIP suggests low volalility. |
| Average Directional Index/ADX (14) | 21.16 | 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 |
|---|---|---|---|
| 34.41 | 34.06 | 0.35 (1.02%) | 25.00% |
| An entry @34.41. This is a Buy Stop order right above the resistance zone. | An exit @34.06. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 1.02%. | For a 0.25% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BIP. Please evaluate whether better entry and exit points can be found.
- 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.
34.17
+0.15 (+0.44%)
BROOKFIELD INFRASTRUCTURE PA / BIP FAQ
What is the technical rating for BIP stock?
ChartMill assigns a technical rating of 6 / 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 54.7834. 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 -0.154015, 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 34.07 and a resistance level at 34.27. Check the full technical report for our detailed analysis of BIP support and resistance levels.