BROOKFIELD INFRASTRUCTURE PA (BIP) Stock Technical Analysis
USA - NYSE:BIP - BMG162521014
34.17 USD
+0.76 (+2.27%)
33.8 USD
-0.37 (-1.08%)
Taking everything into account, BIP scores 6 out of 10 in our technical rating. BIP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
68% of all other stocks performed better in the past year than BIP.
BIP is one of the lesser performing stocks in the Multi-Utilities industry. 66% of 25 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BIP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BIP is lagging the market slightly.
In the last month BIP has a been trading in the 30.46 - 34.32 range, which is quite wide. It is currently trading near the high of this range.
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
26.68
34.51
When analyzing the support we can see 5 important areas.
- A support zone ranging from 32.54 to 32.74. 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 30.61 to 31.15. This zone is formed by a combination of multiple trend lines and important moving averages 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 @28.54 from a trend line in the weekly time frame.
- Support @26.95 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for BIP is up. |
| ChartMill Relative Strength | 32.96 | NEUTRAL | BIP is not amongst the best or worst performers 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) | 74.03 | OVERBOUGHT | The high RSI value suggests BIP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests BIP has a positive trend. |
| Stochastics (14,3) | 94.14 | OVERBOUGHT | The high Stochastics value suggests BIP may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for BIP suggests low volalility. |
| Average Directional Index/ADX (14) | 30.12 | POSITIVE | The high ADX value value for BIP 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)
34.17
+0.76 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryMulti-Utilities
Performance
% Chg2.27%
1 Week3.17%
2 Weeks10.55%
1 Month12%
3 Month0.29%
6 Month23.67%
12 Month-1.44%
2 Year50.93%
3 Year-6.07%
5 Year19.48%
10 Year82.79%
15 Year263.51%
Volatility
ATR(14)0.7
ATR(20)%1.87%
ATR Inc28.79%
Range Today0.92
ADR(20)0.62
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.96
Mansfield-0.47
10 Day High34.32
10 Day Low30.72
20 Day High34.32
20 Day Low30.46
52 Week High36.5
52 Week Low25.72
CS1 End32.74
CR1 StartN/A
Volume & EV
DER(3)-3.11%
DER(5)-1.38%
Volume502.00K
Volume Incr-24.86%
Vol(5)480.06K
Vol(50)564.12K