BROOKFIELD INFRASTRUCTURE-A (BIPC) Stock Technical Analysis
NYSE:BIPC - New York Stock Exchange, Inc. - CA11276H1064 - Common Stock - Currency: USD
Overall BIPC gets a technical rating of 8 out of 10. BIPC has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
BIPC is one of the better performing stocks in the Gas Utilities industry, it outperforms 84% of 14 stocks in the same industry.
BIPC 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 BIPC is performing more or less in line with the market.
In the last month BIPC has a been trading in the 38.13 - 41.84 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, BIPC did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
BIPC has an excellent technical rating, but the quality of the setup is only medium 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
35.33
44.31
2 important support areas can be observed.
- A support zone ranging from 40.95 to 41.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @41.07 from a horizontal line in the daily time frame.
- Resistance @43.87 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for BIPC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIPC is up. |
| ChartMill Relative Strength | 85.45 | POSITIVE | BIPC has a high relative strength, it outperformed 85.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BIPC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BIPC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BIPC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.24 | NEUTRAL | The RSI value for BIPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BIPC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.06 | OVERBOUGHT | The high Stochastics value suggests BIPC may be overbought. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for BIPC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.64 | POSITIVE | The high ADX value value for BIPC 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)
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 |
|---|---|---|---|
| 41.08 | 40.94 | 0.14 (0.34%) | 25.00% |
| An entry @41.08. This is a Buy Stop order right above the resistance zone. | An exit @40.94. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.14 points, which is 0.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.09%. |
- The distance between exit and entry is rather small compared to the average daily movement of BIPC. 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.
41.04
-0.8 (-1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg-1.91%
1 Week0.84%
2 Weeks3.71%
1 Month5.47%
3 Month18.13%
6 Month1.01%
12 Month21.85%
2 Year-9.96%
3 Year-3.44%
5 Year35.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%2.07%
ATR Inc-24.49%
Range Today0.77
ADR(20)0.84
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.45
Mansfield-0.01
10 Day High41.84
10 Day Low39.05
20 Day High41.84
20 Day Low38.13
52 Week High45.29
52 Week Low32.08
CS1 End41.03
CR1 Start41.07
Volume & EV
DER(3)2.58%
DER(5)3.87%
Volume457.10K
Volume Incr-42.53%
Vol(5)493.80K
Vol(50)746.23K