BROOKFIELD INFRASTRUCTURE-A (BIPC) Stock Technical Analysis
NYSE:BIPC • CA11276H1064
Taking everything into account, BIPC scores 7 out of 10 in our technical rating. Although BIPC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- BIPC 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 BIPC is lagging the market slightly.
- When compared to the yearly performance of all other stocks, BIPC outperforms 62% of them, which is more or less in line with the market.
- BIPC is an average performer in the Gas Utilities industry, it outperforms 57% of 15 stocks in the same industry.
- In the last month BIPC has a been trading in the 44.70 - 51.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BIPC has an excellent technical rating, it does not present a decent entry opportunity 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
38.19
3 important support areas can be observed.
- Support @45.07 from a trend line in the weekly time frame.
- A support zone ranging from 43.25 to 44.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.58 from a trend 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 | UP | POSITIVE | The long term trend for BIPC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BIPC is neutral. |
| ChartMill Relative Strength | 62.71 | NEUTRAL | BIPC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BIPC is below 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) | 49.6 | NEUTRAL | The RSI value for BIPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests BIPC has a negative trend. |
| Stochastics (14,3) | 20.9 | NEUTRAL | The Stochastics value for BIPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for BIPC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.55 | POSITIVE | The high ADX value value for BIPC suggests a strong trend. |
47.83
+0.76 (+1.61%)
BROOKFIELD INFRASTRUCTURE-A / BIPC FAQ
Can you provide the ChartMill technical rating for BROOKFIELD INFRASTRUCTURE-A?
ChartMill assigns a technical rating of 7 / 10 to BIPC.
Can you provide the trend direction for BROOKFIELD INFRASTRUCTURE-A?
The current trend direction for BROOKFIELD INFRASTRUCTURE-A (BIPC) is Bullish.
What is the RSI signal for BROOKFIELD INFRASTRUCTURE-A (BIPC) stock?
BROOKFIELD INFRASTRUCTURE-A (BIPC) has an RSI value of 49.6047. This indicates that the stock is currently neutral.
What is the support and resistance level for BIPC stock?
BROOKFIELD INFRASTRUCTURE-A (BIPC) has a support level at 45.07. Check the full technical report for our detailed analysis of BIPC support and resistance levels.