BROOKFIELD INFRASTRUCTURE-A (BIPC) Stock Technical Analysis
NYSE:BIPC - New York Stock Exchange, Inc. - CA11276H1064 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to BIPC. In the last year, BIPC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
BIPC is part of the Gas Utilities industry. There are 14 other stocks in this industry, of which 76% are performing better than BIPC.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
BIPC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, BIPC turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
BIPC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BIPC is lagging the market slightly.
Besides having an excellent technical rating, BIPC also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 39.25, a Stop Loss order could be placed below this zone.
More info and screens
34.18
44.31
We found 3 important support areas.
- A support zone ranging from 38.02 to 39.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.34 from a trend line in the weekly time frame.
- Support @34.53 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @39.92 from a trend line in the daily time frame.
- Resistance @41.06 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 | NEUTRAL | NEUTRAL | The long term trend for BIPC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BIPC is up. |
| ChartMill Relative Strength | 64.74 | NEUTRAL | BIPC is not amongst the best or worst performers 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 | MIXED | The current price of BIPC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.12 | NEUTRAL | The RSI value for BIPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BIPC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.13 | NEUTRAL | The Stochastics value for BIPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for BIPC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.52 | 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)
39.5
+0.42 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryGas Utilities
Performance
% Chg1.07%
1 Week0.15%
2 Weeks1.7%
1 Month8.46%
3 Month-6.6%
6 Month-10.51%
12 Month11.14%
2 Year-14.32%
3 Year-16.02%
5 Year36.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%2.41%
ATR Inc33.53%
Range Today1.26
ADR(20)0.94
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.74
Mansfield-0.05
10 Day High40.27
10 Day Low38.19
20 Day High40.27
20 Day Low35.49
52 Week High45.29
52 Week Low32.08
CS1 End39.25
CR1 Start39.92
Volume & EV
DER(3)1.54%
DER(5)0.44%
Volume736.90K
Volume Incr-10.97%
Vol(5)634.30K
Vol(50)729.17K