Brookfield Real Assets Income Fund Inc. Stock Forecast
Green day on Thursday for Brookfield Real Assets Income Fund Inc. stock after gaining 0.645%
(Updated on Apr 18, 2024)
The Brookfield Real Assets Income Fund Inc. stock price gained 0.645% on the last trading day (Thursday, 18th Apr 2024), rising from $12.41 to $12.49. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.13% from a day low at $12.39 to a day high of $12.53. The price has fallen in 6 of the last 10 days and is down by -3.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 128 thousand more shares were traded than the day before. In total, 320 thousand shares were bought and sold for approximately $4.00 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.87% during the next 3 months and, with a 90% probability hold a price between $11.88 and $12.60 at the end of this 3-month period.
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RA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brookfield Real Assets Income Fund Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.82. On a fall, the stock will find some support from the short-term average at $12.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Brookfield Real Assets Income Fund Inc. stock
Brookfield Real Assets Income Fund Inc. finds support from accumulated volume at $12.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.140 between high and low, or 1.13%. For the last week the stock has had daily average volatility of 1.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Brookfield Real Assets Income Fund Inc. to open at $12.47, and during the day (based on 14 day Average True Range), to move between $12.36 and $12.62, which gives a possible trading interval of +/-$0.126 (+/-1.01%) up or down from last closing price. If Brookfield Real Assets Income Fund Inc. takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.46 (0.24%) than the resistance at $12.89 (3.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brookfield Real Assets Income Fund Inc. stock A Buy?
Brookfield Real Assets Income Fund Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.587 Sell Candidate Unchanged
Predicted Opening Price for Brookfield Real Assets Income Fund Inc. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $12.47 ( 0.161%) | $12.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.61 | 0.96 % | |
| R2 | 12.56 | 0.531 % | ||
| R1 | 12.52 | 0.267 % | ||
| Current price: | 12.49 | |||
| Support | S1 | 12.42 | -0.588 % | |
| S2 | 12.38 | -0.85 % | ||
| S3 | 12.33 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.95 | 3.68 % | |
| R2 | 12.91 | 3.36 % | ||
| R1 | 12.89 | 3.20 % | ||
| Current price | 12.49 | |||
| Support | S1 | 12.46 | -0.240% | |
| S2 | 12.36 | -1.04% | ||
| S3 | 12.25 | -1.92% |
RA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 25, 2024 | $0.118 | 0.94% |
| 2 | Mar 29, 2024 | May 07, 2024 | May 23, 2024 | $0.118 | 0.94% |
| 3 | Dec 29, 2023 | Apr 09, 2024 | Apr 23, 2024 | $0.118 | 0.94% |
| 4 | Jan 03, 2024 | Mar 12, 2024 | Mar 26, 2024 | $0.118 | 0.92% |
| 5 | Dec 29, 2023 | Feb 06, 2024 | Feb 22, 2024 | $0.118 | 0.91% |
FAQ
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