Brookfield Infrastructure Partners LP Stock Forecast
Brookfield Infrastructure Partners LP stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Brookfield Infrastructure Partners LP stock price fell by -0.80% on the last day (Friday, 26th Apr 2024) from $27.36 to $27.14. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.81% from a day low at $27.13 to a day high of $27.62. The price has been going up and down for this period, and there has been a 5.03% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -276 thousand shares and in total, 240 thousand shares were bought and sold for approximately $6.52 million.
The stock lies in the middle of a wide and 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 -13.70% during the next 3 months and, with a 90% probability hold a price between $21.09 and $25.62 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BIP Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.34%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brookfield Infrastructure Partners LP stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.33 and $28.52. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Brookfield Infrastructure Partners LP stock
Brookfield Infrastructure Partners LP finds support from accumulated volume at $25.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.490 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: $25.98 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (BIP) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Brookfield Infrastructure Partners LP to open at $27.30, and during the day (based on 14 day Average True Range), to move between $26.24 and $28.04, which gives a possible trading interval of +/-$0.90 (+/-3.30%) up or down from last closing price. If Brookfield Infrastructure Partners LP takes out the full calculated possible swing range there will be an estimated 6.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.84 (4.79%) than the resistance at $28.50 (5.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Brookfield Infrastructure Partners LP will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.700. We will update the financials statements for Brookfield Infrastructure Partners LP, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.24% in the first trading day after earnings release.
Is Brookfield Infrastructure Partners LP stock A Buy?
Brookfield Infrastructure Partners LP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.886 Hold/Accumulate Upgraded
Predicted Opening Price for Brookfield Infrastructure Partners LP of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $27.30 ( 0.577%) | $27.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.79 | 2.38 % | |
| R2 | 27.60 | 1.69 % | ||
| R1 | 27.48 | 1.27 % | ||
| Current price: | 27.14 | |||
| Support | S1 | 27.11 | -0.112 % | |
| S2 | 26.99 | -0.539 % | ||
| S3 | 26.81 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.16 | 7.44 % | |
| R2 | 29.02 | 6.93 % | ||
| R1 | 28.50 | 5.01 % | ||
| Current price | 27.14 | |||
| Support | S1 | 25.84 | -4.79% | |
| S2 | 25.39 | -6.45% | ||
| S3 | 25.05 | -7.70% |
BIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 28, 2024 | Mar 29, 2024 | $0.405 | 1.30% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Dec 29, 2023 | $0.383 | 1.21% |
| 3 | Aug 03, 2023 | Aug 30, 2023 | Sep 29, 2023 | $0.383 | 1.30% |
| 4 | May 03, 2023 | May 30, 2023 | Jun 30, 2023 | $0.383 | 1.05% |
| 5 | Feb 02, 2023 | Feb 27, 2023 | Mar 31, 2023 | $0.383 | 1.13% |
FAQ
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