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Brookfield Renewable Powerr Fund Fund Forecast NYSE:BEP

$34.95 (1.42%)

Volume: 364k

Closed: Dec 07, 2021

Hollow Logo Score: -4.005

Brookfield Renewable Powerr Fund Fund Forecast

$34.95 (1.42%)

Volume: 364k

Closed: Dec 07, 2021

Score Hollow Logo -4.005
Which way will BEP go? Request
Key Stats
Beta 0.82
Trailing Dividend Rate 3.66% ($1.26)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 25 and the fund is currently not being overbought or oversold

Brookfield Renewable Powerr Fund fund price up 1.42% on Tuesday
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-07

The Brookfield Renewable Powerr Fund fund price gained 1.42% on the last trading day (Tuesday, 7th Dec 2021), rising from $34.46 to $34.95. , and 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 day the fund fluctuated 1.35% from a day low at $34.80 to a day high of $35.27. The price has fallen in 7 of the last 10 days and is down by -6.68% for this period. Volume fell on the last day by -129 thousand shares and in total, 364 thousand shares were bought and sold for approximately $12.73 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The fund lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $33.92 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the fund is expected to fall -5.03% during the next 3 months and, with a 90% probability hold a price between $32.22 and $37.87 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 2.82%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The fund should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brookfield Renewable Powerr Fund fund 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 $35.25 and $37.86. 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).

Support, Risk & Stop-loss

Brookfield Renewable Powerr Fund finds support from accumulated volume at $34.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This fund has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the fund moved $0.47 between high and low, or 1.35%. For the last week, the fund has had a daily average volatility of 3.09%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Brookfield Renewable Powerr Fund fund A Buy?

Brookfield Renewable Powerr Fund holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.

Current score: -4.005

Predicted Opening Price for Brookfield Renewable Powerr Fund of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$35.01 $34.95 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 08, 2021 "Raymond James" gave "$44.00" rating for BEP. The price target was changed from $39.19 to 1.1%.

Volatility and Risk
Daily Average Volatility: 3.09 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.09 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $36.25
Price: $34.95
Support: $34.46

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 35.48 1.51 %
35.30 0.99 %
35.19 0.68 %
Current price: 34.95
Support 34.83 -0.35 %
34.72 -0.67 %
34.54 -1.18 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 38.75 10.87 %
37.80 8.15 %
36.25 3.72 %
Current price 34.95
Support 34.46 -1.40%
33.99 -2.75%
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About Brookfield Renewable Powerr Fund

Brookfield Renewable Powerr Fund Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities. It owns and manages 207 hydroelectric generating stations, 37 wind facilities, 3 biomass facilities, and 2 natural gas-fired plants with 7,284 megawatts of generating capacity in the United States, Canada, Brazil, and Europe. The company sells its generation output primarily to public power authorities, load-serving utilities, and industrial users. Brook... Read more

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