Brookfield Renewable Partners L.p. Stock Forecast
Green day on Friday for Brookfield Renewable Partners L.p.
(Updated on Jun 28, 2024)
The Brookfield Renewable Partners L.p. stock price gained 0.273% on the last trading day (Friday, 28th Jun 2024), rising from $18.34 to $18.39. During the last trading day the stock fluctuated 1.94% from a day low at $18.04 to a day high of $18.39. The price has fallen in 5 of the last 10 days and is down by -0.65% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $398.51 thousand.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.04% during the next 3 months and, with a 90% probability hold a price between $18.80 and $20.53 at the end of this 3-month period.
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BEP-PA Signals & Forecast
Brookfield Renewable Partners L.p. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brookfield Renewable Partners L.p. 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 $18.42 and $18.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.60%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Brookfield Renewable Partners L.p. stock
Brookfield Renewable Partners L.p. finds support from accumulated volume at $18.30 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 $0.350 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BEP-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Brookfield Renewable Partners L.p. to open at $18.27, and during the day (based on 14 day Average True Range), to move between $18.14 and $18.64, which gives a possible trading interval of +/-$0.252 (+/-1.37%) up or down from last closing price. If Brookfield Renewable Partners L.p. takes out the full calculated possible swing range there will be an estimated 2.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.30 (0.49%) than the resistance at $18.55 (0.87%), 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 Renewable Partners L.p. stock A Buy?
The Brookfield Renewable Partners L.p. stock holds several negative signals and despite the positive trend, we believe Brookfield Renewable Partners L.p. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.985 Sell Candidate Unchanged
Predicted Opening Price for Brookfield Renewable Partners L.p. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $18.27 ( 0.634%) | $18.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEP-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.62 | 1.27% |
| R2 | 18.49 | 0.542% |
| R1 | 18.41 | 0.0926% |
| Price | 18.39 | |
| S1 | 18.14 | -1.36% |
| S2 | 18.06 | -1.81% |
| S3 | 17.92 | -2.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.74 | 1.90% |
| R2 | 18.60 | 1.14% |
| R1 | 18.55 | 0.87% |
| Price | 18.39 | |
| S1 | 18.30 | -0.489% |
| S2 | 18.26 | -0.707% |
| S3 | 17.00 | -7.56% |
BEP-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 | $0.328 | 1.80% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.328 | 1.93% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.328 | 1.88% |
| 4 | Oct 12, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.328 | 2.04% |
| 5 | Jul 13, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.328 | 1.59% |
FAQ
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