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Brookfield Renewable Corporation Inc. Stock Forecast NYSE:BEPC

$35.80 (2.14%)

Volume: 906k

Closed: Dec 07, 2021

Hollow Logo Score: -1.347

Brookfield Renewable Corporation Inc. Stock Forecast

$35.80 (2.14%)

Volume: 906k

Closed: Dec 07, 2021

Score Hollow Logo -1.347
Which way will BEPC go? Request
Earnings Date: Dec 09, 2021
Key Stats
Beta 0.95
Trailing Dividend Rate 3.85% ($1.35)
* 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 stock is currently not being overbought or oversold

Brookfield Renewable Corporation Inc. stock price ended on $35.80 on Tuesday after gaining 2.14%
(Updated on Dec 07, 2021)

Sell candidate since 2021-11-05 Loss -13.55%

The Brookfield Renewable Corporation Inc. stock price gained 2.14% on the last trading day (Tuesday, 7th Dec 2021), rising from $35.05 to $35.80. , 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 stock fluctuated 2.43% from a day low at $35.24 to a day high of $36.10. The price has fallen in 7 of the last 10 days and is down by -6.99% for this period. Volume fell on the last day by -40 thousand shares and in total, 906 thousand shares were bought and sold for approximately $32.44 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 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 -9.28% during the next 3 months and, with a 90% probability hold a price between $31.23 and $37.12 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 3.59%. 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 stock 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 Corporation Inc. 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 $35.98 and $39.25. 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 Corporation Inc. finds support from accumulated volume at $35.73 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 $0.85 between high and low, or 2.43%. For the last week, the stock has had a daily average volatility of 3.37%.

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

Is Brookfield Renewable Corporation Inc. stock A Buy?

Brookfield Renewable Corporation Inc. 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 stock.

Current score: -1.347

Predicted Opening Price for Brookfield Renewable Corporation Inc. 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
$35.71 $35.80 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Jul 21, 2021 "JPMorgan Chase & Co." gave "$49.00 - $52.00" rating for BEPC. The price target was set to $39.97+3.7%.

Volatility and Risk
Daily Average Volatility: 3.37 %
Overall Risk: Very High High Medium Low Very Low
3.37 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $38.08
Price: $35.80
Support: $35.73

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 36.57 2.14 %
36.24 1.23 %
36.04 0.67 %
Current price: 35.80
Support 35.39 -1.16 %
35.18 -1.72 %
34.86 -2.64 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 42.22 17.93 %
38.86 8.55 %
38.08 6.37 %
Current price 35.80
Support 35.73 -0.20%
35.05 -2.09%
34.56 -3.46%

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