Brookfield Global Infrastructure Trust Forecast
Brookfield Global Infrastructure trust price down 0.95% on Thursday
(Updated on Jul 04, 2024)
The Brookfield Global Infrastructure trust price fell by -0.95% on the last day (Thursday, 4th Jul 2024) from $4.21 to $4.17. During the last trading day the trust fluctuated 0.96% from a day low at $4.17 to a day high of $4.21. The price has risen in 6 of the last 10 days but is still down by -1.18% for this period. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -5 thousand shares and in total, 2 thousand shares were bought and sold for approximately $6.30 thousand.
The trust lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.14 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the trust is expected to rise 4.38% during the next 3 months and, with a 90% probability hold a price between $4.32 and $4.84 at the end of this 3-month period.
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BGI-UN.TO Signals & Forecast
The Brookfield Global Infrastructure trust 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 $4.25 and $4.34. 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 along with the price during the last trading day which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 0.97%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Brookfield Global Infrastructure trust
Brookfield Global Infrastructure finds support from accumulated volume at $4.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved $0.0400 between high and low, or 0.96%. For the last week the trust has had daily average volatility of 2.49%
Our recommended stop-loss: $3.92 (-5.93%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (BGI-UN.TO) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Brookfield Global Infrastructure Securities Income Fund to open at $4.18, and during the day (based on 14 day Average True Range), to move between $4.07 and $4.27, which gives a possible trading interval of +/-$0.0990 (+/-2.37%) up or down from last closing price. If Brookfield Global Infrastructure Securities Income Fund takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.18 (0.24%) than the support at $4.16 (0.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Brookfield Global Infrastructure Securities Income Fund trust A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.204 Buy Candidate Unchanged
Predicted Opening Price for Brookfield Global Infrastructure Securities Income Fund of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $4.18 ( 0.320%) | $4.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGI-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.22 | 1.28% |
| R2 | 4.21 | 0.91% |
| R1 | 4.20 | 0.686% |
| Price | 4.17 | |
| S1 | 4.17 | -0.0467% |
| S2 | 4.16 | -0.273% |
| S3 | 4.14 | -0.639% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.39 | 5.28% |
| R2 | 4.31 | 3.36% |
| R1 | 4.18 | 0.240% |
| Price | 4.17 | |
| S1 | 4.16 | -0.240% |
| S2 | 4.11 | -1.44% |
| S3 | 4.05 | -2.88% |
FAQ
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