Brookfield Infrastructure Partners L.P. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Brookfield Infrastructure Partners L.P. stock price ended at $41.33 on Monday, after gaining 3.07%.
(Updated on May 06, 2024)
The Brookfield Infrastructure Partners L.P. stock price gained 3.07% on the last trading day (Monday, 6th May 2024), rising from $40.10 to $41.33. It has now gained 4 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 last trading day the stock fluctuated 3.09% from a day low at $40.10 to a day high of $41.34. The price has been going up and down for this period, and there has been a 8.51% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 121 thousand more shares were traded than the day before. In total, 699 thousand shares were bought and sold for approximately $28.87 million.
Given the current short-term trend, the stock is expected to fall -9.57% during the next 3 months and, with a 90% probability hold a price between $30.39 and $37.37 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-UN.TO Signals & Forecast
Mostly positive signals in the chart today. The Brookfield Infrastructure Partners L.P. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $38.48 and $38.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 19.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Brookfield Infrastructure Partners L.P. stock
Brookfield Infrastructure Partners L.P. finds support from accumulated volume at $39.86 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 $1.24 between high and low, or 3.09%. For the last week, the stock has had daily average volatility of 3.26%.
The Brookfield Infrastructure Partners L.P. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $39.98 (-3.26%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (BIP-UN.TO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Brookfield Infrastructure Partners L.P. to open at $40.92, and during the day (based on 14 day Average True Range), to move between $40.14 and $42.52, which gives a possible trading interval of +/-$1.19 (+/-2.87%) up or down from last closing price. If Brookfield Infrastructure Partners L.P. takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.40 (0.17%) than the support at $39.86 (3.56%), 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 Infrastructure Partners L.P. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.667 Buy Candidate Unchanged
Predicted Opening Price for Brookfield Infrastructure Partners L.P. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $40.92 ( 0.98%) | $41.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIP-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.16 | 2.02 % | |
| R2 | 41.69 | 0.87 % | ||
| R1 | 41.40 | 0.162 % | ||
| Current price: | 41.33 | |||
| Support | S1 | 40.45 | -2.13 % | |
| S2 | 40.16 | -2.84 % | ||
| S3 | 39.68 | -3.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.95 | 3.92 % | |
| R2 | 42.30 | 2.35 % | ||
| R1 | 41.40 | 0.169 % | ||
| Current price | 41.33 | |||
| Support | S1 | 39.86 | -3.56% | |
| S2 | 39.36 | -4.77% | ||
| S3 | 37.90 | -8.30% |
BIP-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 28, 2024 | $0.554 | 1.34% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0 | 0% |
| 4 | Aug 03, 2023 | Aug 30, 2023 | Sep 29, 2023 | $0.517 | 1.30% |
| 5 | May 03, 2023 | May 30, 2023 | Jun 30, 2023 | $0.520 | 1.07% |
FAQ
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