Brookfield Infrastructure Corporation Stock Forecast
Green day on Tuesday for Brookfield Infrastructure Corporation
(Updated on Jul 02, 2024)
The Brookfield Infrastructure Corporation stock price gained 2.15% on the last trading day (Tuesday, 2nd Jul 2024), rising from $33.05 to $33.76. During the last trading day the stock fluctuated 2.71% from a day low at $33.08 to a day high of $33.97. The price has fallen in 7 of the last 10 days but is still up by 0.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 382 thousand shares were bought and sold for approximately $12.88 million.
The stock lies in the middle of a wide and 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 8.62% during the next 3 months and, with a 90% probability hold a price between $34.12 and $40.23 at the end of this 3-month period.
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BIPC Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brookfield Infrastructure Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $34.21. On a fall, the stock will find some support from the short-term average at $33.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -5.59%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Brookfield Infrastructure Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $31.23 and $30.97. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Brookfield Infrastructure Corporation finds support just below today's level at $31.23. If this is broken, then the next support from accumulated volume will be at $30.97 and $28.90.
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 $0.89 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIPC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Brookfield Infrastructure Corporation to open at $33.60, and during the day (based on 14 day Average True Range), to move between $32.87 and $34.65, which gives a possible trading interval of +/-$0.89 (+/-2.65%) up or down from last closing price. If Brookfield Infrastructure Corporation takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.93 (0.50%) than the support at $31.23 (7.49%), 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 Corporation stock A Buy?
Brookfield Infrastructure Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.021 Sell Candidate Unchanged
Predicted Opening Price for Brookfield Infrastructure Corporation of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$33.60 ( 0.469%) | $33.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIPC
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 34.50 | 2.18% |
R2 | 34.15 | 1.17% |
R1 | 33.94 | 0.544% |
Price | 33.76 | |
S1 | 33.26 | -1.48% |
S2 | 33.05 | -2.11% |
S3 | 32.71 | -3.12% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.00 | 3.67% |
R2 | 34.57 | 2.40% |
R1 | 33.93 | 0.504% |
Price | 33.76 | |
S1 | 31.23 | -7.49% |
S2 | 30.97 | -8.26% |
S3 | 28.90 | -14.40% |
BIPC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | May 31, 2024 | Jun 28, 2024 | $0.410 | 1.22% |
2 | Feb 28, 2024 | Feb 28, 2024 | Mar 29, 2024 | $0.405 | 1.12% |
3 | Nov 01, 2023 | Nov 29, 2023 | Dec 29, 2023 | $0.380 | 1.08% |
4 | Aug 03, 2023 | Aug 30, 2023 | Sep 29, 2023 | $0.383 | 1.08% |
5 | May 03, 2023 | May 30, 2023 | Jun 30, 2023 | $0.383 | 0.84% |
FAQ
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