Brookfield Property Partners L.p. Stock Forecast

Brookfield Property Partners L.p. stock price up 0.149% on Wednesday
(Updated on Jun 26, 2024)

BPYPO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.526%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brookfield Property 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 $13.44 and $13.72. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Brookfield Property Partners L.p. stock

Brookfield Property Partners L.p. finds support from accumulated volume at $13.33 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 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 stock During the last day, the stock moved $0.240 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.69%

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

Trading Expectations (BPYPO) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Brookfield Property Partners L.p. to open at $13.43, and during the day (based on 14 day Average True Range), to move between $13.14 and $13.66, which gives a possible trading interval of +/-$0.265 (+/-1.98%) up or down from last closing price. If Brookfield Property Partners L.p. takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.47 (0.52%) than the support at $13.33 (0.52%), 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 Property Partners L.p. stock A Buy?

Brookfield Property Partners L.p. 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: -3.891 Sell Candidate Unchanged

Predicted Opening Price for Brookfield Property Partners L.p. of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.