Brookfield Infrastructure Partners L.P. Stock Forecast
Evaluation of Brookfield Infrastructure Partners L.P. stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Brookfield Infrastructure Partners L.P. stock price fell by -1.53% on the last day (Thursday, 25th Apr 2024) from $37.98 to $37.40. During the last trading day the stock fluctuated 2.38% from a day low at $37.01 to a day high of $37.89. The price has been going up and down for this period, and there has been a 0.13% gain for the last 2 weeks. Volume has increased on the last day by 128 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 401 thousand shares were bought and sold for approximately $14.98 million.
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 -11.91% during the next 3 months and, with a 90% probability hold a price between $29.94 and $35.78 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
There are mixed signals in the stock today. The Brookfield Infrastructure Partners L.P. 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 $38.91. On a fall, the stock will find some support from the short-term average at $37.21. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.06%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Brookfield Infrastructure Partners L.P. stock
Brookfield Infrastructure Partners L.P. finds support from accumulated volume at $37.35 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 $0.88 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BIP-UN.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Brookfield Infrastructure Partners L.P. to open at $37.43, and during the day (based on 14 day Average True Range), to move between $36.20 and $38.60, which gives a possible trading interval of +/-$1.20 (+/-3.22%) 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 6.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.35 (0.13%) than the resistance at $39.36 (5.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Brookfield Infrastructure Partners L.P. stock A Buy?
Brookfield Infrastructure Partners L.P. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.350 Sell Candidate Downgraded
Predicted Opening Price for Brookfield Infrastructure Partners L.P. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $37.43 ( 0.0891%) | $37.40 |
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 | 38.31 | 2.44 % | |
| R2 | 37.98 | 1.54 % | ||
| R1 | 37.77 | 0.99 % | ||
| Current price: | 37.40 | |||
| Support | S1 | 37.10 | -0.81 % | |
| S2 | 36.89 | -1.36 % | ||
| S3 | 36.55 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.00 | 12.30 % | |
| R2 | 39.86 | 6.58 % | ||
| R1 | 39.36 | 5.24 % | ||
| Current price | 37.40 | |||
| Support | S1 | 37.35 | -0.134% | |
| S2 | 35.60 | -4.81% | ||
| S3 | 34.96 | -6.52% |
BIP-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
| 2 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0 | 0% |
| 3 | Aug 03, 2023 | Aug 30, 2023 | Sep 29, 2023 | $0.517 | 1.30% |
| 4 | May 03, 2023 | May 30, 2023 | Jun 30, 2023 | $0.520 | 1.07% |
| 5 | Feb 02, 2023 | Feb 27, 2023 | Mar 31, 2023 | $0.521 | 1.14% |
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