Brookfield Global Listed Infrastructure Fund Forecast
Red day on Thursday for Brookfield Global Listed Infrastructure
(Updated on Apr 16, 2020)
No changes to the price of Brookfield Global Listed Infrastructure fund on the last trading day (Thursday, 16th Apr 2020). During the last trading day the fund fluctuated 0% from a day low at $12.81 to a day high of $12.81. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -18.20% during the next 3 months and, with a 90% probability hold a price between $8.84 and $11.16 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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INF Signals & Forecast
There are mixed signals in the fund today. The Brookfield Global Listed Infrastructure fund 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 $12.81 and $12.86. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, March 06, 2020, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Brookfield Global Listed Infrastructure fund
Brookfield Global Listed Infrastructure finds support from accumulated volume at $12.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: $12.04 (-6.00%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (INF) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Brookfield Global Listed Infrastructure Income Fund to open at $12.81, and during the day (based on 14 day Average True Range), to move between $12.76 and $12.86, which gives a possible trading interval of +/-$0.0521 (+/-0.41%) up or down from last closing price. If Brookfield Global Listed Infrastructure Income Fund takes out the full calculated possible swing range there will be an estimated 0.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.91 (0.78%) than the support at $12.45 (2.81%), 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 Listed Infrastructure Income Fund fund A Buy?
Brookfield Global Listed Infrastructure holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.870 Hold/Accumulate Unchanged
Predicted Opening Price for Brookfield Global Listed Infrastructure Income Fund of Friday, April 17, 2020
Fair opening price April 17, 2020 | Current price |
---|---|
$12.81 ( 0%) | $12.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.81 | . | |
R2 | 12.81 | . | ||
R1 | 12.81 | . | ||
Current price: | 12.81 | |||
Support | S1 | 12.81 | . | |
S2 | 12.81 | . | ||
S3 | 12.81 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.80 | 15.53 % | |
R2 | 14.07 | 9.84 % | ||
R1 | 12.91 | 0.781 % | ||
Current price | 12.81 | |||
Support | S1 | 12.45 | -2.81% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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