Brookfield Glbl Lstd Infrstr Incm Fd Inc Forecast and Stock Analysis
Technical INF.L stock analysis for February 15, 2019.
|Shorts||0.14% ( 2013-01-15 )|
Brookfield Glbl Lstd Infrstr Incm Fd Inc fell by -0.84% in the last day from £710.60 to £704.60 The price has risen in 6 of the last 10 days and is up by 3.19% over the past 2 weeks. Volume has increased in the last day by 1.19 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 3.91 million shares bought and sold for approximately £2 754.43 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the INF.L stock was £704.60. This is 0.84% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.51% from a day low at £703.80 to a day high of £714.40.
30 day high of the INF.L stock price was £714.40 and low was £642.00.
90 day high was £744.80 and low was £602.80.
52 week high for the Brookfield Glbl Lstd Infrstr Incm Fd Inc - £869.60 and low - £602.80.
Brookfield Glbl Lstd Infrstr Incm Fd Inc is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at £714.88 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Brookfield Glbl Lstd Infrstr Incm Fd Inc with 90% probability to be traded between £590.48 and £703.44 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Brookfield Glbl Lstd Infrstr Incm Fd Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £695.51 and £666.28. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Brookfield Glbl Lstd Infrstr Incm Fd Inc finds support from accumulated volume at £685.40.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £10.60 (1.51%) between high and low. For the last week, the stock has had a daily average volatility of 1.74%.
Our recommended stoploss: £681.76 (-3.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
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Brookfield Glbl Lstd Infrstr Incm Fd Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.