Brookfield Renewable Powerr Fund Stock Forecast
Brookfield Renewable Powerr Fund stock price up 0.346% on Thursday
(Updated on Mar 28, 2024)
The Brookfield Renewable Powerr Fund stock price gained 0.346% on the last trading day (Thursday, 28th Mar 2024), rising from $23.15 to $23.23. During the last trading day the stock fluctuated 2.22% from a day low at $22.89 to a day high of $23.39. The price has been going up and down for this period, and there has been a 2.15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 517 thousand shares were bought and sold for approximately $12.01 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $23.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.45% during the next 3 months and, with a 90% probability hold a price between $17.92 and $19.60 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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BEP Signals & Forecast
The Brookfield Renewable Powerr Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.89 and $23.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.69%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Brookfield Renewable Powerr Fund stock
Brookfield Renewable Powerr Fund finds support from accumulated volume at $23.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.508 (2.22%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: $22.13 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BEP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Brookfield Renewable Powerr Fund to open at $23.17, and during the day (based on 14 day Average True Range), to move between $22.60 and $23.86, which gives a possible trading interval of +/-$0.635 (+/-2.73%) up or down from last closing price. If Brookfield Renewable Powerr Fund takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.15 (0.34%) than the resistance at $24.12 (3.83%), 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 Renewable Powerr Fund stock A Buy?
Brookfield Renewable Powerr Fund 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: 0.624 Hold/Accumulate Unchanged
Predicted Opening Price for Brookfield Renewable Powerr Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.17 ( 0.260%) | $23.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.68 | 1.92 % | |
R2 | 23.48 | 1.09 % | ||
R1 | 23.36 | 0.575 % | ||
Current price: | 23.23 | |||
Support | S1 | 22.98 | -1.09 % | |
S2 | 22.86 | -1.61 % | ||
S3 | 22.66 | -2.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.46 | 5.29 % | |
R2 | 24.18 | 4.09 % | ||
R1 | 24.12 | 3.83 % | ||
Current price | 23.23 | |||
Support | S1 | 23.15 | -0.344% | |
S2 | 23.00 | -0.99% | ||
S3 | 22.90 | -1.42% |
BEP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 02, 2024 | Feb 28, 2024 | Mar 28, 2024 | $0.355 | 1.53% |
2 | Nov 29, 2023 | Nov 29, 2023 | Dec 29, 2023 | $0.338 | 1.28% |
3 | Aug 03, 2023 | Aug 30, 2023 | Sep 29, 2023 | $0.338 | 1.55% |
4 | May 05, 2023 | May 30, 2023 | Sep 29, 2023 | $0.338 | 1.55% |
5 | Feb 03, 2023 | Feb 27, 2023 | Mar 31, 2023 | $0.338 | 1.07% |
FAQ
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