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Brookfield Renewable Powerr Fund stock price up 0.346% on Thursday
(Updated on Mar 28, 2024)

Hold candidate since Mar 26, 2024 Gain 1.57% PDF

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


# Declaration Date 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

What is the symbol for Brookfield Renewable Powerr Fund Stock and on which exchange is it traded?
The symbol for Brookfield Renewable Powerr Fund is BEP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Brookfield Renewable Powerr Fund Stock?
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.

How to buy Brookfield Renewable Powerr Fund Stock?
Brookfield Renewable Powerr Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Brookfield Renewable Powerr Fund Stock.

What's the current price of Brookfield Renewable Powerr Fund Stock?
As of the end of day on the 2024-03-28, the price of an Brookfield Renewable Powerr Fund (BEP) share was $23.23.

What is the 52-week high and low for Brookfield Renewable Powerr Fund Stock?
The 52-week high for Brookfield Renewable Powerr Fund Stock is $32.76 and the 52-week low is $19.97.

What is the market capitalization of Brookfield Renewable Powerr Fund Stock?
As of the 2024-03-28, the market capitalization of Brookfield Renewable Powerr Fund is 6.671B.

When is the next earnings date for Brookfield Renewable Powerr Fund?
The upcoming earnings date for Brookfield Renewable Powerr Fund is May 03, 2024.
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About Brookfield Renewable Powerr Fund

Brookfield Renewable Powerr Fund Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources. Its portfolio consists of approximately 21,000 megawatts of installed capacity. Brookfield Renewable Partners Limited operates as the genera... BEP Profile

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