Is Brookfield Renewable Corp. technically bullish or bearish?
As of October 1, 2023, Brookfield Renewable Corp. shows a mixed technical trend with a mildly bearish weekly outlook but bullish monthly indicators, and while it has outperformed the S&P 500 recently, it has lagged behind over the longer term.
As of 1 October 2023, the technical trend for Brookfield Renewable Corp. is mixed, with a mildly bearish stance on the weekly MACD and KST, while the monthly indicators show bullish signals. The daily moving averages are bullish, and both the weekly and monthly Bollinger Bands indicate bullish conditions. The Dow Theory shows a mildly bullish trend on the weekly timeframe but no trend on the monthly. Overall, the stock is currently in a neutral to mildly bullish position, with strength primarily driven by the daily moving averages and monthly Bollinger Bands.In terms of performance, Brookfield Renewable has outperformed the S&P 500 over the past week and month, with returns of 2.24% and 2.70% respectively, but has lagged behind the benchmark over the longer-term periods of 1 year, 3 years, and 5 years.
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