Taking this into account, Barclays initiated its Brookfield Renewable Partners LP [BEP] rating to an Equal weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. UBS also remained covering BEP and has increased its forecast on September 30, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on November 17, 2023. It rated BEP as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BEP
On Tuesday, Brookfield Renewable Partners LP [NYSE:BEP] saw its stock jump 2.48% to $23.98. Over the last five days, the stock has gained 7.20%. Brookfield Renewable Partners LP shares have risen nearly 5.22% since the year began. Nevertheless, the stocks have fallen -12.99% over the past one year. While a 52-week high of $29.56 was reached on 03/24/25, a 52-week low of $19.29 was recorded on 04/07/25. SMA at 50 days reached $22.43, while 200 days put it at $23.97.
Levels Of Support And Resistance For BEP Stock
The 24-hour chart illustrates a support level at 23.56, which if violated will result in even more drops to 23.13. On the upside, there is a resistance level at 24.20. A further resistance level may holdings at 24.41. The Relative Strength Index (RSI) on the 14-day chart is 66.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.55%. Stochastics %K at 89.16% indicates the stock is a selling.
