The Hourly View for BIP
Currently, BIP (Get Ratings)’s price is down $-0.1 (-0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
BIP ranks 18th in terms of today’s price percentage change out of Transportation stocks.
BIP’s Technical Outlook on the Daily Chart
At the time of this writing, BIP’s price is up $0.17 (0.31%) from the day prior. The daily chart shows that BIP has seen 2 straight up days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Brookfield Infrastructure Partners LP’s price action over the past 90 days can be seen via the chart below.