The Relative Strength (RS) Rating for Brookfield Renewable moved up into a higher percentile Wednesday, as it got a lift from 63 to 72.
Can You Really Time The Stock Market?
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an RS Rating of above 80 as they begin their biggest runs. See if Brookfield Renewable can continue to rebound and hit that benchmark.
Brookfield Renewable is trying to complete a consolidation with a 35.14 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted negative growth for both sales and earnings last quarter.
Brookfield Renewable earns the No. 18 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy, Kenon Holdings and GE Vernova are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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