BHP GROUP PLC-ADR (BBL) Stock Technical Analysis
NYSE:BBL
Overall BBL gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BBL has proven to be a steady performer, scoring decent points in every aspect analyzed.
- BBL is one of the lesser performing stocks in the Metals & Mining industry. 60% of 157 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- BBL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BBL is lagging the market slightly.
- BBL has an average volume of 3610570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that BBL is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month BBL has a been trading in the 59.25 - 69.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BBL also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 64.17, a Stop Loss order could be placed below this zone.
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49.24
When analyzing the support we can see 5 important areas.
- A support zone ranging from 63.83 to 64.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.78 from a trend line in the weekly time frame.
- Support @52.48 from a trend line in the daily time frame.
- A support zone ranging from 50.61 to 50.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.74 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.72 to 66.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BBL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBL is up. |
| ChartMill Relative Strength | 91 | POSITIVE | BBL has a high relative strength, it outperformed 91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.33 | NEUTRAL | The RSI value for BBL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests BBL has a negative trend. |
| Stochastics (14,3) | 44.03 | NEUTRAL | The Stochastics value for BBL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for BBL suggests some volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 66.08 | 63.82 | 2.26 (3.42%) | 25.00% |
| An entry @66.08. This is a Buy Stop order right above the resistance zone. | An exit @63.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.26 points, which is 3.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- The distance between exit and entry is rather small compared to the average daily movement of BBL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
64.18
-1.6 (-2.43%)
BHP GROUP PLC-ADR / BBL FAQ
What is the ChartMill technical rating of BHP GROUP PLC-ADR (BBL) stock?
ChartMill assigns a technical rating of 8 / 10 to BBL.
What is the trend direction for BBL stock?
The current trend direction for BHP GROUP PLC-ADR (BBL) is Bullish.
What is the RSI signal for BHP GROUP PLC-ADR (BBL) stock?
BHP GROUP PLC-ADR (BBL) has an RSI value of 55.3256. This indicates that the stock is currently neutral.
What is the MACD signal for BHP GROUP PLC-ADR (BBL) stock?
The MACD indicator for BHP GROUP PLC-ADR (BBL) has a value of -0.363121, indicating a bearish trend.
Can you provide the support and resistance levels for BHP GROUP PLC-ADR?
BHP GROUP PLC-ADR (BBL) has a support level at 64.17 and a resistance level at 64.72. Check the full technical report for our detailed analysis of BBL support and resistance levels.