BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BHP • US0886061086
Taking everything into account, BHP scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BHP is showing a nice and steady performance.
- BHP is one of the lesser performing stocks in the Metals & Mining industry. 66% 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.
- When comparing the yearly performance of all stocks, we notice that BHP is one of the better performing stocks in the market, outperforming 90% of all stocks.
- BHP is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BHP has a been trading in the 63.46 - 75.14 range, which is quite wide. It is currently trading near the high of this range.
- BHP has an average volume of 3846460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although BHP has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
51.62
5 important support areas can be observed.
- A support zone ranging from 68.45 to 69.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 63.88 to 65.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.08 from a trend line in the weekly time frame.
- Support @53.15 from a horizontal line in the daily time frame.
- Support @52.14 from a horizontal line in the weekly time frame.
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 BHP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHP is up. |
| ChartMill Relative Strength | 90.2 | POSITIVE | BHP has a high relative strength, it outperformed 90.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BHP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.79 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests BHP has a positive trend. |
| Stochastics (14,3) | 81.54 | OVERBOUGHT | The high Stochastics value suggests BHP may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 35.41 | POSITIVE | The high ADX value value for BHP suggests a strong trend. |
75.13
+2.78 (+3.84%)
BHP GROUP LTD-SPON ADR / BHP FAQ
What is the ChartMill technical rating of BHP GROUP LTD-SPON ADR (BHP) stock?
ChartMill assigns a technical rating of 10 / 10 to BHP.
Can you provide the trend direction for BHP GROUP LTD-SPON ADR?
The current trend direction for BHP GROUP LTD-SPON ADR (BHP) is Bullish.
What is the RSI signal for BHP GROUP LTD-SPON ADR (BHP) stock?
BHP GROUP LTD-SPON ADR (BHP) has an RSI value of 68.7934. This indicates that the stock is currently neutral.
What is the MACD signal for BHP GROUP LTD-SPON ADR (BHP) stock?
The MACD indicator for BHP GROUP LTD-SPON ADR (BHP) has a value of 0.182701, indicating a bearish trend.
Can you provide the support and resistance levels for BHP GROUP LTD-SPON ADR?
BHP GROUP LTD-SPON ADR (BHP) has a support level at 69.1. Check the full technical report for our detailed analysis of BHP support and resistance levels.