BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA - NYSE:BHP - US0886061086 - ADR
We assign a technical rating of 4 out of 10 to BHP. In the last year, BHP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
BHP has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
50.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 54.54 to 54.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.15 to 53.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.13 to 52.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 50.65 to 50.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.23 to 57.97. 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 BHP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHP is down. |
| ChartMill Relative Strength | 53.3 | NEUTRAL | BHP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BHP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHP is below a declining 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) | 46.78 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests BHP has a negative trend. |
| Stochastics (14,3) | 25.66 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 10.26 | NEGATIVE | The low ADX value for BHP suggests a weak or negative trend. |
55.16
-0.45 (-0.81%)
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 4 / 10 to BHP.
What is the trend direction for BHP stock?
The current trend direction for BHP GROUP LTD-SPON ADR (BHP) is Bullish.
Can you provide the RSI signal for BHP GROUP LTD-SPON ADR?
BHP GROUP LTD-SPON ADR (BHP) has an RSI value of 46.7805. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BHP GROUP LTD-SPON ADR?
The short term momentum for BHP GROUP LTD-SPON ADR (BHP) is negative.
What is the support and resistance level for BHP stock?
BHP GROUP LTD-SPON ADR (BHP) has a support level at 54.73 and a resistance level at 55.23. Check the full technical report for our detailed analysis of BHP support and resistance levels.