BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA - New York Stock Exchange - 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. We are getting mixed signals now in both the short and medium term picture.
BHP has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
50.14
2 important support areas can be observed.
- A support zone ranging from 52.11 to 54.52. This zone is formed by a combination of multiple trend lines and important moving averages 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.70 to 57.97. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for BHP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHP is neutral. |
| ChartMill Relative Strength | 50.86 | NEUTRAL | BHP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BHP is below 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) | 49.52 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BHP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.13 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for BHP suggests low volalility. |
| Average Directional Index/ADX (14) | 15.08 | NEGATIVE | The low ADX value for BHP suggests a weak or negative trend. |
54.73
-0.15 (-0.27%)
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 Bearish.
Can you provide the RSI signal for BHP GROUP LTD-SPON ADR?
BHP GROUP LTD-SPON ADR (BHP) has an RSI value of 49.5215. 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 neutral.
What is the support and resistance level for BHP stock?
BHP GROUP LTD-SPON ADR (BHP) has a support level at 54.52 and a resistance level at 56.7. Check the full technical report for our detailed analysis of BHP support and resistance levels.