BHP GROUP LTD-SPON ADR (BHP) Technical Analysis
NYSE:BHP • US0886061086
We assign a technical rating of 9 out of 10 to BHP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month BHP has a been trading in the 69.02 - 83.22 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, BHP did better than 88% of all other stocks. On top of that, BHP also shows a nice and consistent pattern of rising prices.
- BHP 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 BHP is lagging the market slightly.
- BHP has an average volume of 4403630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- BHP is part of the Metals & Mining industry. There are 157 other stocks in this industry, BHP did better than 40% of them.
Although BHP has an excellent technical rating, the quality of the presented setup is not ideal 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
51.62
When analyzing the support we can see 7 important areas.
- Support @73.08 from a trend line in the daily time frame.
- A support zone ranging from 71.85 to 71.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.42 from a trend line in the weekly time frame.
- Support @57.03 from a trend line in the daily time frame.
- Support @54.75 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 | DOWN | NEGATIVE | The short term trend for BHP is down. |
| ChartMill Relative Strength | 88.87 | POSITIVE | BHP has a high relative strength, it outperformed 88.87% off all stocks 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) | 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) | 47.4 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.16 | NEGATIVE | The MACD value suggests BHP has a negative trend. |
| Stochastics (14,3) | 30.69 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 27.44 | POSITIVE | The high ADX value value for BHP suggests a strong trend. |
BHP Technicals: Chart, Performance Metrics, Trend & Indicators
73.35
-0.54 (-0.73%)
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 47.3983. 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 -1.15686, 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 72.8. Check the full technical report for our detailed analysis of BHP support and resistance levels.