BHP GROUP LTD-SPON ADR (BHP)
US0886061086 - ADR
Taking everything into account, BHP scores 2 out of 10 in our technical rating. BHP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
In the last month BHP has a been trading in the 54.73 - 59.30 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BHP has an average volume of 2496500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BHP outperforms 67% of them, which is more or less in line with the market.
BHP is an average performer in the Metals & Mining industry, it outperforms 57% of 154 stocks in the same industry.
BHP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BHP is lagging the market slightly.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.46
Mansfield-0.94
10 Day High59.3
10 Day Low55.62
20 Day High59.3
20 Day Low54.73
52 Week High71.52
52 Week Low46.92
Performance
1 Week-2.91%
2 Weeks3.2%
1 Month2.49%
3 Month-4.32%
6 Month-2.41%
12 Month16.12%
Although the technical rating is bad, BHP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 54.98, a Stop Loss order could be placed below this zone.
More info and screens
54.34
71.73
When analyzing the support we notice one important area.
- A support zone ranging from 54.89 to 54.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 57.07 to 58.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 60.82 to 64.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @71.02 from a horizontal line in the weekly time frame.
BHP GROUP LTD-SPON ADR
NYSE:BHP (9/22/2023, 7:04:00 PM)
After market: 56.75 0 (0%)56.75
+1.08 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.94%
1 Week-2.91%
2 Weeks3.2%
1 Month2.49%
3 Month-4.32%
6 Month-2.41%
12 Month16.12%
Volatility
ATR(14)1.34
ATR(20)%2.21%
ATR Inc50.74%
Range Today0.79
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.46
Mansfield-0.94
10 Day High59.3
10 Day Low55.62
20 Day High59.3
20 Day Low54.73
52 Week High71.52
52 Week Low46.92
CS1 End54.98
CR1 Start57.07
Volume & EV
DER(3)-5.4%
DER(5)-4.31%
Volume2.72M
Volume Incr-19.05%
Vol(5)2.17M
Vol(50)2.50M