BHP GROUP LTD-SPON ADR (BHP) Technical Analysis
NYSE:BHP • US0886061086
Current stock price
BHP Technical Rating and Analysis
Taking everything into account, BHP scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BHP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, BHP did better than 86% 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- BHP has an average volume of 3416590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BHP is an average performer in the Metals & Mining industry, it outperforms 55% of 163 stocks in the same industry.
BHP Weekly and Daily overview Charts
BHP Setup Rating and Analysis
Besides having an excellent technical rating, BHP also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 79.05, a Stop Loss order could be placed below this zone.
More info and screens
BHP Support and Resistance Analysis
60.14
We found 4 important support areas.
- A support zone ranging from 77.06 to 79.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.60 to 69.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.45 from a trend line in the daily time frame.
- Support @60.75 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @81.57 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 83.01 to 83.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
BHP Technical Indicator Signal Analysis
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 | 86.76 | POSITIVE | BHP has a high relative strength, it outperformed 86.76% 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) | 57 | 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) | 39.67 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.21 | NEGATIVE | The low ADX value for BHP suggests a weak or negative trend. |
BHP Chart- and CandleStick Pattern Analysis
BHP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 79.10 | 77.05 | 2.05 (2.59%) | 25.00% |
| An entry @79.10. This is a Buy Stop order right above the 10 day moving average. | An exit @77.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.05 points, which is 2.59%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.65%. |
- The distance between exit and entry is rather small compared to the average daily movement of BHP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BHP Technicals: Chart, Performance Metrics, Trend & Indicators
79.06
-0.24 (-0.3%)
BHP GROUP LTD-SPON ADR / BHP TA 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 stock?
BHP GROUP LTD-SPON ADR (BHP) has an RSI value of 56.9957. 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 positive.
Can you provide the buy/sell signal for BHP GROUP LTD-SPON ADR?
The buy/sell signal for BHP GROUP LTD-SPON ADR (BHP) is buy as both the short term and long term trends are positive.