BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA - NYSE:BHP - US0886061086 - ADR
55.29 USD
-0.5 (-0.9%)
55.35 USD
+0.06 (+0.11%)
Overall BHP gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BHP is only an average performer.
BHP is part of the Metals & Mining industry. There are 155 other stocks in this industry, of which 76% are performing better than BHP.
The long and short term trends are both positive. This is looking good!
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.
In the last month BHP has a been trading in the 53.47 - 57.58 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 3287270 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 40% of them, which is more or less in line with the market.
Besides having an excellent technical rating, BHP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 54.91, a Stop Loss order could be placed below this zone.
More info and screens
50.14
57.38
We found 2 important support areas.
- A support zone ranging from 52.13 to 54.91. 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 55.74 to 56.81. 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 | UP | POSITIVE | The short term trend for BHP is up. |
| ChartMill Relative Strength | 40.92 | 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 | 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) | 49.63 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests BHP has a negative trend. |
| Stochastics (14,3) | 53.84 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.47 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 10.34 | NEGATIVE | The low ADX value for BHP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 56.82 | 53.46 | 3.36 (5.91%) | 16.92% |
| An entry @56.82. This is a Buy Stop order right above the resistance zone. | An exit @53.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.36 points, which is 5.91%. | When investing 16.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
55.29
-0.5 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.9%
1 Week-1.76%
2 Weeks-1.34%
1 Month-0.72%
3 Month4.03%
6 Month14.69%
12 Month-2.04%
2 Year-3.1%
3 Year15.62%
5 Year14.92%
10 Year68.11%
15 Year-33.05%
Volatility
ATR(14)1.42
ATR(20)%2.47%
ATR Inc-41.39%
Range Today0.85
ADR(20)1.12
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.92
3 months CRS58.92
6 months CRS57.98
Mansfield-0.25
10 Day High57.39
10 Day Low53.47
20 Day High57.58
20 Day Low53.47
52 Week High58.51
52 Week Low39.73
CS1 End54.91
CR1 Start55.74
Volume & EV
DER(3)1.19%
DER(5)0.71%
Volume3.24M
Volume Incr-13.53%
Vol(5)3.29M
Vol(50)3.29M