BHP GROUP LTD-SPON ADR (BHP) Technical Analysis
NYSE:BHP • US0886061086
Current stock price
BHP Technical Rating and Analysis
Overall BHP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BHP is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, BHP did better than 87% of all other stocks. We also observe that the gains produced by BHP over the past year are nicely spread over this period.
- BHP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BHP has a been trading in the 68.20 - 81.26 range, which is quite wide. It is currently trading near the high of this range.
- BHP has an average volume of 3650090 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 59% of 163 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
BHP Weekly and Daily overview Charts
BHP Setup Rating and Analysis
Besides having an excellent technical rating, BHP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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 79.81, a Stop Loss order could be placed below this zone.
More info and screens
BHP Support and Resistance Analysis
59.82
4 important support areas can be observed.
- A support zone ranging from 79.42 to 79.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.47 to 77.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 68.88 to 69.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @60.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @81.57 from a horizontal line in the weekly 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 | 87.86 | POSITIVE | BHP has a high relative strength, it outperformed 87.86% 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) | 61.81 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests BHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.23 | OVERBOUGHT | The high Stochastics value suggests BHP may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.38 | 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 |
|---|---|---|---|
| 81.58 | 79.41 | 2.17 (2.66%) | 25.00% |
| An entry @81.58. This is a Buy Stop order right above the resistance zone. | An exit @79.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.17 points, which is 2.66%. | For a 0.66% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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
79.82
-0.02 (-0.03%)
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 61.8097. 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.