BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA - NYSE:BHP - US0886061086 - ADR
55.75 USD
0 (0%)
55.71 USD
-0.04 (-0.07%)
Taking everything into account, BHP scores 7 out of 10 in our technical rating. Although BHP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BHP is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 76% are performing better than BHP.
Both the short term and long term trends are positive. This is a very positive sign.
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 51.83 - 56.57 range, which is quite wide. It is currently trading near the high of this range.
BHP has an average volume of 2996030 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 44% of them, which is more or less in line with the market.
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
48.45
56.79
When analyzing the support we can see 4 important areas.
- A support zone ranging from 52.98 to 54.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.69 to 52.13. This zone is formed by a combination of multiple trend lines 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.
- Support @48.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.96 to 56.23. This zone is formed by a combination of multiple trend lines 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 | 44.28 | NEUTRAL | BHP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BHP is above 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) | 58.36 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests BHP has a positive trend. |
| Stochastics (14,3) | 86.95 | OVERBOUGHT | The high Stochastics value suggests BHP may be overbought. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for BHP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.81 | 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 |
|---|---|---|---|
| 56.24 | 51.82 | 4.42 (7.86%) | 12.72% |
| An entry @56.24. This is a Buy Stop order right above the resistance zone. | An exit @51.82. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.42 points, which is 7.86%. | When investing 12.72% 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.
55.75
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week4.21%
2 Weeks4.85%
1 Month-0.25%
3 Month10.35%
6 Month32.52%
12 Month-7.96%
2 Year-2.3%
3 Year16.58%
5 Year15.88%
10 Year69.5%
15 Year-32.49%
Volatility
ATR(14)1.07
ATR(20)%1.85%
ATR Inc0.75%
Range Today0.9
ADR(20)0.8
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.28
Mansfield-0.23
10 Day High56.57
10 Day Low51.83
20 Day High56.57
20 Day Low51.83
52 Week High61.03
52 Week Low39.73
CS1 End54.24
CR1 Start55.96
Volume & EV
DER(3)3.26%
DER(5)4.18%
Volume3.72M
Volume Incr39.44%
Vol(5)3.97M
Vol(50)3.00M