BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
NYSE:BHP - New York Stock Exchange, Inc. - US0886061086 - ADR - Currency: USD
We assign a technical rating of 1 out of 10 to BHP. BHP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture 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.
75% of all other stocks performed better in the past year than BHP.
BHP is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 72% are performing better than BHP.
BHP has an average volume of 2703880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BHP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BHP is lagging the market.
In the last month BHP has a been trading in the 45.74 - 51.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, BHP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 48.69. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.50, a Stop Loss order could be placed below this zone.
More info and screens
45.67
56.11
2 important support areas can be observed.
- A support zone ranging from 46.97 to 47.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @46.13 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 48.87 to 48.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.93 to 51.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @52.68 from a horizontal line in the daily time frame.
- Resistance @55.55 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for BHP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BHP is neutral. |
| ChartMill Relative Strength | 25.83 | NEGATIVE | BHP has a low relative strength, it was outperformed by 74.17% off all stocks 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 | MIXED | The current price of BHP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.03 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests BHP has a positive trend. |
| Stochastics (14,3) | 51.22 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | 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)
48.67
+0.58 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.21%
1 Week2.92%
2 Weeks-0.47%
1 Month-1.54%
3 Month15.69%
6 Month-0.29%
12 Month-18.19%
2 Year-22.31%
3 Year-11.57%
5 Year-7.89%
10 Year26.84%
15 Year-32.62%
Volatility
ATR(14)1.01
ATR(20)%2.02%
ATR Inc-13.38%
Range Today0.83
ADR(20)0.66
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.83
Mansfield-1.2
10 Day High48.88
10 Day Low45.74
20 Day High51.05
20 Day Low45.74
52 Week High63.21
52 Week Low39.73
CS1 End48.5
CR1 Start48.69
Volume & EV
DER(3)0.31%
DER(5)0.61%
Volume2.49M
Volume Incr5.76%
Vol(5)2.97M
Vol(50)2.70M