BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHP - US0886061086 - ADR
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.
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.
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50.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 56.24 to 57.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.08 to 54.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 52.57 to 53.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 50.57 to 50.65. 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 59.34 to 59.65. 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 | 82.04 | POSITIVE | BHP has a high relative strength, it outperformed 82.04% 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) | 60.37 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests BHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.48 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for BHP suggests low volalility. |
| Average Directional Index/ADX (14) | 19.74 | NEGATIVE | The low ADX value for BHP suggests a weak or negative trend. |
59.27
+0.22 (+0.37%)
BHP GROUP LTD-SPON ADR / BHP 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.
What is the trend direction for BHP stock?
The current trend direction for BHP GROUP LTD-SPON ADR (BHP) is Bullish.
Can you provide the RSI signal for BHP GROUP LTD-SPON ADR?
BHP GROUP LTD-SPON ADR (BHP) has an RSI value of 60.3723. 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.
What is the support and resistance level for BHP stock?
BHP GROUP LTD-SPON ADR (BHP) has a support level at 57.18 and a resistance level at 59.34. Check the full technical report for our detailed analysis of BHP support and resistance levels.