BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHP - US0886061086 - ADR
Taking everything into account, BHP scores 10 out of 10 in our technical rating. 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.
Although BHP has an excellent technical rating, it does not offer a high quality setup 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
52.04
We found 2 important support areas.
- A support zone ranging from 55.18 to 55.42. 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.
We found 1 important resistance area.
- A resistance zone ranging from 61.90 to 62.18. 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 | 80.06 | POSITIVE | BHP has a high relative strength, it outperformed 80.06% 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) | 55.75 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.05 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.93 | LOW VOLATILITY | The low ATR as a percentage value for BHP suggests low volalility. |
| Average Directional Index/ADX (14) | 25.41 | POSITIVE | The high ADX value value for BHP suggests a strong trend. |
61.72
-1.23 (-1.95%)
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.
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 GROUP LTD-SPON ADR (BHP) stock?
BHP GROUP LTD-SPON ADR (BHP) has an RSI value of 55.7534. This indicates that the stock is currently neutral.
What is the MACD signal for BHP GROUP LTD-SPON ADR (BHP) stock?
The MACD indicator for BHP GROUP LTD-SPON ADR (BHP) has a value of 0.0388795, indicating a bearish trend.
Can you provide the support and resistance levels for BHP GROUP LTD-SPON ADR?
BHP GROUP LTD-SPON ADR (BHP) has a support level at 55.42 and a resistance level at 61.9. Check the full technical report for our detailed analysis of BHP support and resistance levels.