BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
NYSE:BHP - New York Stock Exchange, Inc. - US0886061086 - ADR - Currency: USD
Overall BHP gets a technical rating of 8 out of 10. 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 157 other stocks in this industry, of which 69% are performing better than BHP.
The long and short term trends are both positive. This is looking good!
BHP has an average volume of 3144690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, BHP turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
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 48.05 - 55.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BHP has an excellent technical rating, it does not present a decent entry opportunity 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
45.67
55.87
3 important support areas can be observed.
- A support zone ranging from 51.73 to 51.84. 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 48.36 to 49.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.13 to 46.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 53.05 to 53.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.90 to 55.32. 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 | 44.24 | NEUTRAL | BHP is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of BHP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.15 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BHP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.87 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for BHP suggests a possible start of a new 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)
52.71
+0.43 (+0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.82%
1 Week-4.27%
2 Weeks4.65%
1 Month9.61%
3 Month7.95%
6 Month7.24%
12 Month-2.41%
2 Year-15.87%
3 Year-4.23%
5 Year-0.25%
10 Year37.37%
15 Year-27.02%
Volatility
ATR(14)1.23
ATR(20)%2.35%
ATR Inc-23.67%
Range Today0.6
ADR(20)0.89
ADR(20)%1.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.24
Mansfield-0.58
10 Day High55.38
10 Day Low50.44
20 Day High55.38
20 Day Low48.05
52 Week High63.21
52 Week Low39.73
CS1 End51.84
CR1 Start53.05
Volume & EV
DER(3)0.54%
DER(5)0.2%
Volume2.71M
Volume Incr-17.05%
Vol(5)3.09M
Vol(50)3.14M