BHP GROUP LTD-SPON ADR (BHP) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BHP • US0886061086
We assign a technical rating of 10 out of 10 to BHP. Both in the recent history as in the last year, BHP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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!
- When comparing the yearly performance of all stocks, we notice that BHP is one of the better performing stocks in the market, outperforming 89% of all stocks.
- BHP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BHP has a been trading in the 61.38 - 74.98 range, which is quite wide. It is currently trading near the high of this range.
- BHP has an average volume of 3602150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although BHP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
52.62
5 important support areas can be observed.
- A support zone ranging from 68.73 to 69.03. 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 66.59 to 66.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @64.22 from a trend line in the daily time frame.
- Support @56.75 from a trend line in the weekly time frame.
- Support @53.15 from a horizontal line in the daily 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 | 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 | 89.76 | POSITIVE | BHP has a high relative strength, it outperformed 89.76% 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) | 69.6 | NEUTRAL | The RSI value for BHP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BHP has a positive trend. |
| Stochastics (14,3) | 61.29 | NEUTRAL | The Stochastics value for BHP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for BHP suggests some volalility. |
| Average Directional Index/ADX (14) | 34.66 | POSITIVE | The high ADX value value for BHP suggests a strong trend. |
72.74
+3.35 (+4.83%)
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 69.5953. 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 0.364004, 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 69.03. Check the full technical report for our detailed analysis of BHP support and resistance levels.