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.
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.
45.67
3 important support areas can be observed.
2 important resistance areas can be observed.
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. |
52.71
+0.43 (+0.82%)