BP PLC (BP..L)

GB0007980591 - Common Stock

524.8  -1.5 (-0.29%)

Technical Rating and Analysis

8

Overall BP. gets a technical rating of 8 out of 10. Although BP. is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
In the last month BP. has a been trading in the 489.40 - 540.90 range, which is quite wide. It is currently trading near the high of this range.
BP. has an average volume of 11505800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, BP. outperforms 56% of them, which is more or less in line with the market.
BP. is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BP. is lagging the market slightly.
Weekly and Daily overview Charts
BP. Weekly chart
BP. Daily chart
Setup Rating and Analysis

7

BP. has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 522.32, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

451.94

566.82

We found 3 important support areas.

  • A support zone ranging from 515.66 to 522.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @484.94 from a trend line in the daily time frame.
  • A support zone ranging from 456.50 to 465.74. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • Resistance @541.10 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 560.00 to 561.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.87
Mansfield-0.14
10 Day High540.9
10 Day Low504.6
20 Day High540.9
20 Day Low489.4
52 Week High567.2
52 Week Low441.1
Performance
1 Week2.71%
2 Weeks1.21%
1 Month5.3%
3 Month13.81%
6 Month-0.79%
12 Month-1.52%
2 Year34.41%
3 Year73.7%
5 Year-5.85%
10 Year5.43%
15 Year9.08%
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)
Technical Indicators
MACD(12,26,9)-0.56
RSI(14)62.73
LBB506.18
UBB535.12
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
541.11515.6525.46 (4.71%)21.25%
An entry @541.11. This is a Buy Stop order right above the resistance zone.An exit @515.65. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 25.46 points, which is 4.71%.For a 1.00% total portfolio risk, you can invest 21.25% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BP. Daily chart

BP PLC

LON:BP. (4/26/2024, 5:35:15 PM)

524.8

-1.5 (-0.29%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.29%
1 Week2.71%
2 Weeks1.21%
1 Month5.3%
3 Month13.81%
6 Month-0.79%
12 Month-1.52%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)11.1
ATR(20)%1.96%
ATR Inc
Range Today8.35
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High540.9
10 Day Low504.6
20 Day High540.9
20 Day Low489.4
52 Week High567.2
52 Week Low441.1
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume9.86M
Volume Incr-24.23%
Vol(5)9.41M
Vol(50)11.51M