BP PLC-SPONS ADR (BP) Stock Technical Analysis
NYSE:BP - US0556221044 - ADR
34.925 USD
+0.25 (+0.74%)
Taking everything into account, BP scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BP is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
BP is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. BP outperforms 76% of them.
BP 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 BP has a been trading in the 31.59 - 35.00 range, which is quite wide. It is currently trading near the high of this range.
BP has an average volume of 9411400 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 67% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, BP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.68. Right above this resistance zone may be a good entry point.
More info and screens
31.42
35.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 34.35 to 34.68. 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 32.38 to 33.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.74 to 31.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.01 to 35.32. 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 BP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BP is up. |
| ChartMill Relative Strength | 67.42 | NEUTRAL | BP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.63 | NEUTRAL | The RSI value for BP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BP has a negative trend. |
| Stochastics (14,3) | 90.71 | OVERBOUGHT | The high Stochastics value suggests BP may be overbought. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for BP suggests low volalility. |
| Average Directional Index/ADX (14) | 36.23 | POSITIVE | The high ADX value value for BP suggests a strong 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 35.33 | 33.68 | 1.65 (4.68%) | 21.35% |
| An entry @35.33. This is a Buy Stop order right above the resistance zone. | An exit @33.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.65 points, which is 4.68%. | For a 1.00% total portfolio risk, you can invest 21.35% 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.
NYSE:BP (8/27/2025, 3:52:08 PM)
34.925
+0.25 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.74%
1 Week2.51%
2 Weeks1.76%
1 Month5.19%
3 Month19.14%
6 Month4.68%
12 Month2.09%
2 Year-6.75%
3 Year12.42%
5 Year65.65%
10 Year3.37%
15 Year-0.46%
Volatility
ATR(14)0.53
ATR(20)%1.81%
ATR Inc-15.41%
Range Today0.61
ADR(20)0.54
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.42
Mansfield0.16
10 Day High35
10 Day Low33.69
20 Day High35
20 Day Low31.59
52 Week High35.55
52 Week Low25.22
CS1 End33.03
CR1 Start34.68
Volume & EV
DER(3)1.54%
DER(5)2.25%
Volume6.21M
Volume Incr-30.21%
Vol(5)5.83M
Vol(50)9.41M