NYSE:BP - New York Stock Exchange, Inc. - US0556221044 - ADR - Currency: USD
Overall BP gets a technical rating of 6 out of 10. In the last year, BP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, BP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 31.58, a Stop Loss order could be placed below this zone.
29.53
When analyzing the support we notice one important area.
When analyzing the resistance we notice 2 important areas.
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 | 38.85 | 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) | DOWN | MIXED | The current price of BP is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 60.67 | NEUTRAL | The RSI value for BP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests BP has a positive trend. |
Stochastics (14,3) | 74.64 | NEUTRAL | The Stochastics value for BP is a neutral value. |
Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for BP suggests some volalility. |
Average Directional Index/ADX (14) | 28.36 | POSITIVE | The high ADX value value for BP suggests a strong trend. |
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 |
---|---|---|---|
32.67 | 29.85 | 2.82 (8.65%) | 11.56% |
An entry @32.67. This is a Buy Stop order right above the resistance zone. | An exit @29.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.82 points, which is 8.65%. | For a 1.00% total portfolio risk, you can invest 11.56% of your capital in this trade. |
32.1
-0.54 (-1.65%)