BP PLC-SPONS ADR (BP)       32.68  +0.31 (+0.96%)

32.68  +0.31 (+0.96%)

US0556221044 - ADR

Technical Rating

Overall BP gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BP has proven to be a steady performer, scoring decent points in every aspect analyzed.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BP did better than 92% of all other stocks.
BP is currently trading in the upper part of its 52 week range. This is a good signal, certainly because the S&P500 Index is currently trading in the lower part of its 52 week range.
In the last month BP has a been trading in the 28.16 - 32.44 range, which is quite wide. It is currently trading near the high of this range.
BP has an average volume of 13790900. This is a good sign as it is always nice to have a liquid stock.
BP is part of the Oil, Gas & Consumable Fuels industry. There are 405 other stocks in this industry, BP did better than 48% of them.

Statistics

1 Month 3 Months 6 Months 12 Months 13.18% 5.34% 24.69% 23.41% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 92.75 22.64 - 34.16
BP Weekly chart
BP Daily chart

Support/Resistance Analysis


27.58

33.68
4 important support areas can be observed.
  • Support @32.38 from a horizontal line in the daily time frame.
  • A support zone ranging from 30.31 to 31.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @29.40 from a trend line in the weekly time frame.
  • A support zone ranging from 27.86 to 28.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 33.24 to 33.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

BP has an excellent technical rating, but the quality of the setup is only medium 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.


BP Daily chart

BP PLC-SPONS ADR32.68

NYSE:BP (5/26/2022, 1:39:05 PM)+0.31 (+0.96%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 0.96% 1 Week 4.05%
2 Weeks 7.11% 1 Month 13.18%
3 Month 5.34% 6 Month 24.69%
Volatility
ATR(14) 1.02 ATR(20)% 3.27%
ATR Inc -48.72% Range Today 0.38
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 92.75 Mansfield 2.74
10 Day High 32.44 10 Day Low 28.93
20 Day High 32.44 20 Day Low 28.16
52 Week High 34.16 52 Week Low 22.64
CS1 End 31.26 CR1 Start 32.38
Volume & EV
DER(3) 1.35% DER(5) 2%
Volume 7.96M Volume Incr -22.37%
Vol(5) 11.54M Vol(50) 13.79M

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