BP PLC-SPONS ADR (BP) Stock Technical Analysis
NYSE:BP - New York Stock Exchange, Inc. - US0556221044 - ADR - Currency: USD
Overall BP gets a technical rating of 0 out of 10. BP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BP is a bad performer in the overall market: 79% of all stocks are doing better.
BP is currently trading in the lower part 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.
BP has an average volume of 12665400 traded shares per day. 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 213 other stocks in this industry, BP did better than 45% of them.
In the last month BP has a been trading in the 27.20 - 30.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
BP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
28.70
34.81
When analyzing the support we notice one important area.
- A support zone ranging from 28.99 to 29.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 29.65 to 30.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.58 from a horizontal line in the daily time frame.
- Resistance @33.51 from a trend line in the weekly time frame.
- Resistance @34.47 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for BP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BP is down. |
| ChartMill Relative Strength | 21.98 | NEGATIVE | BP has a low relative strength, it was outperformed by 78.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.81 | NEUTRAL | The RSI value for BP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 37.94 | NEUTRAL | The Stochastics value for BP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for BP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.27 | NEGATIVE | The low ADX value for BP suggests a weak or negative 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)
29.09
+0.15 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.52%
1 Week-2.25%
2 Weeks-2.28%
1 Month-0.34%
3 Month-14.16%
6 Month-2.12%
12 Month-20.78%
2 Year-13.71%
3 Year-10.13%
5 Year25.71%
10 Year-29.84%
15 Year-32.27%
Volatility
ATR(14)0.64
ATR(20)%2.4%
ATR Inc-14%
Range Today0.5
ADR(20)0.57
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.98
Mansfield-1.08
10 Day High30.82
10 Day Low28.41
20 Day High30.82
20 Day Low27.21
52 Week High37.58
52 Week Low25.22
CS1 End29.06
CR1 Start29.65
Volume & EV
DER(3)0.98%
DER(5)1.18%
Volume7.95M
Volume Incr-40.95%
Vol(5)7.44M
Vol(50)12.67M