BP PLC-SPONS ADR (BP) Stock Technical Analysis
USA - NYSE:BP - US0556221044 - ADR
33.49 USD
-0.8 (-2.33%)
33.45 USD
-0.04 (-0.12%)
Overall BP gets a technical rating of 5 out of 10. BP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month BP has a been trading in the 33.47 - 35.88 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
BP is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. BP outperforms 73% of them.
BP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BP is lagging the market slightly.
BP has an average volume of 7065440 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 has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
31.51
36.06
2 important support areas can be observed.
- A support zone ranging from 33.48 to 33.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 33.64 to 34.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.31 to 35.70. 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 | NEUTRAL | NEUTRAL | The short term trend for BP is neutral. |
| ChartMill Relative Strength | 56.59 | NEUTRAL | BP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BP is below 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) | 40.92 | NEUTRAL | The RSI value for BP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests BP has a negative trend. |
| Stochastics (14,3) | 18.33 | OVERSOLD | The low Stochastics value suggests BP may be oversold. |
| Average True Range in percent/ATR (20) | 1.79 | LOW VOLATILITY | The low ATR as a percentage value for BP suggests low volalility. |
| Average Directional Index/ADX (14) | 13.96 | 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)
33.49
-0.8 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.33%
1 Week-1.96%
2 Weeks-6.16%
1 Month-1.18%
3 Month2.6%
6 Month25.95%
12 Month4.3%
2 Year-8.45%
3 Year0.63%
5 Year116.34%
10 Year-6.19%
15 Year-17.92%
Volatility
ATR(14)0.66
ATR(20)%1.79%
ATR Inc25.95%
Range Today0.65
ADR(20)0.47
ADR(20)%1.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.59
Mansfield-0.2
10 Day High35.3
10 Day Low33.47
20 Day High35.88
20 Day Low33.47
52 Week High35.88
52 Week Low25.22
CS1 End33.48
CR1 Start33.64
Volume & EV
DER(3)-3.43%
DER(5)-3.67%
Volume7.54M
Volume Incr-7.02%
Vol(5)5.87M
Vol(50)7.07M