BP PLC-SPONS ADR (BP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BP - US0556221044 - ADR
Overall BP gets a technical rating of 3 out of 10. BP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
BP has a poor technical rating and the quality of the setup is also 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.
More info and screens
32.44
When analyzing the support we notice one important area.
- A support zone ranging from 32.77 to 33.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 34.75 to 35.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.33 to 36.59. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 37.35 to 37.36. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for BP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BP is down. |
| ChartMill Relative Strength | 62.75 | 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) | 42.9 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 33.28 | NEUTRAL | The Stochastics value for BP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for BP suggests low volalility. |
| Average Directional Index/ADX (14) | 24.09 | NEUTRAL | The ADX value for BP suggests a possible start of a new trend. |
NYSE:BP (12/29/2025, 4:00:02 PM)
34.45
+0.18 (+0.53%)
BP PLC-SPONS ADR / BP FAQ
Can you provide the ChartMill technical rating for BP PLC-SPONS ADR?
ChartMill assigns a technical rating of 3 / 10 to BP.
What is the trend direction for BP stock?
The current trend direction for BP PLC-SPONS ADR (BP) is Bullish.
What is the RSI signal for BP PLC-SPONS ADR (BP) stock?
BP PLC-SPONS ADR (BP) has an RSI value of 42.9033. This indicates that the stock is currently neutral.
What is the MACD signal for BP PLC-SPONS ADR (BP) stock?
The MACD indicator for BP PLC-SPONS ADR (BP) has a value of -0.12455, indicating a bearish trend.
What is the support and resistance level for BP stock?
BP PLC-SPONS ADR (BP) has a support level at 33.51 and a resistance level at 34.33. Check the full technical report for our detailed analysis of BP support and resistance levels.