BP PLC-SPONS ADR (BP)       35  -0.36 (-1.02%)

35  -0.36 (-1.02%)

US0556221044 - ADR - After market: 34.98 -0.02 (-0.06%)

Technical Rating

10

Overall BP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BP is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BP is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by BP over the past year are nicely spread over this period.
BP is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month BP has a been trading in the 32.27 - 36.11 range, which is quite wide. It is currently trading near the high of this range.
BP has an average volume of 10210900 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 391 other stocks in this industry, BP did better than 63% of them.

Statistics

1 Month 3 Months 6 Months 12 Months 3.18% 10.44% 7.83% 27.69% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 93.94 25.33 - 36.11
BP Weekly chart
BP Daily chart

Support/Resistance Analysis


25.70

36.27
We found 7 important support areas.
  • A support zone ranging from 34.36 to 34.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 32.32 to 32.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @29.64 from a trend line in the weekly time frame.
  • Support @28.45 from a trend line in the daily time frame.
  • Support @27.94 from a trend line in the weekly time frame.
  • Support @26.72 from a horizontal line in the daily time frame.
  • Support @25.96 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 35.03 to 35.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

6

Besides having an excellent technical rating, BP also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.99, a Stop Loss order could be placed below this zone.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
35.9234.351.57 (4.37%)22.88%
An entry @35.92. This is a Buy Stop order right above the resistance zone.An exit @34.35. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 1.57 points, which is 4.37%.When investing 22.88% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BP Daily chart

BP PLC-SPONS ADR35

NYSE:BP (12/5/2022, 4:51:09 PM)-0.36 (-1.02%)

After market: 34.98 -0.02 (-0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -1.02% 1 Week 0.78%
2 Weeks 2.82% 1 Month 3.18%
3 Month 10.44% 6 Month 7.83%
Volatility
ATR(14) 0.86 ATR(20)% 2.49%
ATR Inc 4.3% Range Today 1.14
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 93.94 Mansfield 1.73
10 Day High 36.11 10 Day Low 32.3
20 Day High 36.11 20 Day Low 32.28
52 Week High 36.11 52 Week Low 25.33
CS1 End 34.99 CR1 Start 35.03
Volume & EV
DER(3) -0.4% DER(5) 1.5%
Volume 7.16M Volume Incr -9.37%
Vol(5) 8.65M Vol(50) 10.21M

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