BP PLC-SPONS ADR (BP)
US0556221044 - ADR
Taking everything into account, BP scores 8 out of 10 in our technical rating. Although BP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
BP is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry, of which 61% are performing better than BP.
Both the short term and long term trends are positive. This is a very positive sign.
BP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BP is performing more or less in line with the market.
In the last month BP has a been trading in the 37.19 - 40.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
BP has an average volume of 9283060 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 55% of them, which is more or less in line with the market.
Besides having an excellent technical rating, BP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 40.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.91, a Stop Loss order could be placed below this zone.
More info and screens
33.34
41.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 38.26 to 38.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 35.89 to 36.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 34.68 to 35.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.68 to 33.84. 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 40.65 to 41.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.3
Mansfield-0.26
10 Day High40.4
10 Day Low37.87
20 Day High40.4
20 Day Low37.19
52 Week High40.84
52 Week Low33.52
Performance
1 Week2.53%
2 Weeks-0.2%
1 Month4.71%
3 Month10.41%
6 Month1.81%
12 Month-2.33%
2 Year36.98%
3 Year56.36%
5 Year-10.04%
10 Year-22.28%
15 Year-7.35%
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)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)62.28
LBB38.01
UBB39.9
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 40.41 | 38.25 | 2.16 (5.35%) | 18.71% |
| An entry @40.41. This is a Buy Stop order right above the 10 day high. | An exit @38.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.16 points, which is 5.35%. | For a 1.00% total portfolio risk, you can invest 18.71% of your capital in this trade. |
- 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 PLC-SPONS ADR
NYSE:BP (4/24/2024, 7:04:01 PM)
Premarket: 39.41 +0.07 (+0.18%)39.34
+0.05 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.13%
1 Week2.53%
2 Weeks-0.2%
1 Month4.71%
3 Month10.41%
6 Month1.81%
12 Month-2.33%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.74
ATR(20)%1.73%
ATR Inc
Range Today0.5
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High40.4
10 Day Low37.87
20 Day High40.4
20 Day Low37.19
52 Week High40.84
52 Week Low33.52
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.04M
Volume Incr3.84%
Vol(5)11.09M
Vol(50)9.28M