BP PLC-SPONS ADR (BP)

US0556221044 - ADR

34.68  -0.87 (-2.45%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to BP. BP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



BP is part of the Oil, Gas & Consumable Fuels industry. There are 375 other stocks in this industry. BP outperforms 79% of them.
BP has an average volume of 8502960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, BP outperforms 66% of them, which is more or less in line with the market.
BP is currently trading in the middle 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 slightly.
In the last month BP has a been trading in the 34.99 - 40.42 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -11.74% -10.45% 0.79% 9.18% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 66.98 25.365 - 41.38
BP Weekly chart
BP Daily chart

Support/Resistance Analysis


25.70

41.43
When analyzing the support we can see 3 important areas.
  • Support @29.41 from a trend line in the weekly time frame.
  • Support @27.61 from a trend line in the weekly time frame.
  • Support @25.96 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
  • A resistance zone ranging from 35.01 to 36.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 40.65 to 41.02. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

The technical rating of BP is bad and it also does not present a 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.


BP Daily chart

BP PLC-SPONS ADR

NYSE:BP (5/30/2023, 1:00:09 PM)

34.68

-0.87 (-2.45%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.45%
1 Week-1.33%
2 Weeks-0.73%
1 Month-11.74%
3 Month-10.45%
6 Month0.79%
12 Month9.18%
Volatility
ATR(14)0.68
ATR(20)%2.39%
ATR Inc4.46%
Range Today0.41
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.98
Mansfield-0.1
10 Day High36.49
10 Day Low34.99
20 Day High40.42
20 Day Low34.99
52 Week High41.38
52 Week Low25.37
CS1 End35.54
CR1 Start35.74
Volume & EV
DER(3)2.3%
DER(5)0.37%
Volume4.02M
Volume Incr-15.98%
Vol(5)7.82M
Vol(50)8.50M
Technical Stock Screener Links
Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA

Screen Image

Best Technical Competitors Stock Screener

Find the competitors with the best technical ratings on the USA

Screen Image

Best Technical Setups Competitors Stock Screener

Find the competitors with the best technical and setup ratings on the USA