BP Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

BP PLC (BP) Moving Averages Convergence Divergence (MACD) indicator is -0.0354, suggesting BP is Sell.

BP PLC (BP) 20-Day simple moving average is 45.954, while BP PLC (BP) share price is $43.34, making it Sell.

BP PLC (BP) 60-Day simple moving average is 43.533, while BP PLC (BP) share price is $43.34, making it Sell.

Technical Analysis for BP

Technical Sentiment Analysis for BP PLC (BP) As of 2026-05-08, BP PLC (BP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 14 technical signals, shows that 6 indicators are flashing buy, while 8 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BP stands at 38.224, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.0354, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 14.098 and the Commodity Channel Index (CCI) at -193.159 further confirm a -2.91 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BP is trading above its 60-day moving average of $43.533 and above its 200-day long-term moving average of $37.584. Key price levels to watch include the immediate resistance at $47.909 and strong support at $43.469. A break above $47.909 could signal a bull continuation, while falling below $43.469 may test the next Fibonacci floor at $41.124.

BP PLC (BP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	39.029	41.124	43.469	45.564	47.909	50.004	52.349
Fibonacci	41.124	42.82	43.868	45.564	47.26	48.308	50.004

BP PLC (BP) Technical Indicators

2026-05-08

Name	Value
RSI_14	38.224
STOCHk_14_3_3	14.098
STOCHd_14_3_3	36.721
CCI_20	-193.159
AO_5_34	-0.948
MOM_10	-2.91
MACD_12_26_9	-0.0354

BP PLC (BP) Relative Strength Index (RSI) is 38.224, creating a Neutral signal.

BP PLC (BP) Stochastic Oscillator is 14.098, creating a Buy signal.

BP PLC (BP) Stochastic RSI is 36.721, creating a Neutral signal.

BP PLC (BP) Commodity Channel Index (CCI) is -193.159, creating a Buy signal.

BP PLC (BP) Awesome Oscillator is -0.948, creating a Sell signal.

BP PLC (BP) Momentum is -2.91, creating a Sell signal.

BP PLC (BP) MACD is -0.0354, creating a Sell signal.

BP PLC (BP) Moving Average

2026-05-08

Period	Simple	Signal
MA_5	45.044	Sell
MA_10	45.813	Sell
MA_20	45.954	Sell
MA_60	43.533	Sell
MA_200	37.584	Buy
MA_250	36.17	Buy

BP PLC (BP) 5-Day simple moving average is 45.044, while BP PLC (BP) share price is $43.34, making it a Sell.

BP PLC (BP) 10-Day simple moving average is 45.813, while BP PLC (BP) share price is $43.34, making it a Sell.

BP PLC (BP) 20-Day simple moving average is 45.954, while BP PLC (BP) share price is $43.34, making it a Sell.

BP PLC (BP) 60-Day simple moving average is 43.533, while BP PLC (BP) share price is $43.34, making it a Sell.

BP PLC (BP) 200-Day simple moving average is 37.584, while BP PLC (BP) share price is $43.34, making it a Buy.

BP PLC (BP) 250-Day simple moving average is 36.17, while BP PLC (BP) share price is $43.34, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for BP?

The overall technical consensus for BP PLC (BP) is currently Sell. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 4 buy signals and 4 sell signals.

What are the key support and resistance levels for BP PLC (BP) today?

Based on pivot point calculations, BP PLC (BP) has an immediate support level at 43.469 and a major resistance level at 47.909. Traders also monitor the pivot point at 45.564 to determine the intraday trend direction.

Is BP PLC (BP) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for BP PLC (BP) is currently 38.224. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for BP PLC (BP)?

BP PLC (BP) Moving Averages Convergence Divergence (MACD) indicator is -0.0354, suggesting BP is Sell. This indicator helps identify potential trend reversals or momentum shifts for BP PLC.

How is BP PLC (BP) performing relative to its 200-day moving average?

BP PLC (BP) is currently trading at $43.34, which is above its 200-day simple moving average of 37.584. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.