Based on the analysis of news sentiment and technical indicators, the predicted stock price for BHP in the next trading week is $48.50.
Recommendation: Sell BHP stock as the indicators suggest a bearish trend with potential resistance and support levels influencing the price downward.
The price of BHP is predicted to go up 8.56%, based on the high correlation periods with XTNT. The similarity of these two price pattern on the periods is 91.17%.
BHP
XTNT
Year
BHP Price Forecast($)
Potential Return(%)
2025
53.000
8.580
2026
58.000
19.640
2027
65.000
34.080
2028
70.000
44.390
2029
65.000
34.080
2030
70.000
44.390
BHP is a beneficiary of continued global economic growth and demand for the commodities it produces.
BHP's Jansen potash project gives it additional diversification, with potash being less correlated to the other commodities it produces.
BHP's iron ore assets are industry-leading. The company remains well placed to continue low-cost production and increase output with minimal expenditure and an efficiency focus.
Jefferies
2025-01-06
Price Target
$57 → $53
Upside
+9.23%
Jefferies
2024-10-04
Price Target
$72 → $68
Upside
+12.37%