Technical Analysis:
BHP's stock shows a clear upward trend over the past week, with the price rising from $55.89 to $57.23. The stock has formed higher lows and higher highs, indicating bullish momentum.
Price Levels and Volume Analysis:
- Current price: $51.55 (as of Feb 14, 2025)
- Support level: $55.48 (recent low)
- Resistance level: $57.61 (recent high)
- Volume has been relatively stable, averaging around 2.5M shares daily
News Impact:
- Recent analyst ratings show mixed sentiment:
- UBS maintains Hold rating with PT A$42.00
- Morgans maintains Buy rating with PT A$49.70
- Positive insider sentiment with increased insider buying activity
- Strong financial performance with latest quarterly revenue of $28.57B and net profit of $6.97B, showing significant growth from previous year
Price Prediction for Next Week:
Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): $52.50-$53.00
- Bearish scenario (40% probability): $50.50-$51.00
Trading Recommendation: SELL
Rationale:
- Current price shows signs of resistance at $57.61
- Mixed analyst ratings suggest limited upside potential
- Recent price decline from $57.23 to $51.55 indicates weakening momentum
- Aluminum tariff concerns could impact future performance
Target Prices:
- Entry: Current price ($51.55)
- Stop Loss: $53.00
- Take Profit: $50.00
Note: The market is currently closed (weekend). Execute trades when market reopens.
Technical Analysis:
BHP's stock shows a clear upward trend over the past week, with the price rising from $55.89 to $57.23. The stock has formed higher lows and higher highs, indicating bullish momentum.
Price Levels and Volume Analysis:
- Current price: $51.55 (as of Feb 14, 2025)
- Support level: $55.48 (recent low)
- Resistance level: $57.61 (recent high)
- Volume has been relatively stable, averaging around 2.5M shares daily
News Impact:
- Recent analyst ratings show mixed sentiment:
- UBS maintains Hold rating with PT A$42.00
- Morgans maintains Buy rating with PT A$49.70
- Positive insider sentiment with increased insider buying activity
- Strong financial performance with latest quarterly revenue of $28.57B and net profit of $6.97B, showing significant growth from previous year
Price Prediction for Next Week:
Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): $52.50-$53.00
- Bearish scenario (40% probability): $50.50-$51.00
Trading Recommendation: SELL
Rationale:
- Current price shows signs of resistance at $57.61
- Mixed analyst ratings suggest limited upside potential
- Recent price decline from $57.23 to $51.55 indicates weakening momentum
- Aluminum tariff concerns could impact future performance
Target Prices:
- Entry: Current price ($51.55)
- Stop Loss: $53.00
- Take Profit: $50.00
Note: The market is currently closed (weekend). Execute trades when market reopens.