BHP Price Prediction Next Week
Technical Analysis Based on the Fibonacci levels, BHP is currently trading near the S1 support of $48.66. The RSI(14) at 49.36 indicates neutral momentum, while the negative MACD (-0.37) suggests a bearish trend in the short term.
News Impact Recent news reveals several key factors affecting BHP's price:
- BHP has decided against acquiring Anglo American due to the latter's 40% share price increase, while BHP's shares declined 17% over the past year
- The company disclosed $120,000 in lobbying expenses for Q4 2024, focusing on critical minerals and mining reform
- Institutional investor sentiment appears mixed, with 255 investors increasing positions while 334 reduced their holdings
Price Prediction for Next Week Based on technical indicators and news sentiment:
Target Prices:
- Resistance: $50.28 (Fibonacci R1)
- Support: $48.66 (Fibonacci S1)
- Expected trading range: $48.66 - $50.28
Recommendation: HOLD The stock is likely to remain range-bound between the Fibonacci levels. The mixed institutional sentiment and recent decision to abandon the Anglo American acquisition suggest limited upside potential in the short term. The current price level near S1 support provides some downside protection, but the negative MACD indicates continued bearish pressure.
Expected price by end of next week: $49.47 (Fibonacci pivot level)
BHP Similar Chart Price Prediction
The price of BHP is predicted to go up -4.54%, based on the high correlation periods with KELYA. The similarity of these two price pattern on the periods is 97.71%.
BHP
KELYA
Down: -4.54%Similarity: 97.71%
BHP Stock Forecast & Prediction For Years 2025, 2026, 2027, 2028, 2029 and 2030
Year
BHP Price Forecast($)
Potential Return(%)
2025
53.000
8.580
2026
55.000
12.680
2027
60.000
22.930
2028
65.000
33.170
2029
65.000
34.050
2030
65.000
34.050
What is BHP stock price prediction 2025 ?
What is BHP stock price prediction 2026 ?
What is BHP stock price prediction 2027 ?
What is BHP stock price prediction 2028 ?
What is BHP stock price prediction 2029 ?
What is BHP stock price prediction 2030 ?
BHP Revenue Forecast
BHP EPS Forecast
BHP VS S&P500
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.
BHP Analyst's Forecast
Christopher LeFemina
Jefferies
Strong Buy → Hold
Price Target
$72 → $68
Upside
+12.37%
Jefferies analyst Christopher LaFemina downgraded BHP Group to Hold from Buy with a price target of $68, down from $72. The firm cites the recent strong performance of the shares, risk that BHP bids again for Anglo after the six-month restriction period ends in late November, and upside risk to BHP's capex in the medium term for the downgrade. The downgrade is based more on capex and acquisition risk than on valuation, although BHP shares have recently re-rated versus major peers and now trade at a premium on 2026 estimates, the analyst tells investors in a research note.