BHP Should I Buy
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BHP Group Ltd is not a strong buy at the moment for a beginner investor with a long-term strategy. While there are positive long-term catalysts such as increasing copper demand and global efforts to secure critical mineral supply chains, the current technical indicators, options data, and recent price performance suggest a neutral stance. The stock has experienced a recent decline in price, and hedge funds are selling heavily. Without strong buy signals from Intellectia Proprietary Trading Signals or recent congressional trading data, it is better to hold off on purchasing at this time.
The MACD is positive and contracting, indicating weakening bullish momentum. RSI is neutral at 57.71, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key support is at 68.426, and resistance is at 74.256. The stock has a 70% chance to decline slightly (-0.1%) in the next day but shows potential for gains over the next week (2.53%) and month (5.81%).
Global efforts to secure critical mineral supply chains, including the US's Project Vault and the Critical Mineral Dominance Act, are long-term positive catalysts. Additionally, copper demand is projected to rise significantly, which could benefit BHP as a major producer.
Hedge funds are selling heavily, with a 36,947.37% increase in selling activity over the last quarter. The stock has recently declined by 3.15% in regular trading, and analysts maintain neutral ratings despite raising price targets. No significant insider or congressional trading activity has been observed.
No financial data is available for analysis.
Analysts have raised price targets recently (e.g., JPMorgan and Citi to 2,600 GBp), but they maintain Neutral ratings. Argus upgraded the stock to Buy in late 2025, citing firming commodity prices and a reversal of a bearish technical pattern.
