BHP Technical Signal Analysis
BHP have 2 buy signals and 4 sell signals now. The current trend is consolidation starting from 2025-03-06. The total price change during this trend is -4.02%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of BHP over last 5 trading day is $189,994,244.25
2 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-109.27
Bullish
Williams %R (14 days)
WILLR_14 < -80
-83.19
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.89
Bearish
Momentum (10 days)
MOM_10 < 0
-0.71
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.32
Bearish
Moving Average
5-day SMA crosses below 10-day SMA
--
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-109.27
Bullish
Williams %R (14 days)
WILLR_14 < -80
-83.19
Bullish
BHP Support and Resistance Level
The support levels for BHP are at 48.4, 47.75, and 46.68, while the resistance levels are at 50.53, 51.18, and 52.24. With the current stock price at 48.65, it is leaning more toward the support levels.
BHP Technical Analysis
Comprehensive Technical Analysis of BHP Stock
**Current Price and Key Levels:
- Current Price: $50.15
- Fibonacci Pivot: $49.83
- Resistance Levels:
- R1: $51.13
- R2: $51.93
- Support Levels:
- S1: $48.54
- S2: $47.74
Technical Indicators:
- RSI (6, 12, 14): 50.11, 49.48, 49.48 (Neutral)
- Stochastic Oscillator (14, 3, 3): K=55.39, D=45.77 (Bullish Crossover)
- MACD (12, 26, 9): -0.07 (Bearish Signal, but Histogram at 0 indicates potential crossover)
- Bollinger Bands:
- Lower Band: $47.62
- Middle Band: $50.57
- Upper Band: $53.52
- Band Width: 11.66% (Stable)
Moving Averages:
- SMA (5): $49.92
- SMA (10): $49.95
- SMA (20): $50.57
- SMA (60): $50.09
- SMA (200): $53.58
**Analysis and Recommendation:
The stock is currently testing the Fibonacci pivot and the middle Bollinger Band. While the Stochastic Oscillator suggests a bullish crossover, the MACD indicates a bearish signal. The mixed moving averages (bullish short-term, bearish long-term) further complicate the outlook. Given the proximity to resistance levels and the bearish MACD, there is potential selling pressure.
Recommendation: SELL BHP at $50.15, with a stop-loss above $51.13.
BHP FAQs
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BHP Buy or Sell
BHP has 2 buy signals and 4 sell signals now. Overall the technical rating for BHP is Sell.
Sell
Sell
4
Buy
2
BHP Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 48.65 below the SMA_5. In the short term, the stock shows a negative trend with the 49.31 below the SMA_20. In the mid term, the stock shows a positive trend with the 50.29 above the SMA_60. In the long term, the stock shows a negative trend with the 49.81 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about BHP's current trend?What are BHP's key support and resistance levels?