BP Technical Signal Analysis
BP have 2 buy signals and 3 sell signals now. The current trend is consolidation starting from 2025-03-11. The total price change during this trend is +1.22%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of BP over last 5 trading day is $298,063,507.16
2 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
Moving Average
5-day SMA crosses above 200-day SMA
--
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-0.55
Bearish
Momentum (10 days)
MOM_10 < 0
-0.75
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-0.11
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Moving Average
5-day SMA crosses above 10-day SMA
--
Bullish
Moving Average
5-day SMA crosses above 200-day SMA
--
Bullish
BP Support and Resistance Level
The support levels for BP are at 31.23, 30.66, and 29.73, while the resistance levels are at 33.09, 33.66, and 34.59. With the current stock price at 32.37, it is leaning more toward the resistance levels.
BP Technical Analysis
Technical Analysis of BP Stock
Current Price and Trend:
- Current Price: $32.15 (as of 2025-03-07)
- The stock closed at $32.07 on the previous trading day, showing a slight increase.
Technical Indicators:
- RSI (14): 45.45 (Neutral)
- MACD: -0.06 (Bearish signal)
- Stochastic Oscillator: 20.02/15.74 (Oversold region)
- Fibonacci Levels:
- Pivot: $32.47
- R1: $33.60
- S1: $31.34
Bollinger Bands:
- The stock is near the lower band, suggesting potential undervaluation.
Moving Averages:
- SMA 20: $33.43
- SMA 50: $32.13
Recommendation:
Based on the analysis, it is advised to sell BP stock at the current price of $32.15. The indicators suggest a bearish trend, and the stock is near support levels, indicating potential further decline.
BP FAQs
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Is BP a buy based on overall technical signals summary?
BP Buy or Sell
BP has 2 buy signals and 3 sell signals now. Overall the technical rating for BP is Neutral.
Neutral
Sell
3
Buy
2
BP 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 positive trend with the 32.37 above the SMA_5. In the short term, the stock shows a negative trend with the 32.17 below the SMA_20. In the mid term, the stock shows a positive trend with the 33.07 above the SMA_60. In the long term, the stock shows a negative trend with the 31.6 below the SMA_200.
Swing
Positive
Stock Price Above 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 BP's current trend?What are BP's key support and resistance levels?