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BHP Group (BHP)

2,212.00p

08:40 05/03/21

  • -0.20% -4.50p
  • Today's Low & High
  • 2,183.00 / 2,214.00
  • Open / Previous Close
  • 2,205.00 / 2,216.50
  • 52-week range
  • 57.33% 806.00p
  • Volume
  • 934,618
  • Market Cap(million)
  • £46,718.97m

1,511.40p REAL TIME BATS

  • 16:30 04/02/21
  • 0.00%
  • 0.00p

Technical Analysis

Support and resistance levels

S1

2,079.93
-6.16%

R1

2,373.33
7.08%

S2

1,924.12
-13.19%

R2

2,518.33
13.62%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2,186.17
  • 2,155.83
  • Levels of negotiation support resistance
  • 2,258.67
  • 2,300.83

Technical situation

Monitor critical support in 2079.933, weakness below.

Recommendation

Short term comment

Technically speaking, type movement bullish but very close to the support and critical area that today generates the upward guideline in 2079.933 levels. The 2079.933 - 1924.124 range represents an area of ??greater neutrality, so the loss of 2079.933 would prevent a bullish rating.

Long term comment

After a 98.7% revaluation of the previous rise, and a downward phase of -20.4% started in november 2020 at 1821.218, and finished at the lows of 1449.378 (7-december-2020), the current rise has exceeded the previous highs , at 1821.218, reaching at the moment 2382.477 (26-february-2021) with no sign of weakness.

Indicator Previous Current Signal Comment
RSI 7 53.90 46.70 The RSI does not warn of overbought or oversold.
RSI 14 57.20 53.00 The RSI does not warn of overbought or oversold.
RSI 21 58.40 55.40 The RSI does not warn of overbought or oversold.
RSI 50 59.10 57.60 The RSI does not warn of overbought or oversold.
RSI 200 55.20 54.80 The RSI does not warn of overbought or oversold.
Fast Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Slow Stochastic n/a n/a Indicator in intermediate zone, with no sign of exhaustion.
Simple Moving Average 7 2,265.61 2,254.75 Trend in the very short term bearish.
Simple Moving Average 21 2,190.49 2,199.01 Lack of trend in the short-medium term.
Simple Moving Average 50 2,125.00 2,129.94 Bullish medium term trend.
Simple Moving Average 200 1,791.16 1,794.71 Long-term bullish.
Exponential Moving Average 7 2,250.15 2,241.74 Trend in the very short term bearish.
Exponential Moving Average 21 2,206.72 2,207.61 Lack of trend in the short-medium term.
Exponential Moving Average 50 2,112.63 2,116.70 Bullish medium term trend.
Exponential Moving Average 200 1,843.33 1,847.04 Long-term bullish.
MACD Line -12.80 -6.30 Price in uptrend.
MACD Signal 9.70 15.00 Price in uptrend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2,250.15 2,241.74 Trend in the very short term bearish.
Double Exponential Moving Average 21 2,206.72 2,207.61 Lack of trend in the short-medium term.
Double Exponential Moving Average 50 2,112.63 2,116.70 Bullish medium term trend.
Double Exponential Moving Average 200 1,843.33 1,847.04 Long-term bullish.
Divergences n/a n/a NO
On Balance Vol. 45,951,523.00 39,092,168.00 OBV supports recoveries.
Momentum 7 -39.52 -106.50 Short term fall speed is extremely fast.
Momentum 7 136.41 -10.54 Short term fall speed is extremely fast.
% K Williams 34.70 45.10 Neutral, does not support price spin.
Priority Date Notification
05/03/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
05/03/2021 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
05/03/2021 Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
04/03/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
04/03/2021 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
04/03/2021 Fast Stochastic bearish signal. The weakness in the previous close indicates the possibility of suffering from downside momentum after a more positive recent phase.
03/03/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
03/03/2021 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
03/03/2021 Some weakness showed at the fast stochastics may kept a lid on any meaningful positive move.
02/03/2021 A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
02/03/2021 Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.