BP P.L.C. - Daily - Technical analysis published on 01/07/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 30.30 USD
My targets
33.78 USD (+5.96%)
35.94 USD (+12.74%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BP P.L.C.. This is a positive signal for buyers. As long as the price remains above 30.30 USD, a purchase could be considered. The first bullish objective is located at 33.78 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 35.94 USD as an objective. Crossing it would then enable buyers to target 38.13 USD. In the event of a return below 30.30 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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Additional analysis
Quotes
BP P.L.C. rating 31.88 USD. The price has increased by +2.77% since the last closing and was traded between 31.27 USD and 31.89 USD over the period. The price is currently at +1.95% from its lowest and -0.03% from its highest.31.27
31.89
31.88
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BP P.L.C. indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.16 | 29.19 | 30.30 | 31.88 | 32.03 | 33.78 | 35.94 |
| Change (%) | -11.67% | -8.44% | -4.96% | - | +0.47% | +5.96% | +12.74% |
| Change | -3.72 | -2.69 | -1.58 | - | +0.15 | +1.90 | +4.06 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30.37 | 30.56 | 30.79 | 30.98 | 31.21 | 31.40 | 31.63 |
| Camarilla | 30.91 | 30.94 | 30.98 | 31.02 | 31.06 | 31.10 | 31.14 |
| Woodie | 30.39 | 30.57 | 30.81 | 30.99 | 31.23 | 31.41 | 31.65 |
| Fibonacci | 30.56 | 30.72 | 30.82 | 30.98 | 31.14 | 31.24 | 31.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.82 | 28.36 | 29.42 | 29.96 | 31.02 | 31.56 | 32.62 |
| Camarilla | 30.03 | 30.18 | 30.32 | 30.47 | 30.62 | 30.76 | 30.91 |
| Woodie | 28.07 | 28.49 | 29.67 | 30.09 | 31.27 | 31.69 | 32.87 |
| Fibonacci | 28.36 | 28.98 | 29.35 | 29.96 | 30.58 | 30.95 | 31.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.99 | 27.07 | 28.31 | 29.39 | 30.63 | 31.71 | 32.95 |
| Camarilla | 28.92 | 29.14 | 29.35 | 29.56 | 29.77 | 29.99 | 30.20 |
| Woodie | 26.08 | 27.11 | 28.40 | 29.43 | 30.72 | 31.75 | 33.04 |
| Fibonacci | 27.07 | 27.95 | 28.50 | 29.39 | 30.27 | 30.82 | 31.71 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 72.76 | |
| MACD (12,26,9): | 0.3300 | |
| Directional Movement: | 23.61 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 30.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.60 | |
| Elder Ray (13): | 1.60 | |
| Super Trend (3,10): | 29.86 | |
| Zig ZAG (10): | 31.73 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 97.75 | |
| TEMA (21): | 30.50 | |
| Williams %R (14): | -0.41 | |
| Chande Momentum Oscillator (20): | 3.26 | |
| Repulse (5,40,3): | 3.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 5.32 |
| MA7: | 30.12 | |
| MA20: | 29.57 | |
| MA50: | 29.36 | |
| MA100: | 30.65 | |
| MAexp7: | 30.42 | |
| MAexp20: | 29.72 | |
| MAexp50: | 29.80 | |
| MAexp100: | 30.63 | |
| Price / MA7: | +5.84% | |
| Price / MA20: | +7.81% | |
| Price / MA50: | +8.58% | |
| Price / MA100: | +4.01% | |
| Price / MAexp7: | +4.80% | |
| Price / MAexp20: | +7.27% | |
| Price / MAexp50: | +6.98% | |
| Price / MAexp100: | +4.08% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on BP P.L.C. at the time of the analysis were as follows:
- Archaea Energy and Republic Services celebrate first RNG plant in landmark partnership
- BP p.l.c. Announces Early Tender Results of Cash Tender Offer for Up to $1.3 Billion Aggregate Principal Amount of One Series of USD Notes
- BP p.l.c. Announces Upsize to $1,300,000,000 of Cash Tender Offer of One Series of USD Notes
- BP p.l.c. Launches Cash Tender Offer for Up to $1 Billion Aggregate Principal Amount of One Series of USD Notes
- BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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