BP P.L.C. - Daily - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
33%
6%
61%
My opinion
Bullish above 38.61 USD
My targets
39.36 USD (+1.47%)
41.52 USD (+7.04%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BP P.L.C. as long as the price remains well above 38.61 USD. The buyers” bullish objective is set at 39.36 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41.52 USD. If there is any crossing, the next objective would be the resistance located at 42.79 USD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BP P.L.C. price is 38.79 USD. The price registered a decrease of -0.69% on the session and was traded between 38.78 USD and 39.28 USD over the period. The price is currently at +0.03% from its lowest and -1.25% from its highest.38.78
39.28
38.79
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:
Technical
Technical analysis of BP P.L.C. in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 11 are neutral and 1 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 36.67 | 37.91 | 38.61 | 38.79 | 39.36 | 41.52 | 42.79 |
| Change (%) | -5.47% | -2.27% | -0.46% | - | +1.47% | +7.04% | +10.31% |
| Change | -2.12 | -0.88 | -0.18 | - | +0.57 | +2.73 | +4.00 |
| Level | Major | Minor | Major | - | Major | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.75 | 38.85 | 38.96 | 39.06 | 39.17 | 39.27 | 39.38 |
| Camarilla | 39.00 | 39.02 | 39.04 | 39.06 | 39.08 | 39.10 | 39.12 |
| Woodie | 38.75 | 38.85 | 38.96 | 39.06 | 39.17 | 39.27 | 39.38 |
| Fibonacci | 38.85 | 38.93 | 38.98 | 39.06 | 39.14 | 39.19 | 39.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 38.05 | 38.41 | 38.81 | 39.16 | 39.56 | 39.92 | 40.32 |
| Camarilla | 39.00 | 39.07 | 39.14 | 39.21 | 39.28 | 39.35 | 39.42 |
| Woodie | 38.08 | 38.42 | 38.83 | 39.17 | 39.59 | 39.93 | 40.34 |
| Fibonacci | 38.41 | 38.70 | 38.87 | 39.16 | 39.45 | 39.63 | 39.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.51 | 33.42 | 35.37 | 37.28 | 39.23 | 41.14 | 43.09 |
| Camarilla | 36.26 | 36.62 | 36.97 | 37.32 | 37.68 | 38.03 | 38.38 |
| Woodie | 31.53 | 33.43 | 35.39 | 37.29 | 39.25 | 41.15 | 43.11 |
| Fibonacci | 33.42 | 34.89 | 35.80 | 37.28 | 38.75 | 39.66 | 41.14 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.70 | |
| MACD (12,26,9): | 0.4300 | |
| Directional Movement: | 3.50 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 39.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 38.30 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 37.52 | |
| Zig ZAG (10): | 38.82 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 79.38 | |
| TEMA (21): | 39.36 | |
| Williams %R (14): | -30.47 | |
| Chande Momentum Oscillator (20): | 0.71 | |
| Repulse (5,40,3): | -1.8200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 5.11 |
| MA7: | 39.08 | |
| MA20: | 38.69 | |
| MA50: | 37.81 | |
| MA100: | 37.67 | |
| MAexp7: | 39.00 | |
| MAexp20: | 38.62 | |
| MAexp50: | 38.07 | |
| MAexp100: | 38.13 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +2.59% | |
| Price / MA100: | +2.97% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +1.89% | |
| Price / MAexp100: | +1.73% |
News
The latest news and videos published on BP P.L.C. at the time of the analysis were as follows:
- BP Capital Markets America Inc. Announces Final Results of Exchange Offers
- New Research Coverage Highlights Skyworks Solutions, Virtus Investment Partners, Altria Group, Gilead Sciences, Arthur J. Gallagher, and BP p.l.c — Consolidated Revenues, Company Growth, and Expectations for 2018
- BP Capital Markets America Inc. Commences Any and All Exchange Offers of Up To Twenty-Three Series of USD Notes Issued by BP Capital Markets p.l.c.
- Factors of Influence in 2018, Key Indicators and Opportunity within BP p.l.c, Nokia, Xcel Energy, Employers, Utah Medical Products, and Tractor Supply — New Research Emphasizes Economic Growth
- Report: Developing Opportunities within Archrock, Sturm, Ruger, Kirby, Aflac, Mobile TeleSystems OJSC, and BP p.l.c — Future Expectations, Projections Moving into 2018
This member declared not having a position on this financial instrument or a related financial instrument.
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