BHP GROUP LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	BHP
ISIN:

BHP GROUP LTD. - Daily - Technical analysis published on 07/29/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

39%

My opinion

Bearish under 58.03 USD

My targets

51.55 USD (-4.55%)

46.39 USD (-14.11%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 58.03 USD remains possible. It is advisable to trade BHP GROUP LTD. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 58.03 USD. The next bearish objective for sellers is set at 51.55 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 46.39 USD. In case of crossing, the next objective would be the support located at 43.90 USD. PS: if there is a bullish break in the resistance located at 58.03 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

1.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BHP GROUP LTD. rating is 54.01 USD. The price is lower by -0.02% since the last closing and was traded between 53.88 USD and 54.39 USD over the period. The price is currently at +0.24% from its lowest and -0.70% from its highest.

53.88

54.39

54.01

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of BHP GROUP LTD. in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	46.39	51.55	53.69	54.01	58.03	64.24	67.44
Change (%)	-14.11%	-4.55%	-0.59%	-	+7.44%	+18.94%	+24.87%
Change	-7.62	-2.46	-0.32	-	+4.02	+10.23	+13.43
Level	Intermediate	Intermediate	Major	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.05	52.69	53.36	54.00	54.67	55.31	55.98
Camarilla	53.66	53.78	53.90	54.02	54.14	54.26	54.38
Woodie	52.06	52.70	53.37	54.01	54.68	55.32	55.99
Fibonacci	52.69	53.19	53.50	54.00	54.50	54.81	55.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.92	48.19	49.64	50.91	52.36	53.63	55.08
Camarilla	50.34	50.59	50.84	51.09	51.34	51.59	51.84
Woodie	47.01	48.24	49.73	50.96	52.45	53.68	55.17
Fibonacci	48.19	49.23	49.87	50.91	51.95	52.59	53.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.19	44.61	50.40	59.82	65.61	75.03	80.82
Camarilla	52.00	53.39	54.79	56.18	57.57	58.97	60.36
Woodie	33.37	43.70	48.58	58.91	63.79	74.12	79.00
Fibonacci	44.61	50.42	54.01	59.82	65.63	69.22	75.03

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):	50.96
MACD (12,26,9):	-1.1700
Directional Movement:	0.97
AROON (14):	71.43
DEMA (21):	51.13
Parabolic SAR (0,02-0,02-0,2):	49.46
Elder Ray (13):	1.49
Super Trend (3,10):	54.19
Zig ZAG (10):	54.05
VORTEX (21):	0.7400
Stochastique (14,3,5):	94.14
TEMA (21):	52.00
Williams %R (14):	-6.57
Chande Momentum Oscillator (20):	3.89
Repulse (5,40,3):	1.2600
ROCnROLL:	-1
TRIX (15,9):	-0.5500
Courbe Coppock:	2.02

MA7:	52.71
MA20:	51.86
MA50:	57.89
MA100:	61.82
MAexp7:	52.98
MAexp20:	53.13
MAexp50:	56.33
MAexp100:	58.55
Price / MA7:	+2.47%
Price / MA20:	+4.15%
Price / MA50:	-6.70%
Price / MA100:	-12.63%
Price / MAexp7:	+1.94%
Price / MAexp20:	+1.66%
Price / MAexp50:	-4.12%
Price / MAexp100:	-7.75%

Quotes : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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