BHP GROUP LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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Type:	Stocks
Ticker:	BHP
ISIN:

BHP GROUP LTD. - 1H - Technical analysis published on 09/22/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 57.59 USD

My targets

55.92 USD (-1.79%)

54.87 USD (-3.64%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BHP GROUP LTD. as long as the price remains well below 57.59 USD. The sellers' bearish objective is set at 55.92 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 54.87 USD. In case of crossing, the next objective would be the support located at 53.91 USD.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.3

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

BHP GROUP LTD. rating 56.94 USD. On the day, this instrument gained +2.28% with the lowest point at 56.92 USD and the highest point at 57.51 USD. The deviation from the price is +0.04% for the low point and -0.99% for the high point.

56.92

57.51

56.94

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

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 this 1H chart of BHP GROUP LTD. indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53.91	54.87	55.92	56.94	57.59	58.51	59.16
Change (%)	-5.32%	-3.64%	-1.79%	-	+1.14%	+2.76%	+3.90%
Change	-3.03	-2.07	-1.02	-	+0.65	+1.57	+2.22
Level	Minor	Intermediate	Major	-	Major	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	54.89	55.26	55.46	55.83	56.03	56.40	56.60
Camarilla	55.51	55.57	55.62	55.67	55.72	55.78	55.83
Woodie	54.82	55.22	55.39	55.79	55.96	56.36	56.53
Fibonacci	55.26	55.47	55.61	55.83	56.04	56.18	56.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.25	54.63	56.54	57.92	59.83	61.21	63.12
Camarilla	57.55	57.85	58.15	58.45	58.75	59.05	59.36
Woodie	53.52	54.76	56.81	58.05	60.10	61.34	63.39
Fibonacci	54.63	55.89	56.66	57.92	59.18	59.95	61.21

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.09	49.65	52.79	56.35	59.49	63.05	66.19
Camarilla	54.08	54.69	55.31	55.92	56.53	57.15	57.76
Woodie	45.87	49.55	52.57	56.25	59.27	62.95	65.97
Fibonacci	49.65	52.21	53.79	56.35	58.91	60.49	63.05

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):	47.64
MACD (12,26,9):	-0.2600
Directional Movement:	-2.35
AROON (14):	-64.29
DEMA (21):	56.64
Parabolic SAR (0,02-0,02-0,2):	55.73
Elder Ray (13):	0.15
Super Trend (3,10):	55.93
Zig ZAG (10):	56.92
VORTEX (21):	0.8800
Stochastique (14,3,5):	53.74
TEMA (21):	56.48
Williams %R (14):	-49.22
Chande Momentum Oscillator (20):	-0.53
Repulse (5,40,3):	-0.7200
ROCnROLL:	-1
TRIX (15,9):	-0.1000
Courbe Coppock:	3.62

MA7:	57.57
MA20:	56.45
MA50:	57.31
MA100:	57.44
MAexp7:	56.85
MAexp20:	57.00
MAexp50:	57.23
MAexp100:	57.01
Price / MA7:	-1.09%
Price / MA20:	+0.87%
Price / MA50:	-0.65%
Price / MA100:	-0.87%
Price / MAexp7:	+0.16%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.51%
Price / MAexp100:	-0.12%

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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