BHP GROUP LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

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High / Low range:	-

Type:	Stocks
Ticker:	BHP
ISIN:

BHP GROUP LTD. - 1H - Technical analysis published on 11/15/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 59.59 USD

My targets

61.42 USD (+1.32%)

62.43 USD (+2.99%)

My analysis

The bullish trend is currently very strong on BHP GROUP LTD.. As long as the price remains above the support at 59.59 USD, you could try to benefit from the boom. The first bullish objective is located at 61.42 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 62.43 USD as an objective. Crossing it would then enable buyers to target 64.13 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 60.62 USD. The price is lower by -0.05% since the last closing and was traded between 60.49 USD and 61.04 USD over the period. The price is currently at +0.21% from its lowest and -0.69% from its highest.

60.49

61.04

60.62

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

The study of the highest / lowest by the Central Records scanner shows the following result:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BHP GROUP LTD. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	57.21	58.40	59.59	60.62	60.81	61.42	62.43
Change (%)	-5.63%	-3.66%	-1.70%	-	+0.31%	+1.32%	+2.99%
Change	-3.41	-2.22	-1.03	-	+0.19	+0.80	+1.81
Level	Minor	Major	Minor	-	Intermediate	Major	Minor

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	59.59	59.86	60.26	60.53	60.93	61.20	61.60
Camarilla	60.47	60.53	60.59	60.65	60.71	60.77	60.83
Woodie	59.65	59.89	60.32	60.56	60.99	61.23	61.66
Fibonacci	59.86	60.12	60.28	60.53	60.79	60.95	61.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.94	55.38	56.72	58.16	59.50	60.94	62.28
Camarilla	57.31	57.56	57.82	58.07	58.33	58.58	58.84
Woodie	53.90	55.36	56.68	58.14	59.46	60.92	62.24
Fibonacci	55.38	56.44	57.10	58.16	59.22	59.88	60.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.59	52.43	54.75	56.59	58.91	60.75	63.07
Camarilla	55.92	56.30	56.68	57.06	57.44	57.82	58.20
Woodie	50.82	52.55	54.98	56.71	59.14	60.87	63.30
Fibonacci	52.43	54.02	55.00	56.59	58.18	59.16	60.75

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.56
MACD (12,26,9):	0.7300
Directional Movement:	31.37
AROON (14):	71.42
DEMA (21):	60.84
Parabolic SAR (0,02-0,02-0,2):	60.28
Elder Ray (13):	0.39
Super Trend (3,10):	59.72
Zig ZAG (10):	60.67
VORTEX (21):	1.1500
Stochastique (14,3,5):	88.45
TEMA (21):	61.22
Williams %R (14):	-15.13
Chande Momentum Oscillator (20):	2.25
Repulse (5,40,3):	-0.1600
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	7.39

MA7:	58.52
MA20:	57.62
MA50:	57.02
MA100:	57.29
MAexp7:	60.65
MAexp20:	59.91
MAexp50:	59.00
MAexp100:	58.33
Price / MA7:	+3.59%
Price / MA20:	+5.21%
Price / MA50:	+6.31%
Price / MA100:	+5.81%
Price / MAexp7:	-0.05%
Price / MAexp20:	+1.19%
Price / MAexp50:	+2.75%
Price / MAexp100:	+3.93%

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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