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 09/18/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

39%

33%

28%

My opinion

Bullish above 52.28 USD

My targets

53.92 USD (+0.90%)

54.44 USD (+1.87%)

My analysis

BHP GROUP LTD. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 52.28 USD. The next resistance located at 53.92 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 54.44 USD. After this resistance, buyers could then target 57.07 USD.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

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

The BHP GROUP LTD. price is 53.44 USD. On the day, this instrument lost -0.02% and was traded between 53.43 USD and 53.66 USD over the period. The price is currently at +0.02% from its lowest and -0.41% from its highest.

53.43

53.66

53.44

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BHP GROUP LTD. indicates that the overall trend is bullish. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50.39	51.38	52.28	53.44	53.48	53.92	54.44
Change (%)	-5.71%	-3.85%	-2.17%	-	+0.07%	+0.90%	+1.87%
Change	-3.05	-2.06	-1.16	-	+0.04	+0.48	+1.00
Level	Major	Minor	Intermediate	-	Intermediate	Intermediate	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	52.62	52.98	53.21	53.57	53.80	54.16	54.39
Camarilla	53.29	53.34	53.40	53.45	53.50	53.56	53.61
Woodie	52.57	52.95	53.16	53.54	53.75	54.13	54.34
Fibonacci	52.98	53.20	53.34	53.57	53.79	53.93	54.16

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.76	48.13	50.51	51.88	54.26	55.63	58.01
Camarilla	51.86	52.20	52.55	52.89	53.23	53.58	53.92
Woodie	47.27	48.38	51.02	52.13	54.77	55.88	58.52
Fibonacci	48.13	49.56	50.45	51.88	53.31	54.20	55.63

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46.99	48.64	51.13	52.78	55.27	56.92	59.41
Camarilla	52.47	52.85	53.23	53.61	53.99	54.37	54.75
Woodie	47.40	48.85	51.54	52.99	55.68	57.13	59.82
Fibonacci	48.64	50.23	51.20	52.78	54.37	55.34	56.92

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):	68.28
MACD (12,26,9):	0.4300
Directional Movement:	27.14
AROON (14):	50.00
DEMA (21):	53.82
Parabolic SAR (0,02-0,02-0,2):	53.84
Elder Ray (13):	0.16
Super Trend (3,10):	52.81
Zig ZAG (10):	53.53
VORTEX (21):	1.0700
Stochastique (14,3,5):	47.09
TEMA (21):	53.79
Williams %R (14):	-53.59
Chande Momentum Oscillator (20):	0.27
Repulse (5,40,3):	-0.1900
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	1.48

MA7:	52.40
MA20:	52.42
MA50:	53.02
MA100:	54.69
MAexp7:	53.46
MAexp20:	53.19
MAexp50:	52.44
MAexp100:	52.17
Price / MA7:	+1.98%
Price / MA20:	+1.95%
Price / MA50:	+0.79%
Price / MA100:	-2.29%
Price / MAexp7:	-0.04%
Price / MAexp20:	+0.47%
Price / MAexp50:	+1.91%
Price / MAexp100:	+2.43%

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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