BHP GROUP LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	BHP
ISIN:

BHP GROUP LTD. - 1H - Technical analysis published on 09/24/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 55.45 USD

My targets

58.26 USD (+2.09%)

59.41 USD (+4.09%)

My analysis

The basic bullish trend is very strong on BHP GROUP LTD. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 55.45 USD. Crossing the first resistance at 58.26 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 59.41 USD as an objective. Crossing it would then enable buyers to target 63.53 USD. Caution, a return to below 55.45 USD would be a sign of a consolidation phase in the short-term basic trend. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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 57.07 USD. The price has increased by +4.54% since the last closing with the lowest point at 56.95 USD and the highest point at 57.32 USD. The deviation from the price is +0.21% for the low point and -0.44% for the high point.

56.95

57.32

57.07

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 strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

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

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	54.70	55.45	57.07	57.07	58.26	63.53	65.47
Change (%)	-4.15%	-2.84%	0%	-	+2.09%	+11.32%	+14.72%
Change	-2.37	-1.62	0	-	+1.19	+6.46	+8.40
Level	Major	Major	Minor	-	Major	Intermediate	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53.50	53.72	54.16	54.38	54.82	55.04	55.48
Camarilla	54.41	54.47	54.53	54.59	54.65	54.71	54.77
Woodie	53.60	53.78	54.26	54.44	54.92	55.10	55.58
Fibonacci	53.72	53.98	54.13	54.38	54.64	54.79	55.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.29	51.66	52.72	54.09	55.15	56.52	57.58
Camarilla	53.12	53.35	53.57	53.79	54.01	54.24	54.46
Woodie	50.15	51.58	52.58	54.01	55.01	56.44	57.44
Fibonacci	51.66	52.59	53.16	54.09	55.02	55.59	56.52

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.25
MACD (12,26,9):	0.2100
Directional Movement:	11.00
AROON (14):	-50.00
DEMA (21):	54.61
Parabolic SAR (0,02-0,02-0,2):	53.79
Elder Ray (13):	0.15
Super Trend (3,10):	54.90
Zig ZAG (10):	54.60
VORTEX (21):	0.9500
Stochastique (14,3,5):	66.69
TEMA (21):	54.46
Williams %R (14):	-1.22
Chande Momentum Oscillator (20):	0.61
Repulse (5,40,3):	0.4500
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	1.28

MA7:	53.79
MA20:	52.57
MA50:	52.86
MA100:	54.68
MAexp7:	54.45
MAexp20:	54.29
MAexp50:	53.68
MAexp100:	53.04
Price / MA7:	+6.10%
Price / MA20:	+8.56%
Price / MA50:	+7.96%
Price / MA100:	+4.37%
Price / MAexp7:	+4.81%
Price / MAexp20:	+5.12%
Price / MAexp50:	+6.32%
Price / MAexp100:	+7.60%

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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