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. - Daily - Technical analysis published on 11/19/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 54.12 USD

My targets

50.39 USD (-3.98%)

43.81 USD (-16.52%)

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 54.12 USD. The sellers' bearish objective is set at 50.39 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 43.81 USD. In case of crossing, the next objective would be the support located at 40.19 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.5

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

The BHP GROUP LTD. price is 52.48 USD. On the day, this instrument lost -0.02% with the lowest point at 51.91 USD and the highest point at 52.48 USD. The deviation from the price is +1.10% for the low point and 0% for the high point.

51.91

52.48

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BHP GROUP LTD.:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BHP GROUP LTD. in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	40.19	43.81	50.39	52.48	54.12	55.44	58.26
Change (%)	-23.42%	-16.52%	-3.98%	-	+3.13%	+5.64%	+11.01%
Change	-12.29	-8.67	-2.09	-	+1.64	+2.96	+5.78
Level	Intermediate	Minor	Major	-	Major	Major	Major

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	51.53	51.80	52.14	52.41	52.75	53.02	53.36
Camarilla	52.32	52.38	52.43	52.49	52.55	52.60	52.66
Woodie	51.58	51.82	52.19	52.43	52.80	53.04	53.41
Fibonacci	51.80	52.03	52.17	52.41	52.64	52.78	53.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.47	50.09	50.97	52.59	53.47	55.09	55.97
Camarilla	51.15	51.38	51.61	51.84	52.07	52.30	52.53
Woodie	48.09	49.91	50.59	52.41	53.09	54.91	55.59
Fibonacci	50.09	51.05	51.64	52.59	53.55	54.14	55.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	44.43	49.73	52.60	57.90	60.77	66.07	68.94
Camarilla	53.21	53.96	54.71	55.46	56.21	56.96	57.71
Woodie	43.21	49.12	51.38	57.29	59.55	65.46	67.72
Fibonacci	49.73	52.85	54.78	57.90	61.02	62.95	66.07

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):	35.93
MACD (12,26,9):	-1.2900
Directional Movement:	-21.90
AROON (14):	-42.85
DEMA (21):	53.05
Parabolic SAR (0,02-0,02-0,2):	55.74
Elder Ray (13):	-1.59
Super Trend (3,10):	55.42
Zig ZAG (10):	52.31
VORTEX (21):	0.7700
Stochastique (14,3,5):	7.31
TEMA (21):	51.86
Williams %R (14):	-91.24
Chande Momentum Oscillator (20):	-3.62
Repulse (5,40,3):	0.5600
ROCnROLL:	2
TRIX (15,9):	-0.2400
Courbe Coppock:	12.92

MA7:	52.45
MA20:	54.96
MA50:	56.44
MA100:	54.98
MAexp7:	52.85
MAexp20:	54.52
MAexp50:	55.41
MAexp100:	55.54
Price / MA7:	+0.06%
Price / MA20:	-4.51%
Price / MA50:	-7.02%
Price / MA100:	-4.55%
Price / MAexp7:	-0.70%
Price / MAexp20:	-3.74%
Price / MAexp50:	-5.29%
Price / MAexp100:	-5.51%

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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