BHP GROUP LTD.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Change:	-
Volume:	-

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Type:	Stocks
Ticker:	BHP
ISIN:

BHP GROUP LTD. - Daily - Technical analysis published on 12/02/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 53.48 USD

My targets

51.84 USD (-1.50%)

50.39 USD (-4.26%)

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 53.48 USD. The sellers' bearish objective is set at 51.84 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 50.39 USD. In case of crossing, the next objective would be the support located at 43.81 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 opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

4.8

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. rating is 52.63 USD. The price is lower by -0.06% since the last closing and was traded between 52.39 USD and 53.01 USD over the period. The price is currently at +0.46% from its lowest and -0.72% from its highest.

52.39

53.01

52.63

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BHP GROUP LTD. indicates that the overall trend is strongly bearish. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	43.81	50.39	51.84	52.63	53.48	58.26	62.43
Change (%)	-16.76%	-4.26%	-1.50%	-	+1.62%	+10.70%	+18.62%
Change	-8.82	-2.24	-0.79	-	+0.85	+5.63	+9.80
Level	Minor	Major	Intermediate	-	Intermediate	Major	Minor

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	51.38	51.77	52.21	52.60	53.04	53.43	53.87
Camarilla	52.43	52.51	52.58	52.66	52.74	52.81	52.89
Woodie	51.42	51.78	52.25	52.61	53.08	53.44	53.91
Fibonacci	51.77	52.08	52.28	52.60	52.91	53.11	53.43

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49.67	50.39	51.53	52.25	53.39	54.11	55.25
Camarilla	52.15	52.32	52.49	52.66	52.83	53.00	53.17
Woodie	49.87	50.50	51.73	52.36	53.59	54.22	55.45
Fibonacci	50.39	51.10	51.54	52.25	52.96	53.40	54.11

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42.29	46.71	49.68	54.10	57.07	61.49	64.46
Camarilla	50.63	51.31	51.98	52.66	53.34	54.02	54.69
Woodie	41.58	46.35	48.97	53.74	56.36	61.13	63.75
Fibonacci	46.71	49.53	51.27	54.10	56.92	58.66	61.49

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):	43.01
MACD (12,26,9):	-1.0800
Directional Movement:	-11.06
AROON (14):	-78.57
DEMA (21):	51.81
Parabolic SAR (0,02-0,02-0,2):	51.16
Elder Ray (13):	0.02
Super Trend (3,10):	54.35
Zig ZAG (10):	52.62
VORTEX (21):	0.8300
Stochastique (14,3,5):	47.57
TEMA (21):	51.31
Williams %R (14):	-20.69
Chande Momentum Oscillator (20):	0.30
Repulse (5,40,3):	0.1800
ROCnROLL:	-1
TRIX (15,9):	-0.3200
Courbe Coppock:	9.40

MA7:	52.16
MA20:	53.33
MA50:	56.29
MA100:	54.60
MAexp7:	52.33
MAexp20:	53.25
MAexp50:	54.54
MAexp100:	55.05
Price / MA7:	+0.90%
Price / MA20:	-1.31%
Price / MA50:	-6.50%
Price / MA100:	-3.61%
Price / MAexp7:	+0.57%
Price / MAexp20:	-1.16%
Price / MAexp50:	-3.50%
Price / MAexp100:	-4.40%

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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