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 12/09/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 58.26 USD

My targets

50.39 USD (-6.62%)

43.81 USD (-18.81%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BHP GROUP LTD.. As long as you are under the resistance located at 58.26 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 50.39 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 43.81 USD as an objective. Crossing it would then enable sellers to target 40.19 USD. If the resistance 58.26 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.8

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

BHP GROUP LTD. rating 53.96 USD. The price has increased by +4.98% since the last closing with the lowest point at 53.93 USD and the highest point at 54.67 USD. The deviation from the price is +0.06% for the low point and -1.30% for the high point.

53.93

54.67

53.96

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

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

Technical

A technical analysis in Daily of this BHP GROUP LTD. chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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 horizontal support

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	43.81	50.39	53.48	53.96	58.26	59.93	62.43
Change (%)	-18.81%	-6.62%	-0.89%	-	+7.97%	+11.06%	+15.70%
Change	-10.15	-3.57	-0.48	-	+4.30	+5.97	+8.47
Level	Minor	Major	Intermediate	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.17	50.75	51.08	51.66	51.99	52.57	52.90
Camarilla	51.15	51.23	51.32	51.40	51.48	51.57	51.65
Woodie	50.04	50.69	50.95	51.60	51.86	52.51	52.77
Fibonacci	50.75	51.10	51.32	51.66	52.01	52.23	52.57

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48.41	49.87	50.64	52.10	52.87	54.33	55.10
Camarilla	50.79	50.99	51.20	51.40	51.60	51.81	52.01
Woodie	48.06	49.70	50.29	51.93	52.52	54.16	54.75
Fibonacci	49.87	50.73	51.25	52.10	52.96	53.48	54.33

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):	53.03
MACD (12,26,9):	-0.6900
Directional Movement:	2.25
AROON (14):	57.14
DEMA (21):	51.99
Parabolic SAR (0,02-0,02-0,2):	51.34
Elder Ray (13):	1.61
Super Trend (3,10):	54.35
Zig ZAG (10):	53.97
VORTEX (21):	0.7700
Stochastique (14,3,5):	45.03
TEMA (21):	52.00
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	1.69
Repulse (5,40,3):	-3.2200
ROCnROLL:	-1
TRIX (15,9):	-0.2700
Courbe Coppock:	0.35

MA7:	52.71
MA20:	52.43
MA50:	55.71
MA100:	54.44
MAexp7:	52.67
MAexp20:	53.05
MAexp50:	54.21
MAexp100:	54.84
Price / MA7:	+2.37%
Price / MA20:	+2.92%
Price / MA50:	-3.14%
Price / MA100:	-0.88%
Price / MAexp7:	+2.45%
Price / MAexp20:	+1.72%
Price / MAexp50:	-0.46%
Price / MAexp100:	-1.60%

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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