BP P.L.C. - 1H - Technical analysis published on 02/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
BP P.L.C. rating 36.24 USD. The price has increased by +5.84% since the last closing with the lowest point at 35.74 USD and the highest point at 36.24 USD. The deviation from the price is +1.40% for the low point and 0% for the high point.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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BP P.L.C. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 35.28 | 35.67 | 35.91 | 36.24 | 36.48 | 37.62 | 38.98 |
Change (%) | -2.65% | -1.57% | -0.91% | - | +0.66% | +3.81% | +7.56% |
Change | -0.96 | -0.57 | -0.33 | - | +0.24 | +1.38 | +2.74 |
Level | Intermediate | Major | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 33.38 | 33.65 | 33.95 | 34.22 | 34.52 | 34.79 | 35.09 |
Camarilla | 34.08 | 34.14 | 34.19 | 34.24 | 34.29 | 34.35 | 34.40 |
Woodie | 33.39 | 33.66 | 33.96 | 34.23 | 34.53 | 34.80 | 35.10 |
Fibonacci | 33.65 | 33.87 | 34.01 | 34.22 | 34.44 | 34.58 | 34.79 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 32.63 | 33.55 | 34.09 | 35.01 | 35.55 | 36.47 | 37.01 |
Camarilla | 34.24 | 34.37 | 34.51 | 34.64 | 34.77 | 34.91 | 35.04 |
Woodie | 32.45 | 33.46 | 33.91 | 34.92 | 35.37 | 36.38 | 36.83 |
Fibonacci | 33.55 | 34.10 | 34.45 | 35.01 | 35.56 | 35.91 | 36.47 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 30.63 | 32.07 | 33.59 | 35.03 | 36.55 | 37.99 | 39.51 |
Camarilla | 34.29 | 34.56 | 34.83 | 35.10 | 35.37 | 35.64 | 35.91 |
Woodie | 30.66 | 32.09 | 33.62 | 35.05 | 36.58 | 38.01 | 39.54 |
Fibonacci | 32.07 | 33.20 | 33.90 | 35.03 | 36.16 | 36.86 | 37.99 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
RSI (14): | 67.26 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | 20.86 | |
AROON (14): | 42.86 | |
DEMA (21): | 34.82 | |
Parabolic SAR (0,02-0,02-0,2): | 33.98 | |
Elder Ray (13): | 1.17 | |
Super Trend (3,10): | 34.85 | |
Zig ZAG (10): | 36.09 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 72.28 | |
TEMA (21): | 34.89 | |
Williams %R (14): | -4.19 | |
Chande Momentum Oscillator (20): | 1.30 | |
Repulse (5,40,3): | 0.4400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0800 | |
Courbe Coppock: | 0.28 |
MA7: | 35.25 | |
MA20: | 34.78 | |
MA50: | 35.20 | |
MA100: | 36.28 | |
MAexp7: | 35.10 | |
MAexp20: | 34.89 | |
MAexp50: | 34.95 | |
MAexp100: | 34.92 | |
Price / MA7: | +2.81% | |
Price / MA20: | +4.20% | |
Price / MA50: | +2.95% | |
Price / MA100: | -0.11% | |
Price / MAexp7: | +3.25% | |
Price / MAexp20: | +3.87% | |
Price / MAexp50: | +3.69% | |
Price / MAexp100: | +3.78% |
News
Don't forget to follow the news on BP P.L.C.. At the time of publication of this analysis, the latest news was as follows:
- BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
- BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
- BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
- BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
- Archaea Energy Inc. (LFG) Investigation Alert: Robbins LLP is Investigating the Acquisition of Archaea Energy Inc. by BP p.l.c (BP) on Behalf of Shareholders
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