BP P.L.C. - 1H - Technical analysis published on 04/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 39.69 USD
My targets
40.95 USD (+2.23%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BP P.L.C. as long as the price remains well above 39.69 USD. The buyers' bullish objective is set at 40.95 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.6
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 BP P.L.C. price is 40.06 USD. On the day, this instrument gained +1.03% and was between 39.99 USD and 40.40 USD. This implies that the price is at +0.18% from its lowest and at -0.84% from its highest.39.99
40.40
40.06
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BP P.L.C. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 38.50 | 38.92 | 39.69 | 40.06 |
| Change (%) | -3.89% | -2.85% | -0.92% | - |
| Change | -1.56 | -1.14 | -0.37 | - |
| Level | Minor | Major | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.93 | 38.42 | 39.03 | 39.52 | 40.13 | 40.62 | 41.23 |
| Camarilla | 39.35 | 39.45 | 39.55 | 39.65 | 39.75 | 39.85 | 39.95 |
| Woodie | 38.00 | 38.45 | 39.10 | 39.55 | 40.20 | 40.65 | 41.30 |
| Fibonacci | 38.42 | 38.84 | 39.10 | 39.52 | 39.94 | 40.20 | 40.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36.00 | 36.65 | 37.65 | 38.30 | 39.30 | 39.95 | 40.95 |
| Camarilla | 38.21 | 38.36 | 38.51 | 38.66 | 38.81 | 38.96 | 39.11 |
| Woodie | 36.19 | 36.74 | 37.84 | 38.39 | 39.49 | 40.04 | 41.14 |
| Fibonacci | 36.65 | 37.28 | 37.67 | 38.30 | 38.93 | 39.32 | 39.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.68 | 33.99 | 35.84 | 37.15 | 39.00 | 40.31 | 42.16 |
| Camarilla | 36.81 | 37.10 | 37.39 | 37.68 | 37.97 | 38.26 | 38.55 |
| Woodie | 32.94 | 34.13 | 36.10 | 37.29 | 39.26 | 40.45 | 42.42 |
| Fibonacci | 33.99 | 35.20 | 35.95 | 37.15 | 38.36 | 39.11 | 40.31 |
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): | 69.48 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 27.16 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 39.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 39.13 | |
| Elder Ray (13): | 0.45 | |
| Super Trend (3,10): | 39.26 | |
| Zig ZAG (10): | 40.12 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 85.44 | |
| TEMA (21): | 40.04 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.83 | |
| Repulse (5,40,3): | -0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 3.28 |
| MA7: | 39.20 | |
| MA20: | 38.37 | |
| MA50: | 36.77 | |
| MA100: | 35.79 | |
| MAexp7: | 39.92 | |
| MAexp20: | 39.56 | |
| MAexp50: | 39.11 | |
| MAexp100: | 38.60 | |
| Price / MA7: | +2.19% | |
| Price / MA20: | +4.40% | |
| Price / MA50: | +8.95% | |
| Price / MA100: | +11.93% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +1.26% | |
| Price / MAexp50: | +2.43% | |
| Price / MAexp100: | +3.78% |
Quotes :
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15 min delayed data
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NYSE Stocks
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 p.l.c. Announces Early Tender Results of Cash Tender Offer for Up to $1.3 Billion Aggregate Principal Amount of One Series of USD Notes
- BP p.l.c. Announces Upsize to $1,300,000,000 of Cash Tender Offer of One Series of USD Notes
- BP p.l.c. Launches Cash Tender Offer for Up to $1 Billion Aggregate Principal Amount of One Series of USD Notes
- BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
- BP Fair Fund to Compensate Certain Investors in BP plc Ordinary Shares
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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