BP P.L.C.
BP P.L.C.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: BP
ISIN:

BP P.L.C. - 1H - Technical analysis published on 04/12/2024 (GMT)

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  • Timeframe : 1H
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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:
15 min. Daily Weekly

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.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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


S3S2S1Price
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
Standard37.9338.4239.0339.5240.1340.6241.23
Camarilla39.3539.4539.5539.6539.7539.8539.95
Woodie38.0038.4539.1039.5540.2040.6541.30
Fibonacci38.4238.8439.1039.5239.9440.2040.62


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard36.0036.6537.6538.3039.3039.9540.95
Camarilla38.2138.3638.5138.6638.8138.9639.11
Woodie36.1936.7437.8438.3939.4940.0441.14
Fibonacci36.6537.2837.6738.3038.9339.3239.95


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard32.6833.9935.8437.1539.0040.3142.16
Camarilla36.8137.1037.3937.6837.9738.2638.55
Woodie32.9434.1336.1037.2939.2640.4542.42
Fibonacci33.9935.2035.9537.1538.3639.1140.31

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 : - 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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