BHP GROUP PLCSPONSORED ADR - Daily - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
BHP GROUP PLCSPONSORED ADR Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 43.19 USD
My targets
45.37 USD (+4.04%)
47.96 USD (+9.97%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on BHP GROUP PLCSPONSORED ADR as long as the price remains well above 43.19 USD. The buyers” bullish objective is set at 45.37 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 47.96 USD. If there is any crossing, the next objective would be the resistance located at 49.87 USD.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3.4
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The BHP GROUP PLCSPONSORED ADR rating is 43.61 USD. On the day, this instrument lost -0.09% and was between 43.58 USD and 43.92 USD. This implies that the price is at +0.07% from its lowest and at -0.71% from its highest.43.58
43.92
43.61
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BHP GROUP PLCSPONSORED ADR indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 38.24 | 40.87 | 43.19 | 43.61 | 45.37 | 47.96 | 49.87 |
| Change (%) | -12.31% | -6.28% | -0.96% | - | +4.04% | +9.97% | +14.35% |
| Change | -5.37 | -2.74 | -0.42 | - | +1.76 | +4.35 | +6.26 |
| Level | Major | Major | Minor | - | Major | Minor | Major |
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 | 42.95 | 43.12 | 43.39 | 43.56 | 43.83 | 44.00 | 44.27 |
| Camarilla | 43.53 | 43.57 | 43.61 | 43.65 | 43.69 | 43.73 | 43.77 |
| Woodie | 42.99 | 43.15 | 43.43 | 43.59 | 43.87 | 44.03 | 44.31 |
| Fibonacci | 43.12 | 43.29 | 43.40 | 43.56 | 43.73 | 43.84 | 44.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.03 | 43.03 | 43.62 | 44.62 | 45.21 | 46.21 | 46.80 |
| Camarilla | 43.76 | 43.91 | 44.05 | 44.20 | 44.35 | 44.49 | 44.64 |
| Woodie | 41.82 | 42.93 | 43.41 | 44.52 | 45.00 | 46.11 | 46.59 |
| Fibonacci | 43.03 | 43.64 | 44.02 | 44.62 | 45.23 | 45.61 | 46.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.72 | 39.15 | 40.78 | 42.21 | 43.84 | 45.27 | 46.90 |
| Camarilla | 41.58 | 41.86 | 42.14 | 42.42 | 42.70 | 42.98 | 43.26 |
| Woodie | 37.83 | 39.20 | 40.89 | 42.26 | 43.95 | 45.32 | 47.01 |
| Fibonacci | 39.15 | 40.32 | 41.04 | 42.21 | 43.38 | 44.10 | 45.27 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.87 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 2.51 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 43.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.63 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 42.94 | |
| Zig ZAG (10): | 43.62 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 51.09 | |
| TEMA (21): | 44.46 | |
| Williams %R (14): | -55.97 | |
| Chande Momentum Oscillator (20): | 1.12 | |
| Repulse (5,40,3): | -1.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 10.35 |
| MA7: | 44.44 | |
| MA20: | 43.03 | |
| MA50: | 43.08 | |
| MA100: | 44.09 | |
| MAexp7: | 43.98 | |
| MAexp20: | 43.42 | |
| MAexp50: | 43.16 | |
| MAexp100: | 43.48 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | +1.35% | |
| Price / MA50: | +1.23% | |
| Price / MA100: | -1.09% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +1.04% | |
| Price / MAexp100: | +0.30% |
This member declared not having a position on this financial instrument or a related financial instrument.
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