BHP GROUP LIMITED - Daily - Technical analysis published on 01/07/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 42.080 AUD
My targets
46.298 AUD (+4.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BHP GROUP LIMITED as long as the price remains well above 42.080 AUD. The buyers” bullish objective is set at 46.298 AUD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BHP GROUP LIMITED price is 44.210 AUD. On the day, this instrument lost -0.20% with the lowest point at 43.780 AUD and the highest point at 44.940 AUD. The deviation from the price is +0.98% for the low point and -1.62% for the high point.43.780
44.940
44.210
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
Here is a more detailed summary of the historical variations registered by BHP GROUP LIMITED:
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BHP GROUP LIMITED in Daily 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Upside gap
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 40.169 | 42.080 | 43.660 | 44.210 | 46.298 |
| Change (%) | -9.14% | -4.82% | -1.24% | - | +4.72% |
| Change | -4.041 | -2.130 | -0.550 | - | +2.088 |
| Level | Major | Intermediate | Intermediate | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42.660 | 43.060 | 43.680 | 44.080 | 44.700 | 45.100 | 45.720 |
| Camarilla | 44.020 | 44.113 | 44.207 | 44.300 | 44.394 | 44.487 | 44.581 |
| Woodie | 42.770 | 43.115 | 43.790 | 44.135 | 44.810 | 45.155 | 45.830 |
| Fibonacci | 43.060 | 43.450 | 43.690 | 44.080 | 44.470 | 44.710 | 45.100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.283 | 41.857 | 42.143 | 42.717 | 43.003 | 43.577 | 43.863 |
| Camarilla | 42.194 | 42.272 | 42.351 | 42.430 | 42.509 | 42.588 | 42.667 |
| Woodie | 41.140 | 41.785 | 42.000 | 42.645 | 42.860 | 43.505 | 43.720 |
| Fibonacci | 41.857 | 42.185 | 42.388 | 42.717 | 43.045 | 43.248 | 43.577 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.940 | 35.330 | 38.880 | 41.270 | 44.820 | 47.210 | 50.760 |
| Camarilla | 40.797 | 41.341 | 41.886 | 42.430 | 42.975 | 43.519 | 44.064 |
| Woodie | 33.520 | 35.620 | 39.460 | 41.560 | 45.400 | 47.500 | 51.340 |
| Fibonacci | 35.330 | 37.599 | 39.001 | 41.270 | 43.539 | 44.941 | 47.210 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.73 | |
| MACD (12,26,9): | 1.1740 | |
| Directional Movement: | 24.869 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 44.114 | |
| Parabolic SAR (0,02-0,02-0,2): | 42.460 | |
| Elder Ray (13): | 1.317 | |
| Super Trend (3,10): | 41.834 | |
| Zig ZAG (10): | 44.210 | |
| VORTEX (21): | 1.0540 | |
| Stochastique (14,3,5): | 81.44 | |
| TEMA (21): | 44.147 | |
| Williams %R (14): | -21.41 | |
| Chande Momentum Oscillator (20): | 1.660 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4800 | |
| Courbe Coppock: | 4.41 |
| MA7: | 43.287 | |
| MA20: | 42.910 | |
| MA50: | 39.170 | |
| MA100: | 38.166 | |
| MAexp7: | 43.469 | |
| MAexp20: | 42.460 | |
| MAexp50: | 40.383 | |
| MAexp100: | 38.828 | |
| Price / MA7: | +2.13% | |
| Price / MA20: | +3.03% | |
| Price / MA50: | +12.87% | |
| Price / MA100: | +15.84% | |
| Price / MAexp7: | +1.70% | |
| Price / MAexp20: | +4.12% | |
| Price / MAexp50: | +9.48% | |
| Price / MAexp100: | +13.86% |
Quotes :
2021-01-06 00:00:00
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End-of-day data
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Australia Stocks
News
The last news published on BHP GROUP LIMITED at the time of the generation of this analysis was as follows:
- SPG Law bring claim in Liverpool against BHP Billiton for victims of Bento Rodrigues dam disaster
-
BHP Billiton secures a stake in SolGold, where now?
- Detailed Research: Economic Perspectives on Koninklijke Philips N.V, Corporacion America Airports S.A, BHP Billiton, HSBC Holdings plc, Weatherford International, and Novartis AG — What Drives Growth in Today's Competitive Landscape
- 16th CRU World Copper Conference 2017 in Santiago Chile Draws Near
- Sign Up For The World Copper Conference 2017
This member declared not having a position on this financial instrument or a related financial instrument.
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