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BHP Group Limited

Check the daily chart of BHP Group Limited. The closing price of 2022-12-01 was €59.50 per share.

BHP Group Limited Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

BHP Group Limited Daily Moving Averages ChartBHP Group Limited Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of BHP Group Limited:

    BHP Group Limited Daily Moving Average Convergence/Divergence (MACD) ChartBHP Group Limited Daily Moving Average Convergence/Divergence (MACD) Chart
    1.3 Directional Movement Index (DMI)

    The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

    The ADX helps you determine the strength of a trend. Let's take a look of the ADX of BHP Group Limited:

    • The ADX is .
    • The ADX is declining, there is no upcoming trend indication. -1
    • The +DI crossed the -DI to the downside. The trend is reversing to a down trend. -1
    BHP Group Limited Daily Directional Movement Index (DMI) ChartBHP Group Limited Daily Directional Movement Index (DMI) Chart
    1.4 Parabolic SAR

    Shows the current trend and potential entry and exit signals.

    • Parabolic SAR (stop and reverse) is a lagging trend indicator.
    • Shows the current trend.
    • Shows potential entry signals.
    • Shows  potential exit signals.
    • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • BHP Group Limited Daily Parabolic SAR ChartBHP Group Limited Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    • The RSI is below 30 and oversold. +2
    BHP Group Limited Daily Relative Strength Index (RSI) ChartBHP Group Limited Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    BHP Group Limited Daily Stochastic Oscillator ChartBHP Group Limited Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    BHP Group Limited Daily Commodity Channel Index (CCI) ChartBHP Group Limited Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    BHP Group Limited Daily Chande Momentum Oscillator (CMO) ChartBHP Group Limited Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    BHP Group Limited Daily Williams %R ChartBHP Group Limited Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    BHP Group Limited Daily Bollinger Bands ChartBHP Group Limited Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    BHP Group Limited Daily Average True Range (ATR) ChartBHP Group Limited Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    BHP Group Limited Daily On-Balance Volume (OBV) ChartBHP Group Limited Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    BHP Group Limited Daily Money Flow Index (MFI) ChartBHP Group Limited Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    RSI OverboughtOverbought RSI (Relative Strength Index)2022-12-01

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2022-11-18CCI LONG ENTRY SHORT CLOSE100 crossover to upside
    MFI80 crossover to upside
    2022-11-28ATR SHORT ENTRY LONG CLOSE
    2022-11-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside

    5.2. Technical Score

    Let's check the technical score of BHP Group Limited based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    OpenGreater thanClose59.500
    Total0/1 (0.0%)

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