BHP stock: buy or sell
Updated on:
Mar 7th, 2021
2
BHP stock brief
- BHP Group slightly changed a 0.49% after making all-time highs last Wednesday
- From the chart point view, price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. This rally marked a 62.84% gain
- BHP Group engages in the natural resources business in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally.
Should I buy BHP Group stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BHP stock a buy?
In the current situation of BHP Group there is not any eligible buy setup. This doesn't mean $BHP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell BHP Group stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Similarly to when we have to buy shares, deciding when is the best time to sell is not a random decision, and we must adhere our own trading strategy. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for shorting $BHP stock
As a rule of thumb, you should never mantain a trading operation that produces higher than expected losses upon purchase. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)
Is it time to sell BHP Group stock?
In the current situation of BHP Group there is not any eligible sell setup, so BHP Group stock holders with operations in profit can keep their positions
BHP Group ratings
In the last month, 2 analyst ratings were published for BHP Group
| Brokerage firm | Rating |
|---|---|
| Feb 5th, 2021 | |
| Berenberg Bank | Neutral |
| Feb 17th, 2021 | |
| BMO Capital Markets | |
BHP Group stock analysis
Since in October 2020, BHP Group has been printing an uptrend that so far marked a gorgeous 62.84%. Rising tops and bottoms can be seen easily on a chart and how price offered very few buy points on the breakouts. Latest pullback was in early February, when price bounced at $66.41. Now, the price swings in a consolidation between its last top ($81.82) and its last bottom ($66.41)
$BHP at Highs
BHP Group did it again, and reached new all-time highs (ATH) last Wednesday at $81.82. It's the fifth time in the last 10 sessions, marking an important rally
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on February 24, the price has been corrected downwards by 4.48%
Relative strength index
The RSI dropped below the overbought level of 70 last Thursday after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Friday was 54.83
BHP Group stock price history
BHP Group IPO was on Mar 17th, 1980 priced at $0.00 per share1. Since then, BHP stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on Mar 1980 would be valued $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for BHP Group stock
Nobody knows how much a stock will be priced in the future. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by analysts over the last 30 days. If you are a small investor you must not invest based on these projections.
In the previous month we couldn't find any price target published for BHP Group stock.
| Brokerage firm | Price target |
|---|---|
| Feb 5th, 2021 | |
| Berenberg Bank | Not available |
| Feb 17th, 2021 | |
| BMO Capital Markets | Not available |
Earnings and financials
In early February, BHP Group ($BHP) hosted the financial event and posted the report.
BHP ($BHP) releases financial report next May.
BHP Group performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| BHP Group ($BHP) | 14.40% | 24.30% | 41.80% |
Disclaimer:
The comments contained in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular circumstances of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are expressed for informational reasons onlyBHP summary
| Friday, March 5th, 2021 | |
|---|---|
| Open | $75.54 |
| Close | $76.37 |
| Day range | $74.3 - $76.67 |
| Previous close | $76 |
| Session gain | 0.49% |
| Average true range | $3.41 |
| 50d mov avg | $71.50 |
| 100d mov avg | $63.42 |
| 200d mov avg | $57.48 |
| Earnings date | May 11th, 2021 |