BHP stock: buy or sell
Updated on:
Jan 18th, 2021
2
BHP stock brief
- After hitting new all-time highs last Thursday, BHP Group closed at $70.61 dropping a -4.43%
- 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 we expect a selloff for $BHP in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell BHP Group stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the good moment to sell and get your benefits. Similarly to when we have to buy shares, determining when is the best time to sell is not a haphazard decision, and we must follow our own trading strategy. When selling, as well as buying, detailed strategies are very easy to use but are only applicable for selling stocks you already own, not for selling short BHP Group stock
As a rule of thumb, you should not hold an investment that generates higher than expected losses by the time of the buy. When to sell your stock always has to be dictated 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 green can keep their positions
BHP Group ratings
We don't have any rating published in the last 30 days for BHP Group
BHP Group stock analysis
$BHP at new All-time Highs
BHP Group did it again, and marked all-time highs (ATH) last Thursday at $74.41. Stock hit new all-time highs 5 times in the last 10 sessions
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 8, the price corrected downwards by 4.31%
Relative strength index
After breaking out the line of 70 yesterday, sliced back below with a reading of 59.87. This is a weak signal for the stock and it must tip us off of weakness in the stock price
BHP Group stock price history
BHP Group went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, BHP stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in BHP Group stock at that time, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for BHP Group stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
The following table shows the price target published by analysts in the last month. Again, these estimates are not direct recommendations for small traders and should not be followed blindly.
In the last 30 days we couldn't find any price target published for BHP Group stock.
Earnings and financials
Last November, BHP Group ($BHP) hosted the financial call and released the report.
This compares to Earnings of $1.19 per share a year ago, so posted EPS is -100.00%.BHP ($BHP) releases quarterly earnings report early next February.
BHP Group performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| BHP Group ($BHP) | 9.00% | 36.40% | 34.30% |
Please read:
The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the individual situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for education motives onlyBHP summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $71.79 |
| Close | $70.61 |
| Day range | $70.34 - $71.86 |
| Previous close | $73.88 |
| Session gain | -4.43% |
| Average true range | $2.33 |
| 50d mov avg | $61.60 |
| 100d mov avg | $56.93 |
| 200d mov avg | $51.85 |
| Earnings date | February 8th, 2021 |