BHP stock: buy or sell

BHP stock price: $76.37 0.49% At close on Mar 5th, 2021

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

BHP Group analysts' ratings - Last 30 days
Brokerage firmRating
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

BHP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $81.82 (7.14% above)
  • The current supports are:

  • S1: $74.41 (-2.57% below)
  • S2: $67.81 (-11.21% below)
  • S3: $66.41 (-13.04% below)
  • Bollinger bands

    Since the price surpassed the upper band on February 24, the price has been corrected downwards by 4.48%

    BHP stock Bollinger Bands chart

    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 stock RSI chart

    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

    BHP stock price history chart

    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.

    BHP Group stock price predictions
    Brokerage firmPrice 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

    BHP performance compared
    Company1m3m6m
    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 only

    BHP summary

    Friday, March 5th, 2021
    Open$75.54
    Close$76.37
    Day range$74.3 - $76.67
    Previous close$76
    Session gain0.49%
    Average true range$3.41
    50d mov avg$71.50
    100d mov avg$63.42
    200d mov avg$57.48
    Earnings dateMay 11th, 2021

    Frequently asked questions

    What is BHP Group stock symbol?

    BHP Group is a public company trading in the US stock market with the BHP symbol

    Is BHP Group stock a buy or sell?

    BHP Group received 2 ratings in the last 30 days: 0 bullish, 0 bearish and 1 neutral.

    Will BHP go up?

    There were no price targets posted by analysts in the last 30 days for BHP Group.