BHP stock: buy or sell
Updated on:
May 17th, 2021
2
BHP stock brief
- After hitting new all-time highs on May 10, BHP Group closed last Friday at $77.47 merely moving a -0.26%
- It's been 4 consecutive sessions in negative for BHP Group, loosing a -4.00%
- With the recent gains, BHP Group is approaching to new all-time highs again, that are now just 5.60% above the current trading
- Last Tuesday, BHP Group posted its Q1 earnings report
- 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?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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 coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell BHP Group stock?
How to know when is it time to sell BHP Group?. Much like when we have to buy shares, determining when is appropiate to sell is not a whimsical decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very simple to follow and are only applicable for selling shares you already own, not for shorting $BHP stock
As a golden rule, you must never hold a trade that leads to higher than expected losses at the time of the buy. The moment to sell your stock should always 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 previous 30 days we couldn't find any rating for BHP Group
BHP Group stock analysis
$BHP at All-time Highs
BHP Group marked new all-time highs (ATH) on May 10 at $82.07, and cleared the field for new highs as there are no further resistances. Previous highs were last March
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band last Tuesday, the price sliced by 4.32%
Relative strength index
When the moves for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator gets of little use, and we are now in one of these cases.
BHP Group stock price history
BHP Group started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, BHP stock surged by -, with an average of 0.00% per year. An investment of $1,000USD at that time would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for BHP Group stock
Nobody knows how much a share will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts published by financial institutions for the last 30 days. Again, these predictions are not direct recommendations for individual investors and must not be trusted blindly.
In the previous month we couldn't find any price target posted for BHP Group stock.
Earnings and financials
Last Tuesday, BHP Group ($BHP) had the quarterly earnings event and released the report.
Same quarter one year ago, reported EPS was $2.08, so recently reported EPS is -100.00%. Looking at turnover, figures exploded a 14.14% compared to $112.3B same quarter last year.BHP ($BHP) is posting financial report next August.
BHP Group performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| BHP Group ($BHP) | 4.00% | 4.40% | 47.80% |
Important:
The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific situations of the reader, his or her financial statements 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 expressed for informational purposes onlyBHP summary
| Friday, May 14th, 2021 | |
|---|---|
| Open | $76.75 |
| Close | $77.47 |
| Day range | $76.56 - $77.67 |
| Previous close | $77.67 |
| Session gain | -0.26% |
| Average true range | $2.49 |
| 50d mov avg | $73.14 |
| 100d mov avg | $72.25 |
| 200d mov avg | $63.35 |
| Earnings date | August 10th, 2021 |