BP stock: buy or sell

BP stock price: $24.96 0.73% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

BP stock brief

  • BP stock just moved 0.73% to close at $24.96 on the stock market on Wednesday.
  • BP is presenting its earnings report next Tuesday
  • Deutsche Bank Aktiengesellschaft published a neutral rating for BP on Tuesday
  • BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments.

Should I buy BP 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 $BP stock a buy?

Currently, BP stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $BP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell BP stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies help us to avoid rash decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our setups are very simple to use and are only valid for selling shares you already own, not for shorting BP stock

As a golden rule, you should never mantain an operation that produces greater losses than those expected at the time of purchase. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell BP stock?

Currently, BP stock doesn't match any of our preferred sell setups, so if you hold BP stock and your operation is in profit probably is not time to sell now

BP ratings

In the last 30 days, 5 analyst ratings were published for BP. General sentiment is bullish, with 3 out of 5 publishing optimistic outlooks

BP analysts' ratings - Last month
Brokerage firmRating
Mar 23rd, 2021
Raymond James Buy
Mar 30th, 2021
Morgan Stanley
Apr 1st, 2021
Piper Sandler Buy
Apr 16th, 2021
HSBC NeutralStrong buy
Apr 20th, 2021
Deutsche Bank Aktiengesellschaft Neutral

BP stock analysis

SMAs overview

BP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $24.97 (0.04% above)
  • R2: $25.04 (0.32% above)
  • R3: $25.12 (0.64% above)
  • The current support levels are:

  • S1: $24.83 (-0.52% below)
  • S2: $24.75 (-0.84% below)
  • S3: $24.74 (-0.88% below)
  • Bollinger bands

    The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    BP stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in early March after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 50.22. Since RSI lost the overbought zone, BP shares collapsed a 6.76%

    BP stock RSI chart

    BP stock price history

    BP started trading priced at an adjusted price1 of $0.62 on Jan 1977. Since then, BP stock surged by 3,925.81%, with an average of 89.22% per year. An investment of thousand dollars on Jan 1977 would be valued $40,258.06 today.

    1: Adjusted price after possible price splits or reverse-splits

    BP stock price history chart

    Price target for BP stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. If you are a small investor you don't have to buy or sell based on these predictions.

    The average price target for BP stock calculated from the table below is $30.50. BP closed at $24.96 on Wednesday, so the target price is predicting an increase by 22.20%.

    BP stock price predictions
    Brokerage firmPrice target
    Mar 23rd, 2021
    Raymond James $27.00$29.00
    Mar 30th, 2021
    Morgan Stanley Not available
    Apr 1st, 2021
    Piper Sandler $28.00$32.00
    Apr 16th, 2021
    HSBC Not available
    Apr 20th, 2021
    Deutsche Bank Aktiengesellschaft Not available

    Earnings and financials

    BP ($BP) will host the earnings call next Tuesday.

    Last February, BP p.l.c. ($BP) reported adjusted EPS for that far lowered Market expectations. Quarterly EPS was $0.03 per share instead of $0.08. This Q4 report represents an earnings surprise of -62.50%. Estimated turnover was $46.6 billion but BP slightly lowered by 3.91%, posting $44.8 billion.

    For comparison, the EPS for the same quarter last year was $0.76, so posted EPS means a drop of -96.05%. Looking at revenues, figures collapsed a -36.37% compared to $707.0B same quarter 12 months ago.

    BP performance

    BP performance compared
    Company1m3m6m
    BP ($BP) 1.80% 2.60% 60.10%

    Important:
    The thoughts given in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not know the particular conditions 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 posted for learning motives only

    BP summary

    Wednesday, April 21st, 2021
    Open$24.57
    Close$24.96
    Day range$24.49 - $25.01
    Previous close$24.78
    Session gain0.73%
    Average true range$0.76
    50d mov avg$24.75
    100d mov avg$23.32
    200d mov avg$21.26
    Earnings dateApril 27th, 2021

    Frequently asked questions

    What is BP stock symbol?

    BP p.l.c. is a public company trading in the US stock market with the BP symbol

    Is BP stock a buy or sell?

    BP received 5 ratings in the last 30 days: 3 bullish, 0 bearish and 1 neutral.

    Will BP go up?

    BP had different price predictions posted by market analysts in the last month setting the target price to $30.50. That is a 22.20% than the current price ($24.96).