BP stock: buy or sell

BP stock price: $24.40 0.62% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021


BP stock brief

  • BP stock slightly moved 0.62% to close at $24.40 on the stock market on Wednesday.
  • BP is presenting its earnings report next 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?

In the current situation of BP there is not any eligible buy setup. This doesn't mean we expect a selloff for $BP in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell BP stock?

When you are a novel trader and you own stock shares with some profit, it's really hard to decide the good moment to sell and get your profits. Trading strategies help us to avoid impulsive decisions based on our moods or the buzz surrounding the market. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups should not be used for selling short $BP stock

A guiding principle is that you must never mantain an open trade that generates greater losses than those expected at the time of purchase. The timing to sell your stock always has to be ruled 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 own BP stock and your operation is in profit probably is not time to sell now

BP ratings

In the previous 30 days we couldn't find any rating for BP

BP stock analysis

SMAs overview

BP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $24.41 (0.04% above)
  • R2: $24.42 (0.08% above)
  • R3: $24.45 (0.20% above)
  • The current support levels are:

  • S1: $24.38 (-0.08% below)
  • S2: $24.33 (-0.29% below)
  • S3: $24.27 (-0.53% below)
  • Bollinger bands

    Since the price broke down the lower band on July 20, the price bounced by 7.77%

    BP stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold line of 30 on July 21 after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI value on Wednesday was 42.82. Since that level was crossed up, BP stock skyrocketed a 5.58%

    BP stock RSI chart

    BP stock price history

    BP went public on Jan 2nd, 1962 at $0.00 per share1. Since then, BP stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on Jan 1962 would be valued $inf nowadays.

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

    BP stock price history chart

    Price target for BP stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and many times. If you are a small trader you shouldn't trade based on these predictions.

    In the previous 30 days we couldn't find any price target posted for BP stock.

    Earnings and financials

    BP ($BP) releases quarterly financial report next Tuesday. Wall Street analysts predict of $0.56, that is a 28.21% less than previous quarter. Turn over estimates for are $37.7 billion.

    Last April, BP p.l.c. ($BP) posted adjusted EPS for that significantly beat analysts' expectations. Quarterly EPS was $0.78 per share compared to the forecasted $0.38. This quarterly report means an earnings surprise of 105.26%. Predicted revenue was $58.9 billion but BP poorly missed by 41.37%, reporting $34.5 billion.

    This compares to Earnings of $0.24 per share same quarter last year, so posted EPS means an improvement of 225.00%. Looking at turnover, figures tanked a -42.32% compared to $594.5B same quarter 12 months ago.

    BP performance

    BP performance compared
    BP ($BP) -8.10% -4.40% 9.50%

    Important note:
    The thoughts given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not know the particular positions of the reader, his or her own 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 Opinions are expressed for educative motives only

    BP summary

    Wednesday, July 28th, 2021
    Day range$24.18 - $24.52
    Previous close$24.25
    Session gain0.62%
    Average true range$0.91
    50d mov avg$26.26
    100d mov avg$25.75
    200d mov avg$23.06
    Earnings dateAugust 3rd, 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 had no ratings in the last 30 days Read the article to get additional tips on trading BP stock.

    Will BP go up?

    There were no price targets posted by market analysts in the last 4 weeks for BP.