RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BHPLF
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BHP Group stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The BHP Group stock price gained 1.61% on the last trading day (Wednesday, 27th Mar 2024), rising from $28.00 to $28.45. During the last trading day the stock fluctuated 2.68% from a day low at $28.43 to a day high of $29.19. The price has risen in 7 of the last 10 days but is still down by -0.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 161 thousand more shares were traded than the day before. In total, 381 thousand shares were bought and sold for approximately $10.85 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.96% during the next 3 months and, with a 90% probability hold a price between $22.95 and $25.52 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BHPLF Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 3.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BHP Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $29.01. On a fall, the stock will find some support from the short-term average at $28.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for BHP Group stock

BHP Group finds support from accumulated volume at $28.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.762 (2.68%) between high and low. For the last week, the stock has had daily average volatility of 2.86%.

Our recommended stop-loss: $27.00 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (BHPLF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect BHP Group to open at $28.69, and during the day (based on 14 day Average True Range), to move between $27.26 and $29.65, which gives a possible trading interval of +/-$1.20 (+/-4.21%) up or down from last closing price. If BHP Group takes out the full calculated possible swing range there will be an estimated 8.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $28.45 (0.03%) than the resistance at $29.02 (1.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BHP Group stock A Buy?

BHP Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.725 Hold/Accumulate Upgraded

Predicted Opening Price for BHP Group of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$28.69 ( 0.84%) $28.45

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BHPLF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.45 3.52 %
R2 29.16 2.49 %
R1 28.98 1.86 %
Current price: 28.45
Support S1 28.40 -0.184 %
S2 28.22 -0.82 %
S3 27.93 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 31.65 11.24 %
R2 30.01 5.45 %
R1 29.02 1.98 %
Current price 28.45
Support S1 28.45 -0.0281%
S2 28.38 -0.274%
S3 28.03 -1.49%

BHPLF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Mar 07, 2024 Mar 28, 2024 $0.720 2.53%
2 Aug 23, 2023 Sep 07, 2023 Sep 28, 2023 $0.80 2.80%
3 May 27, 2023 Mar 09, 2023 Mar 30, 2023 $1.29 4.08%
4 Sep 01, 2022 Sep 01, 2022 Sep 01, 2022 $2.50 10.11%
5 Sep 02, 2021 Sep 02, 2021 Sep 02, 2021 $2.86 9.46%

FAQ

What is the symbol for BHP Group Stock and on which exchange is it traded?
The symbol for BHP Group is BHPLF and it is traded on the PINK (Pink Sheets).

Should I buy or sell BHP Group Stock?
BHP Group holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy BHP Group Stock?
BHP Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy BHP Group Stock.

What's the current price of BHP Group Stock?
As of the end of day on the 2024-03-27, the price of an BHP Group (BHPLF) share was $28.45.

What is the 52-week high and low for BHP Group Stock?
The 52-week high for BHP Group Stock is $35.60 and the 52-week low is $26.50.

What is the market capitalization of BHP Group Stock?
As of the 2024-03-27, the market capitalization of BHP Group is 144.181B.
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About BHP Group

BHP Group BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. It is al... BHPLF Profile

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