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BHP Group Limited

BHP.AX Technical Analysis Summary (ASX)

Analyze BHP.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

BHP.AX●ASX
Basic MaterialsIndustrial Materials
$57.62
$2.06(3.71%)
Australian Market opens in 53h 2m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

BHP.AX Technical Analysis Summary (ASX)

BHP Group Limited (ASX: BHP.AX) stock currently shows a bullish trend on the ASX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 50.78)
Trend Strength:Moderate (ADX: 20.14)
Volatility:Medium (ATR: 1.50)
Support/Resistance:$54.37 – $62.50 (Bollinger Bands)

Technical conditions suggest BHP Group Limited on the ASX is awaiting a decisive move. Technical signals confirm buyers remain in control of BHP Group Limited’s price action.

Momentum Indicators

RSI (14): 50.78

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 39.33

Bearish
Momentum remains weak below midpoint.

Williams %R: -25.86

Bullish
Buying pressure building steadily.

Rate of Change (ROC): -1.72

Bearish
Selling pressure outweighs buying.

Takeaway:BHP Group Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -1.10

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 20.14

Moderate
Moderate trend, direction gaining strength.

ATR (14): 1.50

Low
Low volatility, stable price action.

CCI (14): 51.81

Bullish
Bullish, momentum building upward.

Takeaway:BHP Group Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$62.50
Middle Band (SMA 20)
$58.43
Lower Band
$54.37
Current Position
Within Bands

Takeaway:BHP Group Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$61.26
Middle Line (EMA 20)
$58.26
Lower Channel
$55.25
Squeeze Status
No Squeeze

Takeaway:BHP Group Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-40.97M
Money Flow Index35.66Bearish, selling pressure outweighs inflows.
Relative Vigor Index47.34Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:BHP.AX shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of BHP Group Limited (ASX: BHP.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for BHP Group Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: BHP.AX) Technical Analysis FAQ