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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
$64.65
$1.58(2.39%)
Australian Market opens in 4h 15m

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 neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 61.85)
Trend Strength:Weak (ADX: 19.84)
Volatility:Medium (ATR: 1.43)
Support/Resistance:$60.80 – $68.56 (Bollinger Bands)

Technical conditions suggest BHP Group Limited on the ASX is awaiting a decisive move. Overall, BHP Group Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 61.85

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 74.94

Bullish
Buying momentum building without extremes.

Williams %R: -24.43

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 5.34

Strongly Bullish
Strong upside momentum.

Takeaway:BHP Group Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 1.63

Bullish
Bullish, trend momentum is strengthening.

ADX: 19.84

Weak
Weak trend, market trading sideways.

ATR (14): 1.43

Low
Low volatility, stable price action.

CCI (14): 45.27

Bullish
Bullish, momentum building upward.

Takeaway:BHP Group Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$68.56
Middle Band (SMA 20)
$64.68
Lower Band
$60.80
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$67.65
Middle Line (EMA 20)
$64.79
Lower Channel
$61.92
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-15.35M
Money Flow Index50.98Neutral, balanced money flows with no clear signal.
Relative Vigor Index52.31Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:BHP.AX shows bullish money flow, with volume and vigor supporting buyers.

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.

MACD above 0 → bullish trend confirmation.

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

Bearish Signals

No significant bearish signals detected.

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

(ASX: BHP.AX) Technical Analysis FAQ