Technical analysis from Bhp Billiton (BHP.AX, ASX:BHP.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Bhp Billiton
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Bhp Billiton: Daily Downtrend remains intact
Short Trend /
Bhp Billiton: Daily Downtrend remains intact

[BEARISH]: Bhp Billiton is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 4

Daily trading has confirmed an Aroon strong uptrend (88) for Bhp Billiton
Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (88) for Bhp Billiton

[BULLISH]: Bhp Billiton has a current ARO(25) of 88. This has change -4 points from yesterday.

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for BHP

[BULLISH]: Bhp Billiton current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 2806.

Elders Force Index /
[Bullish]: Continued buying pressure for Bhp Billiton has been confirmed

BHP: Elders Force Index Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH CROSSOVER (3) 21 May: BEARISH

Pivot Points /
Bhp Billiton has broken the first support point ($33.804) [Bearish]

Bhp Billiton has broken the first support point ($33.804) [Bearish]. Look for a short limit order entry near this point. Exit price for BHP should be set @$33.667 & short position stoploss for Bhp Billiton should be set between $34.247 & $34.384

Closing Price /
Weaker price performance from BHP has seen a lower close of -0.4 % [Downtrend]

BHP: CLOSE Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH (3) 17 May: BULLISH

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Volume /
[Bearish]: Lower volume has formed for BHP by -33.9 during the last trading session

[BEARISH]: Bhp Billiton current volume downtrend in the first timeframe. Volume for BHP is 3.75968e+006 (-33.9).

Bhp Billiton has maintained the 3rd timeframe trend [Uptrend]
Long Trend /
Bhp Billiton has maintained the 3rd timeframe trend [Uptrend]

[BULLISH]: Bhp Billiton has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Mar 22 2018.

Bhp Billiton: Sine Weighted Moving Average(5) (34.07)
Sine Weighted Moving Average /
Bhp Billiton: Sine Weighted Moving Average(5) (34.07)

[BEARISH]: Bhp Billiton currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.4%.

Opening Price /
[Bearish]: Bhp Billiton has opened -1.4 % weaker

BHP: OPEN Current Signal -> (1) 21 May: BEARISH (2) 18 May: BEARISH (3) 17 May: BULLISH

Rate of Change /
Bhp Billiton currently has positive rate of change for 8.608

BHP: ROC Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Demarks Pivot Points /
[Long]: Entry price for BHP should be set @$33.995

Bhp Billiton has broken the first DeMark resistance point ($33.9950) [Bullish]. Look for a long limit order entry near this point. Exit price for BHP should be set @$34.17 & Stoploss for Bhp Billiton should be set at $33.88

[Buying Pressure]: ERI has increased for Bhp Billiton during the last trading session
Elder Ray Index /
[Buying Pressure]: ERI has increased for Bhp Billiton during the last trading session

[BULLISH]: Bhp Billiton Elder Ray Index is signalling a Bullish movementERI is 0.904 indicating bull power. Prices are being driven above the consensus of value for BHP during the last trading session [Buying Pressure]

Weighted Moving Average(5) signal is confirmed for Bhp Billiton indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal is confirmed for Bhp Billiton indicating downward price movement is likely

[BEARISH]: Bhp Billiton currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.4%.

Percentage Price /
Bhp Billiton: Price Percentage Oscillator

[BULLISH]: Bhp Billiton currently has positive PPO 3.301%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Exponential Moving Average /
Bhp Billiton is in a short term uptrend with the closing price @$33.94

BHP: EMA(5) Current Signal -> (1) 21 May: BULLISH (2) 18 May: BULLISH (3) 21 May: BULLISH

Moving Average Envelope /
Overbought signal for the Upper Envelope band is still current for Bhp Billiton

[BEARISH]: Bhp Billiton current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 33.5895.

Bhp Billiton is being actively accumulated
Accumulation / Distribution /
Bhp Billiton is being actively accumulated

[BULLISH]: Bhp Billiton current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 5.24289e+006.

Price dipped from high volume trading for Bhp Billiton during last trading session
Ease of Movement /
Price dipped from high volume trading for Bhp Billiton during last trading session

BHP: EOM Current Signal -> (1) 21 May: BEARISH HARD (2) 18 May: BEARISH HARD (3) 21 May: BULLISH EASY

Bhp Billiton: Two Crows
Two Crows /
Bhp Billiton: Two Crows

[BEARISH]: Bhp Billiton has formed a new Two Crows reversal pattern.

Williams %R /
William %R (-18.8) for BHP is still above the Overbought limit

[BULLISH]: Bhp Billiton is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Average True Range /
Bhp Billiton has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Bhp Billiton has a TR of 0.29, and an ATR(14) of 0.49.

Volume Rate of Change /
Volume rate of change is now building for Bhp Billiton signalling a short term downtrend is likely

[BEARISH CROSSOVER]: Bhp Billiton currently has negative rate of change of -31%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.4%.

Close Tod Vs Close Yest /
Bhp Billiton: Share price fall (-0.4% signals sellers are still keener than buyers

[BEARISH]: Bhp Billitonsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for BHP adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.0 & the greatest daily negative change this year has been -4.8. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -6.7%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -1.4%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.3x. Over the last month the average daily downward movement has been -0.500000%

Woodie pivot point for BHP is bearish. Stoploss should be positioned @$34.243
Woodie Pivot Point /
Woodie pivot point for BHP is bearish. Stoploss should be positioned @$34.243

Bhp Billiton current pivot point (Woodie) is: $33.953. The current resistance levels are: (R1) $34.086: (R2) $34.243The current support levels are: (S1) $33.796: (S2) $33.663

[Bearish]: Bhp Billiton current trading has maintained the Relative Strength Index to Overbought status
Relative Strength Index /
[Bearish]: Bhp Billiton current trading has maintained the Relative Strength Index to Overbought status

[BEARISH]: Bhp Billiton is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @78

Fibonacci Extensions /
Bhp Billiton has moved above the 161.8% extension level ($0.99) [Bearish]

Bhp Billiton has moved above the 161.8% level ($0.99) [Bearish]. Look for a short limit order entry near this point. Exit price for BHP should be set @$0.83 & short position stoploss for Bhp Billiton should be set at $1.15

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