BP PLC (BP.L)

Close: 382.70 (+2.10), Dec 24, 2024
Negative

Low risk

chart BP PLC (BP) Candlesticks 22 Days
Candlesticks
chart BP PLC (BP) Short term
Short term: Weak Negative
chart BP PLC (BP) Medium term
Medium term: Negative
chart BP PLC (BP) Long term
Long term: Negative
chart BP PLC (BP)
RSI - Relative Strength Index

Short term

BP PLC is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the stock, and indicates negative development for the company. The stock is moving within a rectangle formation between support at 377 and resistance at 399. A decisive break through one of these levels indicates the new direction for the stock. The stock is approaching support at 378 pence, which may give a positive reaction. However, a break downwards through 378 pence will be a negative signal. The stock is overall assessed as technically slightly negative for the short term.

Recommendation one to six weeks: Weak Negative (Score: -46)

Medium term

BP PLC has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock is moving within a rectangle formation between support at 377 and resistance at 399. A decisive break through one of these levels indicates the new direction for the stock. The stock gave a negative signal from the rectangle formation by the break down through the support at 441. Further fall to 358 or lower is signaled. The stock has support at pence 370 and resistance at pence 397. The stock is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -80)

Long term

BP PLC shows weak development in a falling trend channel in the long term. Falling trends indicate that the company experiences negative development and falling buy interest among investors. The stock gave a negative signal from the double top formation by the break down through the support at 449. Further fall to 361 or lower is signaled. The stock is approaching support at 366 pence, which may give a positive reaction. However, a break downwards through 366 pence will be a negative signal. The stock is overall assessed as technically negative for the long term.

Recommendation one to six quarters: Negative (Score: -76)


Overall analysis

BP PLC is technically negative for the short, medium, as well as the long term.

Recommendation one to six months: Negative (Score: -82)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.27%5 236.90+0.55%
5 days-72.984.04%17 063.99+0.51%
22 days-39.259.63%14 589.44-2.63%
66 days-39.8019.13%16 800.84-7.06%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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