BP (BP.)

Sell: 514.00p

Buy: 514.20p

Change: 4.70p | 0.92%

Last updated 14:54 02/05/24. Prices delayed by at least 15 minutes. Change is calculated based on previous close price.

Technical analysis

The information in this section is provided by Noesis Tech Analysis not Barclays.

This share factsheet isn’t an investment recommendation. We don’t offer personal advice so if you’re unsure, please seek independent advice. Remember, the value of investments can fall as well as rise and you may get back less than you invest.

Trend

The trend arrows show short, mid and long term signal.

Short term:

Strong Bullish
Medium term:

Bullish
Long term:

Neutral

Short term comment

A technical perspective establishes the structure of the price as bullish but very close to the support and critical area that today generates the upward guideline in 478.95 levels. The 478.95 - 467.992 range represents an area of ??greater neutrality, so the loss of 478.95 would prevent a bullish rating.

Long term comment

Although on the 18th of february lows at 440.983 were reached, lower levels than the previous reference lows in september 2023 at 446.998, the current bullish trend has been able to rebound, thus advancing by 22.7% and above, again, both levels, with highs, at the moment, in quotas of 541.000.

Technical outlook

Bullish in the long term, although it must still break above the resistance at 21.07 to slightly improve in the short term.

Technical Comment: Outperform

Oscillators

Moving average

View technical details

Pivot points

Pivot points
Support 3	Support 2	Support 1	Resistance 1	Resistance 2	Resistance 3
505.7000	515.3000	519.2000	528.8000	534.5000	544.1000

Alerts

Alerts
Priority	Date	Warning
Medium priority	24/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	24/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	23/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
Medium priority	23/04/2024	A price above the moving average indicates an upward trend. Consequently, if the price is dragged below, it would change to bearish.
High priority	23/04/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.
Medium priority	22/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	22/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	19/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
Medium priority	19/04/2024	Since the price is close to the moving average, it could strengthen to the upside, aothough quotes below it would signal a bearish reversal.
Medium priority	19/04/2024	Being near (below) the short-term moving average may react at least temporarily to the downside, but if it breaks above the level the signal would be reversed to bullish.
High priority	19/04/2024	The price is close to a resistance level so it is recommended to monitor behavior when reaching it.

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