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- 1 BHP Group stock price increased by 7.25% over the past seven days.
- 2 BHP Group Limited (NYSE: BHP) stock’s 52-week price range is $46 – $71.
The company’s earnings increased by 24.5% per year on average, while the industry average was 29%, annually, for the Metals and Mining sector. As reported by simply wall, a website that offers financial insights and analysis, the company’s revenues also rose significantly, at an average annual rate of 10.5%. The company has a return on equity of 42.9% and net margins of 30.1%.
The company’s debt-to-equity ratio is 30.6%, as its total shareholder equity is $46.6 Billion and its total debt is $14.2 Billion. Its total assets and total liabilities, as reported by simply wall, a website that offers financial insights and analysis, are $87.8 Billion and $41.3 Billion respectively. The company has an EBIT of $28.0 Billion, which gives it an interest coverage ratio of 155.8. It also has $9.9 Billion in cash and short-term investments.
The market capitalization of BHP stock is $157.634 Billion and the total revenue is $65.10 Billion. EPS is $7.85 and the price-to-earnings ratio is 7.92 while the average volume is 2.511 Million. The current volume is 2.466 Million which is below the average.
Moreover, the stock has not done well this month, falling by about -4.46%. It dropped by -11.97% in the last six months. BHP Group Limited (NYSE: BHP) stock has a negative year-to-date return of -0.76% and a positive 1-year return of 25.74%.
Technical Analysis of BHP Group Stock Price in 1-D Timeframe
The price action shows that BHP Group stock price ( NYSE: BHP) plunged by nearly 24% in five months, falling from $71.53 to $54.49 and formed lower highs and lower lows.
However, the BHP price rebounded from the major support near $54.49 and soared by about 18% in two weeks. The BHP stock price met resistance at $64.34 and retreated, shedding 11% and violating the uptrend.
Thereafter, BHP price touched the nearest support at $56.94 and then reversed from there. The price is trading at $61.11 at the time of publishing.
Moreover, BHP stock price is trading above all major EMAs, signaling bullishness in the market. The BHP Group Limited (NYSE: BHP) price is heading towards targets one and two, which are $64.26 and $66.13 respectively.
At the time of publishing, BHP Group stock price ( NYSE: BHP) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving average), which is supporting the price trend. Hence, the BHP Price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 54.45 points. The 14 SMA is at the median line at 50.05 points indicates that the price is neutral.
The MACD line at 0.3249 and signal line at 0.1269 are above the zero line and a bullish crossover was observed in the MACD oscillator which signals more bullishness for the BHP Stock.
Summary
BHP Group stock price shows that the investors and traders of the stock are bullish on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical parameters of the BHP stock also support the bullish trend. The major indicators MACD, RSI, and EMA are giving positive signals and imply that the uptrend may continue.
Technical Levels
- The nearest support levels: $56.94 and $54.48.
- The nearest resistance levels: $64.26 and $66.13.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
