BLT.L closes below its opening price unable to hold early session gains

BHP (BLT.L) Technical Analysis Report for Sep 14, 2018

Highlights

BLT.L closes below its opening price unable to hold early session gains
BLT.L closes higher for the 3rd day in a row
BLT.L rises to highest close since September 6th
BLT.L closes within previous day's range after lackluster session
BLT.L ends the day indecisive

TQ Sentiment

Report Sentiment: 20% Bearish
Technical Forecast:

Overview

Moving higher for the 3rd day in a row, BLT.L ended the week 0.75% higher at 1530.40 after gaining £10.40 (0.68%) today. Today's closing price of 1530.40 marks the highest close since September 6th. Trading £14.20 higher after the open, BHP was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for BLT.L

Volatility

Friday's trading range was £19.40 (1.26%), that's far below last trading month's daily average range of £33.59. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being way above average.

Trend

The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being slightly bullish.

Market Conditions for BHP

Loading Market Conditions for $BLT.L (BHP)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when BHP traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Market Movers

Related Stocks

AAL.L 10 day candlestick chart for AAL.L 1,655.60 79.60 (5.05%)
ANTO.L 10 day candlestick chart for ANTO.L 837.00 46.40 (5.87%)
BP.L 10 day candlestick chart for BP.L 553.40 3.30 (0.60%)
CRDA.L 10 day candlestick chart for CRDA.L 5,112.00 -2.00 (-0.04%)
CRH.L 10 day candlestick chart for CRH.L 2,476.00 16.00 (0.65%)
EVR.L 10 day candlestick chart for EVR.L 527.40 18.20 (3.57%)
FRES.L 10 day candlestick chart for FRES.L 825.60 29.20 (3.67%)
GLEN.L 10 day candlestick chart for GLEN.L 319.60 10.90 (3.53%)
JMAT.L 10 day candlestick chart for JMAT.L 3,589.00 64.00 (1.82%)
MNDI.L 10 day candlestick chart for MNDI.L 2,098.00 -11.00 (-0.52%)
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!