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BP

BP MIdstream also finishing off its sail down the stream. BPMPAn almost identical technical picture to the previous (IEP). It looks like we are almost done correcting in this one, but who knows. These types of analyses can show us a way of how things may eventuate, but rarely are they 100% accurate. The market always has a mind of its own, but luckily for us, an inkling of what might happen on the market is usually enough to be profitable. We do not need to know what the market will definitely do, just an indication of what it is likely to do. The rest usually takes care of itself. And all of that is purely with the technical picture alone. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BShort
by Rykin_Capital
BP p.l.c stock analysis - bullish trendSwing-Trade analysis (1d chart) SMMA-Analysis & Support and Resistance: - The 100er SMMA (yellow) seems to be used as a major support line since the middle of August 2021. - Golden Cross (bullish breakout pattern): We can see how the 50 SMMA (white) cut the 200 SMMA (red) in the end of October 2021. If the 100er SMMA cuts the 200er before the 8th of February (Earnings & Revenue Disclosure), we have another strong buy signal. - The green line shows a mid-term resistance at 3,95 USD Chart-Pattern: - We see a bullish channel (thin yellow lines) - if you extend the lines to the left, you can clearly see that the channel started in November 2020. - We also see a symmetrical triangle (thin white lines) which might indicate a bullish continuation if the upper line is going to be cut; or reversal if the lower line is going to be cut. However, it seems that investors are waiting for the 8th of February, because the triangle closes in that area. Momemtum Indicators: RSI: No divergence detected. RSI moves around 50 for a while which means that the stock is neither overbought nor oversold. MACD: The histogram turns to the green zone which indicates the market is increasing in buying momentum. MACD line rises above the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience upward momentum. CVO OBV: No divergence detected. However, the histogram is above zero since the beginning of December which confirms an upward momentum. Conclusion: Based on the findings we see an upward continuation. I would place a long position before the earnings report at around 4 USD. Possible Sell-order might be at around 4,3 USD (below the annual high of 2021) or even higher. Stop-loss should be placed on the 100er SMMA. A more conservative stop-loss might be the 0.236er FIB at 3,834 USD. Last but not least, It seems that investors are waiting for February earning results, and for this reason my analysis should be taken with a grain of salt.
XETR:BPE5Long
by Cenkson
1
Energy stocks for high inflation era..!it seems Energy stocks are ready to finish their correction and started a new rally! Keep them in your portfolio during high inflation times! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:XOMLong
by Moshkelgosha
1
Will BP be able to regain its former glory or fall is inevitableToday we will look at the chart of the price movement stocks of British Petroleum , BP, British Petroleum Corp. - a corporation that for many years has been among the leaders of the oil and gas, petrochemical and coal industries on all continents. They had an interesting history of BP stock pricing in accordance with the events in the world at that time. Therefore, we will share our observations. 1) When the world was affected by the "First Oil Crisis" in 1973, the share price dropped threefold from $3.50 to $1.13 , where the historical minimum was set. 2) However, already during the "Second Energy Crisis" — the Islamic Revolution in Iran in 1979-1980, the value of BP shares increased threefold from $4 to $12. Then the corporation was actively exploring new deposits on different continents of the world, which allowed it to diversify such risks as the revolution in Iran or the nationalization of their assets in Nigeria in 1979. 3) Although in 2000-2010 the value of British Petroleum shares reached its maximum of $80 , nevertheless, a number of man-made disasters took place in the corporation, the maximum in power among which was the explosion of a tower in the Mexican Gulf in April 2010. Then the value of shares and capitalization collapsed by 56% 4) It would seem that it could not be worse, but 2020 proved that there can be, and a 63% drop in the value of shares of there proof. First, the CoviD crisis (late 2019 — early 2020), then the negative value of WTI oil futures and a general decrease in demand for oil and oil refining materials from cars and aircraft, forced the corporation to fix a loss in 2020 at $5.7 billion , however, they predicted -$4.8 billion British Petroleum's annual reports are considered almost inside information. They predict that by 2050 the demand for "clean" energy from renewable resources will increase from the current 5% to 55-60%. Accordingly, companies that do not have time to implement a high-quality and smooth energy transition from oil, gas and coal to the production of "clean" energy from renewable resources are doomed to fall. Finally, our thoughts on the possible future price of BP's stock. For ourselves, we single out the level of $20, as critical. Fixing the price above this level will suggest that the corporation is making an energy transition according to the schedule, and, accordingly, the price of shares may rise to $36 , to begin with. If the BP stock price starts trading below $20 , it means that something is wrong in the company and soon this news will be available to everyone and in general, and the value of the shares themselves may fall to $10-12
NYSE:BP
by P_S_trade
40
$BP Confirming $27 Support LevelBritish Petroleum $BP Current Price $27.38 Price Target $32 $27c 10/15 ( $216, 6% till breakeven) Good stock to own as we continue to see Oil move higher as we go into the summer driving season. If we get $75-$80 a barrel on oil BP’s earnings will benefit greatly.Under 10PE almost 5% dividend makes BP very attractive here. Now that we have confirmed $27 support level we should move up to the top line of resistance in current trading range to about $32.
NYSE:BPLong
by Value-Invest
BUY $BP - NRPicks April 04 BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.3 million barrels of liquids and 9.5 billion cubic feet of natural gas per day, including volumes from its 20% ownership interest in Rosneft. At year-end 2019, reserves stood at 19.3 billion barrels of oil equivalent, 59% of which are liquids. The company operates refineries with a capacity of 1.9 million barrels of oil per day. Market Cap: 83 B Rev: 180 B Dvdn Yld: 6.41% Operating Cash Flow (Proxy): -551 M (covid) 30 B(TTM 2019) LT Debt: 72 B Employments: 63K ROE: 5% (TTM 2019) P/S 0.45 Earnings and Revennue growth: 50% (Next 3 Years)
NYSE:BPLong
by NewroadTrader
BP p.l.c. (NYSE: $BP) Could Double, Triple OR More 📈BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage. The company is also involved in the convenience and mobility business, which manages the sale of fuels to wholesale and retail customers, convenience products, aviation fuels, and Castrol lubricants; and refining, supply, and trading of oil products, as well as operation of electric vehicle charging facilities. In addition, it produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, digital transformation, and power and storage areas. BP p.l.c. was founded in 1908 and is headquartered in London, the United Kingdom.
NYSE:BPLong
by RedHotStocks
Short-term Long for BPNYSE:BP There is an upside potential to test the nearest resistance 25.72, despite the retreat of oil price last week. The hourly chart shows bullish indicators following the golden cross ema. Additionally, 30-minute charts emphasize this short-term bull for the coming week. happy trading and stay safe. Disclaimer: This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
NYSE:BPLong
by bakkarianz