Stock Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
BP Plc (NYSE:BP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BP
The long term trend has been DOWN since May 29th, 2019 at 40.8600
The intermediate term trend has been DOWN since Jul 15th, 2019 at 40.7100
The short term trend has been UP since Aug 19th, 2019 at 36.5348
Smart Scan Analysis for BP
Based on a pre-defined weighted trend formula for chart analysis, BP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||47.83||Year High Date||2018-05-21|
|Year Low||36.15||Year Low Date||2018-02-05|
|52wk High||47.57||52wk High Date||2018-06-07|
|52wk Low||36.28||52wk Low Date||2018-12-26|
|Year End Close||41.64||Average Volume||5,200,003|
|Shares Outstanding||1,500,432||Short Interest||7,205,888|
|% Institutional||12.7||Market Cap||141,626M|