BHP Group Limited technical analysis
Technical analysis of BHP Group Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is BHP Group Limited
BHP Group Limited is a resources company founded in 1851 and headquartered in Melbourne, Australia. The company operates in copper, iron ore, and coal segments, and also mines gold, zinc, lead, molybdenum, silver, cobalt, and nickel, as well as potash development activities. BHP Group is also engaged in mining, smelting, and refining operations, along with towing, freight, marketing, and administrative support services.
Description generated automatically from public sources; it may be inaccurate or out of date.
BHP Group Limited: latest session data
Closing values for October 20, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
60.81
−3.73%
50 sessions
61.98
−5.55%
200 sessions
56.43
+3.74%
Session levels
s2
58.57
Support
s1
59.03
Support
pivot
59.39
Pivot
r1
59.85
Resistance
r2
60.21
Resistance
How to read it
In the October 20, 2026 session BHP Group Limited closed lower at 58.54 , −1.61% versus the previous session.
The price sits mixed against its moving averages: −3.73% against the 21-session average, −5.55% against the 50 and +3.74% against the 200.
The 14-period RSI reads 41.1, in neutral territory.
MACD stands at -0.589 against a signal line at -0.363: the histogram is negative (−0.226).
ADX reads 13.2, indicating weak directionality.
Levels computed on the latest session place supports at 59.03 and 58.57 and resistances at 59.85 and 60.21 , around a pivot of 59.39.
The average daily range (ATR) is 1.364 , or 2.33% of price.
Turnover was 5.9M shares, 80% of the 20-session average.
Over the last twelve months the price ranged between 53.78 and 67.30 , and today stands −13.02% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about BHP Group Limited
How is BHP Group Limited analysed technically?
Technical analysis of BHP Group Limited is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for BHP Group Limited?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to BHP Group Limited?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to BHP Group Limited it helps frame the technical structure of the historical chart and is not a forecast.
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