BP p.l.c. technical analysis
Technical analysis of BP p.l.c. (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is BP p.l.c.
BP p.l.c. is an integrated energy company founded in 1908 and headquartered in London that operates in the oil and gas business worldwide. The company is engaged in natural gas production and marketing, crude oil production, refining and trading, as well as renewable energy businesses including solar, wind, hydrogen, and bioenergy. It also provides aviation fuels, Castrol lubricants and fluids, retail fuel products, EV charging services, and midstream and business-to-business offerings.
Description generated automatically from public sources; it may be inaccurate or out of date.
BP p.l.c.: latest session data
Closing values for September 3, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
530.72 GBp
+1.69%
50 sessions
517.59 GBp
+4.27%
200 sessions
504.62 GBp
+6.95%
Session levels
s2
525.63
Support
s1
532.67
Support
pivot
539.53
Pivot
r1
546.57
Resistance
r2
553.43
Resistance
How to read it
In the September 3, 2026 session BP p.l.c. closed higher at 539.70 GBp, +0.00% versus the previous session.
The price sits above every moving average observed: +1.69% against the 21-session average, +4.27% against the 50 and +6.95% against the 200.
The 14-period RSI reads 54.9, in neutral territory.
MACD stands at 3.290 against a signal line at 2.967: the histogram is positive (+0.323).
ADX reads 19.6, indicating weak directionality.
Levels computed on the latest session place supports at 532.67 and 525.63 GBp and resistances at 546.57 and 553.43 GBp, around a pivot of 539.53.
The average daily range (ATR) is 14.553 GBp, or 2.70% of price.
Turnover was 43.9M shares, 87% of the 20-session average.
Over the last twelve months the price ranged between 450.53 and 609.23 GBp, and today stands −11.41% 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 BP p.l.c.
How is BP p.l.c. analysed technically?
Technical analysis of BP p.l.c. 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 BP p.l.c.?
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 BP p.l.c.?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to BP p.l.c. it helps frame the technical structure of the historical chart and is not a forecast.
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