British Petroleum In NYSE | US Stock Chart Stories | AmiBrokerAcademy.com

May 24, 2018

 

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US Stock Analysis

British Petroleum listed in NYSE

See chart on moving average, bollinger bands and price action. Picture worth a thousand words. BP PLC ADR stock price.

 

Price Action and Moving Averages:

BP has closed above its 20 period moving average.

20 Period Short Term moving average is currently above Mid Term and Long Term Moving Average. Mid Term MA is above Long Term MA.

Therefore relationship between price action and moving averages is bullish.

 

Bollinger Bands:

BP has closed below upper band.

Bollinger Bands are wider than normal.

The current width of the bands alone does not suggest anything conclusive about the future volatility or movement of prices.

 

Manage your Risk:

Trade with eyes open, wait for the price action to retrace before buy. 

 

May 22, 2018 BP and Moving Average and Bollinger Bands

 

 

See chart for more. Manage your risk.

 

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