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BP. - 4 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
LSE:BP.Long
by TheArtOfCharting
2
BP Shares Soar Amidst Plans to Boost Shareholder ReturnsBP Corp ( NYSE:BP ), the British oil giant, witnessed a significant surge in its stock prices, jumping by more than 5%, following its announcement to enhance shareholder returns. Despite experiencing a notable decline in its annual profit, the company’s strategic moves to accelerate share buybacks and increase dividends have invigorated investor confidence. Accelerated Share Repurchases and Dividend Increases NYSE:BP ’s proactive approach towards enhancing shareholder value includes a rapid pace of share repurchases, with plans to execute a $1.75 billion buyback before reporting first-quarter results. Additionally, the company has committed to a substantial $3.5 billion share buyback for the first half of the year. Moreover, BP announced a 10% increase in dividend per ordinary share for the final quarter of 2023, reflecting its dedication to rewarding investors. Financial Performance Analysis Despite a steep fall in its underlying replacement cost profit, dropping from a record $27.7 billion to $13.8 billion for 2023, NYSE:BP managed to surpass analyst expectations for fourth-quarter net profit, demonstrating resilience amidst challenging market conditions. The company’s robust operational performance in gas trading offset the impact of significantly lower industry refining margins. Market Response and Analyst Insights The market responded positively to NYSE:BP ’s commitment to shareholder returns, with shares ending Tuesday’s session 5.5% higher. Analysts at RBC Capital Markets viewed NYSE:BP ’s extended commitment to share buybacks through 2025 as a favorable surprise, indicating confidence in future performance. The clarity provided by BP regarding its shareholder return plans has been particularly well-received by oil investors. Leadership and Strategic Challenges NYSE:BP ’s strategic decisions come amidst pressure from activist investors, urging the company to prioritize oil and gas investments over clean energy initiatives. The recent appointment of Murray Auchincloss as permanent CEO follows a period of leadership transition, raising questions about the company's direction under new management. Climate Change Agenda NYSE:BP ’s stance on climate change has evolved, with the firm initially pledging ambitious emissions reduction targets. However, subsequent adjustments to its climate plans have stirred debate, reflecting the delicate balance between sustainability goals and meeting global energy demand. Conclusion NYSE:BP ’s proactive measures to boost shareholder returns amid a challenging economic landscape demonstrate its commitment to delivering value to investors. While facing pressure from activist investors and navigating leadership changes, the company remains focused on its strategy of delivering sustainable long-term value while balancing environmental responsibilities with meeting energy demand. As NYSE:BP charts its course in the evolving energy landscape, its ability to adapt and innovate will be critical in shaping its future trajectory.
NYSE:BPLong
by DEXWireNews
A Short Position Opportunity EmergesHello, Introduction: Investors often seek lucrative opportunities in the stock market, and identifying potential short positions can be a key strategy. In this analysis, we turn our attention to BP Plc, a prominent integrated oil and gas company. The current market conditions suggest a favorable setup for a short position, with the company exhibiting signs of struggle amidst a challenging environment. Company Overview: BP Plc operates in the oil and gas industry, with a diversified portfolio that includes the Upstream, Downstream, and Rosneft segments. The Upstream segment encompasses oil and natural gas exploration, field development and production, midstream transportation, storage and processing, as well as marketing and trade of natural gas, including liquefied natural gas and power, and natural gas liquids. Technical Analysis: The technical analysis of BP's stock reveals a concerning trend that signals a potential short position. The company's stock price is currently navigating a channel at the top, indicating a resistance level that the price is struggling to surpass. This resistance may indicate a market sentiment shift, prompting caution among investors. Sell Recommendation: Considering the observed market conditions, a strategic short position is recommended. Investors may consider selling BP shares at the current price of $37.75 USD. This entry point aligns with the identified resistance level, providing an optimal opportunity to capitalize on a potential downturn in the stock's performance. Target Price: To set realistic profit expectations, a target price of $16.0 USD is recommended. This target is based on the analysis of the current market conditions, the resistance level, and the historical performance of BP's stock. Investors should monitor the stock closely and consider implementing risk management strategies to safeguard their investments. Rationale for the Short Position: Several factors contribute to the rationale behind the recommended short position on BP. The challenging global economic conditions, geopolitical uncertainties, and the volatility of oil prices are among the key factors influencing the company's performance. Additionally, the struggle of the stock price to maintain an upward trajectory despite these challenges raises concerns about its resilience in the current market environment. Conclusion: In the dynamic world of financial markets, identifying strategic opportunities is crucial for investors seeking to maximize returns. BP Plc's current market conditions present an interesting scenario for a short position, with the stock exhibiting signs of resistance at the top of its channel. Investors are advised to conduct further research, stay informed about market developments, and carefully consider risk management strategies before making investment decisions. As with any investment, it's important to stay vigilant and adapt to changing market dynamics. Good luck
NYSE:BPShort
by thesharkke
BP's Q3 Profits Dip as Energy Trading FaltersBP (BP.) Financial Snapshot: BP reported a significant drop in third-quarter profits, with underlying earnings totalling $3.3 billion, down from $8.2 billion in the same period a year earlier. These results fell short of market expectations, which had anticipated earnings of $4 billion. Today’s results were BP’s first since the resignation of CEO Bernard Looney in September. Looney's resignation was prompted by his failure to disclose past relationships with colleagues. Interim CEO Murray Auchincloss highlighted the company's strong operational performance, noting that oil and gas production was 3% higher than the previous year, and production costs were 6% lower. However, these positive operational aspects could not fully offset the impact of lower prices for BP's hydrocarbons and lower-than-expected results from its gas trading operations. Despite the sharp decline in earnings, BP continued with its share buyback program, announcing plans to repurchase an additional $1.5 billion of shares. Market Reaction: The market's initial response to BP's results has been negative, with the stock dropping more than 22p. To put this price movement in perspective, BP's Average True Range (ATR) is 13p, which means today's gap down is more than 1.5 times the magnitude of a typical trading day for BP. This morning's negative gap has taken prices back to the 200-day moving average (MA), a closely watched metric for long-term investors. The move lower has also brought prices closer to short-term swing support created by the early-October swing lows. If BP manages to rally during today's session and close this morning's gap, it would be viewed as a very bullish sign. However, if the shares fail to close the gap, it would signal that short-term momentum remains bearish. BP. Daily Candle Chart Past performance is not a reliable indicator of future results Risk Management: The release of financial results tends to amplify a stock's volatility. For those considering trading BP, the ATR serves as a valuable tool to help traders account for a stock's volatility when setting stop losses and limit orders. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
LSE:BP.
by Capitalcom
BP May Face Upward PressureEnergy stocks have been running lately. One big name has lagged but may play catch-up: BP. The first pattern on today’s chart is the $37.36 level. It was the opening price on May 2 when the stock gapped lower. Prices have remained below that line since, which may create the potential for a breakout if resistance gives way. Second, May ended with a false breakdown under the March low of $34.14. Next came a series of higher weekly lows. Are buyers lurking near the current range? Third, BP reclaimed its 50- and 200-day simple moving averages (SMA) almost a month ago. The 8-day exponential moving average (EMA) has also remained above the 21-day EMA. Those signals may indicate the short- and long-term trends are getting more bullish. Finally, BP may resemble Home Depot on June 21 . It was also quiet as the broader housing group surged, only to break resistance and trend higher. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:BP
by TradeStation
2
BP has demonstrated resilienceIn the ever-changing global energy market, BP, the British oil company, has demonstrated resilience. Facing geopolitical challenges and supply disruptions from the Russia-Ukraine war and OPEC+ decision to limit global production, BP stands at the forefront of the dynamic changes in global energy supply and benefits from the persistent energy inflation that has become the norm for most developed economies. Meanwhile, the UK government's proposal of an "energy profits levy" has brought uncertainty to the North Sea oil and gas industry, and the market is now contemplating the impact of this positive move on BP's future prospects. The significant supply disruptions from Russia and OPEC have heavily impacted the global oil market, with Brent crude prices surging to $120 per barrel following the EU's compromise deal to ban most Russian oil imports by the end of 2022. For BP, this volatile energy landscape has brought both challenges and opportunities. Recent government interventions aimed at addressing the cost-of-living crisis have further added complexity to BP's investment environment. Despite immediate challenges, investors speculate on BP's potential to recoup losses from the exit of its Russian Rosneft stake. However, the uncertainty of new Russian dividend regulations threatens the possibility of BP's stake being seized, adding complexity to the company's strategic decision-making. While Harbour Energy may exit and Shell expresses concerns about North Sea investments, BP's CEO Bernard Looney acknowledges that short-term changes may not drastically alter the company's investment plans. Nevertheless, the proposed "multi-year" energy profits levy raises questions about the feasibility of BP's North Sea exploration and development initiatives. Despite facing numerous challenges, BP's strategic positioning and resilience in the volatile market deserve close attention. The market holds a positive outlook for BP's future, but analysts' target prices and opinions vary due to Russia's redirection of energy exports to Asia, which may impact Western markets. The escalating geopolitical concerns and global economic factors will continue to influence the energy industry in the second half of 2023, potentially affecting BP's strategic decisions and future growth outlook.
NYSE:BPLong
by financeporter
BP BEARISH SCENARIOFuel demand in Europe has been slow while consumption in China has been strong following the lifting of pandemic restrictions. BP's shares closed lower than 9% in London trading, their largest daily drop since the pandemic panic, after it said it would repurchase stocks worth $1.75 billion over the next three months, down from $2.75 billion in the past quarter. The black gold sunk from the 2nd of this month cloud driving BP even lower. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:BPShort
by legacyFXofficial
$BP Ready to Breakout of 15 Year Downtrend?If the Energy Sector gets going again you might want to have BP on your watchlist. However, it is encountering some major resistance where it’s at right now. Look at the chart for notations. This is NOT ready to trade yet according to my trading plan but is on my longer term watchlist. Ideas, not investing / trading advice. I also need to note that there are better looking charts i n this sector such as $XOM and $OXY. This one just caught my eye.
NYSE:BP
by jaxdog
BP at overbought extremes.BP. (BP.) - 30d expiry - We look to Sell a break of 454.8 (stop at 467.4) Daily signals for sentiment are at overbought extremes. A higher correction is expected. A break of the recent low at 455 should result in a further move lower. The bias is to break to the downside. Short term momentum is bearish. Current prices have reacted from a low of 455, however, we expect further losses to follow. Our profit targets will be 423.3 and 416.3 Resistance: 470 / 475 / 483 Support: 455 / 445 / 440 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
LSE:BP.Short
by Saxo
BP PRICE FORECASTBP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage and processing, and marketing and trade of natural gas, including liquefied natural gas and power, and natural gas liquids. The Downstream segment refines, manufactures, markets, transports, supplies, and trades crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. The Rosneft segment engages in investment activities. The company was founded by William Knox D'Arcy on April 14, 1909 and is headquartered in London, the United Kingdom. WAITING FOR DISCOUNT ..... SENNA SEASON
LSE:BP.
by Bekiumuzi_Dube