BHP Group PLC (BBL) Stock: What Does the Chart Say Friday?

Friday, January 28, 2022 11:59 AM | InvestorsObserver Analysts

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BHP Group PLC (BBL) Stock: What Does the Chart Say Friday?

Overall market sentiment has been high on BHP Group PLC (BBL) stock lately. BBL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

BHP Group PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BBL!

See Full BBL Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With BBL Stock Today?

BHP Group PLC (BBL) stock has fallen -3.34% while the S&P 500 is higher by 0.95% as of 11:51 AM on Friday, Jan 28. BBL has fallen -$2.20 from the previous closing price of $65.78 on volume of 7,054,567 shares. Over the past year the S&P 500 has gained 16.45% while BBL is higher by 13.86%. BBL earned $4.55 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.01. To screen for more stocks like BHP Group PLC click here.

More About BHP Group PLC

BHP is a leading global diversified miner supplying iron ore, copper, oil, gas, and metallurgical coal. A 2001 dual-listed merger of BHP Limited (now BHP Ltd.) and Billiton PLC (now BHP PLC) created the present-day BHP. Shareholders in each company have equivalent economic and voting rights in BHP as a whole. Major assets include Pilbara iron ore, Queensland coking coal, Escondida copper and conventional petroleum assets, principally in Australia and the Gulf of Mexico. Onshore U.S. oil and gas assets were sold in 2018. Click Here to get the full Stock Report for BHP Group PLC stock.