BHP Billiton Q1 Iron Ore Production Down 3%; Affirms FY Outlook

18 October, 2017, 17:30 | Author: Leticia Walters
  • BHP Billiton PLC (BBL) Lifted to “Strong-Buy” at Zacks Investment Research

The company is now down from yesterday's close of 37.76. Although more information is probably a good thing when looking at the bigger picture, being able to zoom in on the proper information can be quite a challenge. Investors may need to follow a disciplined system which may help keep emotions in check when making investment decisions. Analyzing the right information can be an essential part of any solid stock investing plan.

The move was one of the strategic changes urged earlier this year by USA activist investor Elliott Management - which has amassed a 5% holding in BHP Billiton. The Schaff Trend Cycle indicator fluctuates between 0 and 100.

The Williams %R is created to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Bhp Billiton Plc (BLT.L)'s Williams Percent Range or 14 day Williams %R presently is at -16.38. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The indicator uses similar methods to a MACD i.e uses exponetial moving averages but applies a cycle factor to them. The 50 day moving average went up $0.50 or +1.19% and the 200 day average went up $4.20 or +10.91%.

Currently, the 14-day ADX for Bhp Billiton Ltd (BHP) is sitting at 20.45. Although the indicator uses the term commodity, CCI can be translated to use on other investment tools such as stocks. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. The analyst recommendations from a month ago are 1 Buy, 1 Overweight, 0 Sell, 2 Hold and 0 Underweight.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. The RSI may be useful for spotting abnormal price activity and volatility. The RSI operates in a range-bound area with values between 0 and 100. A CCI reading above +100 would imply that the stock is overbought and possibly set for a correction. Alternately, if the indicator goes below -80, this may point to the stock being oversold. Bhp Billiton Plc (BLT.L)'s Williams Percent Range or 14 day Williams %R now sits at -16.38.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ATR is an indicator developed by J. Welles Wilder. After a recent check, the 14-day RSIfor Bhp Billiton Ltd (BHP) is now at 56.79, the 7-day stands at 63.37, and the 3-day is sitting at 64.80. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A value of 25-50 would support a strong trend.

When getting into the markets, most investors realize that riskier stocks may have an increased potential for higher returns. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. Along with all the tangible information provided by publically traded companies, there are plenty of intangibles.

BBL has been the topic of a number of other reports.

Even for seasoned investors, it can be natural to become wary when certain stocks are tanking in the stock portfolio.

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