BP plc Technical Analysis

BP plc -- USA Stock  

USD 39.19  0.09  0.23%

BP plc owns Standard Deviation of 0.5823, Market Risk Adjusted Performance of (0.95) and Coefficient Of Variation of 184.65. BP plc technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the firm future prices. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found nineteen technical drivers for BP plc which can be compared to its peers in the sector. Please confirm BP plc Information Ratio, and the relationship between Downside Deviation and Value At Risk to decide if BP plc is priced fairly providing market reflects its prevailing price of 39.19 per share. Given that BP plc has Jensen Alpha of 0.3464, we suggest you validate BP plc latest market performance to make sure the company can sustain itself sooner or later.
Investment Horizon     30 Days    Login   to change

BP plc Trend Analysis

Use this graph to draw trend lines for BP plc. You can use it to identify possible trend reversals for BP plc as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual BP plc price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

BP plc Best Fit Change Line

The following chart estimates an ordinary least squares regression model for BP plc applied against its price change over selected period. The best fit line has a slop of 0.07174 % which suggests that BP plc will keep on generating value for investors. It has 34 observation points and a regression sum of squares at 4.2, which is the sum of squared deviations for the predicted BP plc price change compared to its average price change.

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BP plc is rated below average in mean deviation category among related companies. It is rated below average in standard deviation category among related companies creating about  1.31  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for BP plc is roughly  1.31