BP technical analysis
BP Technical Analysis
Analysis date
July 15, 2026
Market
NYSE (USD)
Daily cutoff
July 14, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
BP Data Verification
Cross-validating the latest completed daily bar across independent sources.
- Symbol
- BP
- Market
- NYSE
- Currency
- USD (US Dollar)
- Latest completed bar
- July 14, 2026
No adjustment factor (adjusted close equals raw close, factor 1.0). No stock splits or dividend adjustments affecting the analysis period.
| Source | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Yahoo Finance Chart API (primary) | 38.55 | July 14, 2026 | - | Verified |
| Finviz (independent) | 38.55 | July 14, 2026 (previous close) | 0.00% | Verified |
Bottom line
BP Technical Analysis Summary
BP p.l.c. shows a mixed technical picture that reflects the broader challenges facing European integrated oil majors. Price at 38.55 sits below SMA20 (38.92) and SMA50 (39.15), indicating short-term and intermediate-term momentum remain negative. SMA20 and SMA50 are sloping gently downward, consistent with the corrective phase from the 2026 highs near 42. RSI14 at 44.72 is below the 50 midline, suggesting bearish bias without reaching oversold territory. The daily MACD shows the MACD line at -0.11 below the signal line at -0.07 with a negative histogram at -0.04, reflecting weak but not accelerating downside momentum. The weekly chart reinforces this cautious view with price well below SMA20 (40.18), SMA50 (41.25), and SMA200 (41.50). Key resistance lies at SMA20 (38.92), the 20-day high of 39.65, and the 60-day high of 41.04. Key support stands at 37.50 (20-day low), 36.80 (60-day low), and 35.91 (52-week low). A sustained move above 39.65 would be the first sign of short-term improvement, but the structural trend will remain neutral-to-bearish until the stock reclaims SMA200 territory near 41.50.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (July 14, 2026)
- Trend
- Weak and corrective. Price at 38.55 is below SMA20 (38.92, -0.95%), SMA50 (39.15, -1.53%), and SMA200 (41.82, -7.82%). All three major SMAs are sloping downward, with the SMA200 declining at the slowest rate. This configuration reflects a well-established corrective phase within a longer-term structural downtrend.
- Momentum
- Bearish but not accelerating. RSI14 at 44.72 is below the 50 midline, confirming bearish bias without reaching oversold conditions (below 30 would signal exhaustion). MACD line at -0.11 remains below the signal line at -0.07, and the histogram at -0.04 is modestly negative. The narrowing of the histogram suggests downside momentum may be stabilizing rather than intensifying.
- Volatility
- Moderate to low. ATR14 at 0.72 (1.87% of price) indicates average daily movement of under 2%. Bollinger Bands (37.03 to 40.91) show price in the lower half of the band, consistent with the corrective bias. Band width is narrowing, which can precede a period of expansion and a more directional move.
- Volume
- Slightly below average. Latest volume of 8,245,300 is 85.3% of the 20-period average (9,665,400), indicating no panic selling or aggressive accumulation. Volume patterns are consistent with a drift lower rather than a capitulation event.
Assessment
The daily chart presents a weak technical picture. BP is trading below all three major moving averages, RSI is in bearish territory, and the MACD is negative. The stock has declined from its 60-day high of 41.04 to the current 38.55, a drop of approximately 6%. The narrowing MACD histogram and the fact that RSI has not reached deeply oversold levels suggest the downtrend may have room to run before finding a durable floor. A break below the 20-day low of 37.50 would confirm further downside toward the 52-week low of 35.91. Volume is not signaling panic, which argues against an imminent reversal. The daily picture favors sellers until the stock can reclaim SMA20 at 38.92 with conviction.
Weekly (July 6, 2026 week)
- Trend
- Distinctly bearish. Price at 38.24 is well below SMA20 (40.18, -4.83%), SMA50 (41.25, -7.30%), and SMA200 (41.50, -7.86%). All three weekly SMAs are declining, with the shorter averages below longer ones, which is a bearish alignment. This configuration reflects a sustained downtrend that has been in place for multiple months.
- Momentum
- Bearish. RSI14 at 38.91 is in bearish territory and approaching oversold conditions. MACD line at -0.37 is below the signal line at -0.22, with a negative histogram at -0.15. The weekly MACD has been in a sustained bearish crossover since early 2026, reflecting persistent selling pressure at the weekly timeframe.
- Volatility
- Elevated for the stock. ATR14 at 1.47 (3.84% of price) indicates above-average weekly ranges, consistent with the corrective phase. Bollinger Bands (35.06 to 44.63) show price in the lower half and approaching the lower band at 35.06, which has historically acted as a support area.
- Volume
- Slightly below average. Weekly volume of 50,120,000 is 88.5% of the 20-week average (56,605,000), indicating that selling pressure, while persistent, is not accelerating. The absence of a volume spike on down weeks suggests the correction is methodical rather than panicked.
Assessment
The weekly chart confirms a sustained downtrend. BP has been declining from its mid-2025 highs above 45 and is now approaching the 52-week low area near 35.91. All three weekly SMAs are in bearish alignment, RSI at 38.91 is in bearish territory, and the MACD remains in a sustained bearish crossover. The stock is positioned near the lower Bollinger Band at 35.06, which can act as support. However, the consistent down-trending SMAs and bearish momentum indicators suggest that any bounces are likely to attract selling into strength. The weekly position at 31.80% of the 52-week range (35.91 to 45.80) reflects a stock that has given back most of its prior-year gains and is testing multi-month support zones.
Key indicators
BP Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 44.72 | 38.91 |
| MACD (12, 26, 9) | -0.11 / -0.07 / -0.04 | -0.37 / -0.22 / -0.15 |
| ATR (14) | 0.72 (1.87%) | 1.47 (3.84%) |
| Bollinger Bands (20, 2) | 37.03 - 40.91 | 35.06 - 44.63 |
| SMA (20) | 38.92 | 40.18 |
| SMA (50) | 39.15 | 41.25 |
| SMA (200) | 41.82 | 41.50 |
Price structure
BP Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 38.55 | 38.24 |
| 1-Period Return | -0.39% | -0.78% |
| 5-Period Return | -1.83% | -3.51% |
| 20-Period Return | -2.28% | -1.29% |
| 60-Period Return | -5.14% | -10.07% |
| 252-Period Return | -4.72% | -7.12% |
| 52-Week Low | 35.91 | 35.91 |
| 52-Week High | 45.80 | 45.80 |
| 52-Week Position | 33.56% | 31.80% |
Key levels
BP Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 39.65 | 41.60 |
| 20-Period Low | 37.50 | 36.63 |
| 60-Period High | 41.04 | 45.80 |
| 60-Period Low | 36.80 | 35.91 |
Scenarios
BP Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bearish Continuation
Trigger
Price breaks below the 20-day low at 37.50, targeting the 60-day low at 36.80 and eventually the 52-week low at 35.91. Weekly RSI below 35 and MACD histogram deepening would confirm.
Invalidation
Price holds above 37.50 and reclaims SMA20 (38.92) on above-average volume.
What to watch
Daily RSI remaining below 40; MACD histogram turning more negative; volume picking up on break attempts below 37.50; crude oil price weakness as a macro headwind; BP dividend yield approaching support levels.
Stabilization and Range-Bound
Trigger
Price oscillates between 37.50 (20-day low) and 39.65 (20-day high) as the stock consolidates after the corrective move from the 60-day high near 41.
Invalidation
A decisive break above 39.65 or below 37.50 with volume confirmation.
What to watch
RSI oscillating between 40 and 50; MACD histogram flattening near zero; volume declining further; energy sector ETF (XLE) providing a floor; any news on BP share buybacks or dividend policy.
Recovery
Trigger
Price reclaims SMA20 (38.92) and SMA50 (39.15) on strong volume, then challenges the 60-day high at 41.04. A weekly close above SMA20 would be an early reversal signal.
Invalidation
Price fails at SMA20 or SMA50 and falls back below 38.00, resuming the corrective downtrend.
What to watch
Daily RSI crossing above 50; MACD generating a bullish crossover; volume expanding on up days; crude oil price stabilization or recovery; BP operational updates on production and refining margins.
Methodology
Methodology and Limitations
This technical analysis uses adjusted closing prices from Yahoo Finance (primary) and Finviz (independent cross-validation). The daily analysis covers approximately 2 years (501 completed bars) ending July 14, 2026. The weekly analysis covers approximately 5 years (261 completed bars) ending the week of July 6, 2026. Prices are adjusted for dividends and stock splits using the adjusted close/raw close ratio. Volume data is from the primary source and may not match other data providers. Technical indicators include SMA, RSI, MACD, ATR, and Bollinger Bands using standard parameters. Key levels are identified from recent swing highs and lows. Technical analysis studies historical price patterns and does not constitute investment advice. It should not be used as the sole basis for trading decisions.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. Past performance and historical patterns are not guarantees of future results. All investments carry risk, including the potential loss of principal. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data sourced from Yahoo Finance (primary) and Finviz (independent cross-validation). Data cutoffs: daily July 14, 2026, weekly July 6, 2026 week. Generated July 15, 2026.
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