BP PLC (BP) Technical Analysis
Updated: 2026-06-16 09:26 UTC · Last close: 41.59 (-2.78%) · Support: 39.78 · Resistance: 43.68
BP PLC (BP) technical analysis page covering price structure, support and resistance, momentum conditions and a fundamentals snapshot from WOI Scanner.
⬇️ Support
39.78
⬆️ Resistance
43.68
⚠️ Risk Line
losing 39.80 would weaken the current structure.
🔺 Technical Setup
Breakout Watch
Downtrend line not broken yet · score 0
Watch Level
45.27
RSI(14)
38.0
🎯 Decision Map
The nearest decision zone is framed by support around 39.80 and resistance near 43.68. Clearing resistance would strengthen the constructive case, while a failure through support would damage the present setup. Pattern-based invalidation is near 49.72; losing that area would weaken the active formation considerably.
📊 Technical Summary
At a glance
Trend
Mixed
Momentum
Neutral
Range
66% of 52W range
Key Zone
39.78 / 43.68
BP PLC (BP) closed at 41.59 (-2.78%). Medium-term tone has softened, but price remains above MA200. Momentum: -6.22%; 52W position: 66% of range; and Volatility: ATR14 2.80%. RSI(14) stands around 38.0, which keeps the momentum picture broadly balanced. RSI has been drifting lower recently, suggesting that upside momentum may be cooling slightly. MACD is positioned under the signal line, suggesting momentum recovery has not fully developed yet. The MACD histogram is negative and weakening further, which reflects continued downside pressure.
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The chart is currently flagging Double top.
🎯
Key levels:
Key levels
The nearest decision zone is framed by support at 39.78 and resistance at 43.68.
⚠️
Risk:
A move through resistance would improve the short-term technical tone, while a loss of support would weaken the current structure.
💼 Fundamentals Snapshot
Source: sec
🏢 Company
BP PLC
🏷 Sector
Energy
🧩 Industry
Oil & Gas
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Note: This is an algorithmic technical snapshot (not financial advice).