BHP Daily MACD Histogram

Submitted by Marco on 5 June, 2006 - 00:10

daily BHP chart with a customized MACD Histogram (100 50 30)

In this analysis we are going to look at a daily BHP chart with a customized MACD Histogram (100 50 30). This chart is a daily chart for the whole year running to last Friday. (Click on the chart for the larger version if you can’t see) Notice that when the trend of the share price diverges with the MACD histogram indicates that a stock price fall is imminent.

Also note the turning points of the MACD histogram as an indication of overbought and oversold positions. So if the BHP Billiton price is oversold it may give the trigger for you to buy the stock. On the other hand if the share is overbought it may indicate to sell the stock. Please note that this is not 100 per cent accurate and sometimes there are lags in the MACD indicator.

You can find more weekend analysis of BHP for the end of Week 22 2006 here:
BHP Daily Volume
BHP Daily MACD Histogram
BHP Weekly Chart
BHP Weekly Log Chart
BHP Weekly Chart with MACD

BHP Billiton is listed on the Australian Stock Exchange (ASX) under stock code BHP. Check your charts!

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