3 Explosive Setups I'm looking at this week $TSLA, $BAC, and $BPThis week should be massive for these 3 stocks.
I'm waiting for a signal on the weekly and all of these stocks should run to price targets.
BPD trade ideas
$BP’S COMEBACK? ELLIOTT’S STAKE & UNDERVALUATION BUZZBP’S COMEBACK? ELLIOTT’S STAKE & UNDERVALUATION BUZZ
1/7
BP ( NYSE:BP ) just got a jolt of activist energy ⚡️ as Elliott Management took a significant stake. Shares surged 7% to 464.75 pence—the highest since August. Are we witnessing the start of a big turnaround? Let’s break down the numbers.
2/7 – REVENUE RUNDOWN
• 12-month revenue (ending Sept 2024): $199.1B (↓13.72% YoY)
• Big contrast to 2022’s 51.58% revenue jump
• Post-pandemic swings? The energy rollercoaster keeps rolling. 🎢
3/7 – EARNINGS HIGHLIGHTS
• Q4 2023 net income: $371M vs. $10.8B the previous year 🤯
• Lower refining margins + weaker oil & gas production = big dent
• Still holding a “GOOD” Financial Health score—some resilience under the hood.
4/7 – ELLIOTT’S INVOLVEMENT
• BP’s 2023 performance: -16%—underperforming Shell (-4%) & ExxonMobil (+8%)
• Elliott sees untapped value? Activists typically target companies trading below intrinsic worth
• Market loves it: 7% daily pop signals new optimism. 🚀
5/7 – VALUATION SNAPSHOT
• TTM P/E ratio at 7.89—notably below Shell & Exxon’s multiples
• Some analysts call BP “undervalued” and point to further upside potential
• If Elliott drives restructuring or divestitures, could we see a sustained rally?
6/7 Is BP primed for a major comeback with Elliott on board?
1️⃣ Yes—Activists will unlock hidden value!
2️⃣ No—BP’s challenges run too deep.
3️⃣ Maybe—Need more clarity on strategy.
Vote below! 🗳️👇
7/7 – RISK FACTORS
• Commodity Volatility: Oil & gas prices can swing hard
• Regulatory & ESG Pressure: Green-energy pivot demands big $$
• Debt Levels: ~$20.9B net debt could limit agility
• Competition: Shell, Chevron, & Exxon aren’t standing still. ⛽️
BP: Positioned for a Strong 2025**BP: Positioned for a Strong 2025** ⛽📈
With the energy sector set to benefit from a pro-oil environment, BP stands as a solid opportunity for 2025. A potential rise in commodity prices, driven by favorable policies, could support higher margins and shareholder returns. While tariffs remain a risk for global trade, oil & gas companies could thrive in this macro setup.
#BP #Oil #Commodities #Investing #StockMarket
BP LongBP is finally breaking this downtrend.
You can have a very tight stop with a great RR, granted, you'll need a lot of capital to put up for a sizeable return.
BP to $33.50MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of DWM channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative
Price at 1.618 Fibonacci level
In at $29.09
Target is $33.51 or channel top
Stop loss is $28
BP Slides on Profit Warning due to Impairments & Refinin IssuesBP plc (BP) investors are jittery after the company's stock price dropped 3% on news of potential asset impairments and weaker-than-expected refining margins. This announcement follows similar cautions from Exxon Mobil, pointing to industry-wide issues within the energy sector.
BP expects to incur significant financial charges ranging from $1 billion to $2 billion in the second quarter, due in part to a strategic review of its Gelsenkirchen refinery in Germany. This highlights BP's reassessment of assets amid fluctuating market conditions. Additionally, the company anticipates a hit of $500 million to $700 million due to lower refining margins, primarily caused by weaker middle distillate margins and narrower North American heavy crude oil differentials. These factors are expected to dampen BP's refining and trading segment, a historically strong contributor to profitability.
The broader market reacted negatively to BP's news, with its shares underperforming the S&P 500 which saw a modest gain. However, it's important to note that BP's shares had previously gained over the past month, outpacing both the energy sector and the broader market.
Looking ahead, BP's upstream production is expected to remain flat compared to the previous quarter, with oil production holding steady and gas and low-carbon energy output experiencing a slight decline. This aligns with the company's earlier guidance for the full year. BP's announcement echoes similar concerns raised by Exxon Mobil, suggesting that major energy companies are grappling with volatile market conditions and operational hurdles.
Investors will be closely monitoring BP's upcoming earnings report scheduled for July 30th, 2024. Analysts currently project BP to deliver earnings growth, but the company's cautious outlook for the near term raises questions. BP's valuation metrics suggest a balanced position relative to its earnings growth prospects.
In conclusion, BP's recent announcement underscores the challenges facing the energy sector, particularly regarding asset impairments and refining margins. The company's strategic reassessment of assets, coupled with market dynamics, will significantly impact its financial performance in the coming quarters. BP's ability to adapt and optimize operations will be crucial for maintaining investor confidence and achieving long-term growth.
Short BPClear Setup on BP, targetting 360 $ first.
Confirmation : Breaker Block, liquidity below, High Resistance to Low Resistance,
BP about to Bounce?BP is coming close to a long term trend line. If it touches this line the probability of it bouncing upwards shortly after touching or crossing is good based on historical interactions. Also, the RSI and MACD appear to be in the first stages of reversing direction. Probabilities would be higher once the MACD starts producing green bars on the histogram.
BP Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BP p.l.c. prior to the earnings report this week,
I would consider purchasing the 38.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $1.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Investment Opportunity BPI share this analysis because it's really interesting how the price moved.
We can see a Vertical Accumulation of orders.:
SC
ST
STB
ST
SPRING
in a long periode, due to this, we can really expect the price to have a bullish move upside, potentially not now but for me it's worth taking a trade even if the zone is not optimized.
BP. - 4 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
BP Shares Soar Amidst Plans to Boost Shareholder ReturnsBP Corp ( NYSE:BP ), the British oil giant, witnessed a significant surge in its stock prices, jumping by more than 5%, following its announcement to enhance shareholder returns. Despite experiencing a notable decline in its annual profit, the company’s strategic moves to accelerate share buybacks and increase dividends have invigorated investor confidence.
Accelerated Share Repurchases and Dividend Increases
NYSE:BP ’s proactive approach towards enhancing shareholder value includes a rapid pace of share repurchases, with plans to execute a $1.75 billion buyback before reporting first-quarter results. Additionally, the company has committed to a substantial $3.5 billion share buyback for the first half of the year. Moreover, BP announced a 10% increase in dividend per ordinary share for the final quarter of 2023, reflecting its dedication to rewarding investors.
Financial Performance Analysis
Despite a steep fall in its underlying replacement cost profit, dropping from a record $27.7 billion to $13.8 billion for 2023, NYSE:BP managed to surpass analyst expectations for fourth-quarter net profit, demonstrating resilience amidst challenging market conditions. The company’s robust operational performance in gas trading offset the impact of significantly lower industry refining margins.
Market Response and Analyst Insights
The market responded positively to NYSE:BP ’s commitment to shareholder returns, with shares ending Tuesday’s session 5.5% higher. Analysts at RBC Capital Markets viewed NYSE:BP ’s extended commitment to share buybacks through 2025 as a favorable surprise, indicating confidence in future performance. The clarity provided by BP regarding its shareholder return plans has been particularly well-received by oil investors.
Leadership and Strategic Challenges
NYSE:BP ’s strategic decisions come amidst pressure from activist investors, urging the company to prioritize oil and gas investments over clean energy initiatives. The recent appointment of Murray Auchincloss as permanent CEO follows a period of leadership transition, raising questions about the company's direction under new management.
Climate Change Agenda
NYSE:BP ’s stance on climate change has evolved, with the firm initially pledging ambitious emissions reduction targets. However, subsequent adjustments to its climate plans have stirred debate, reflecting the delicate balance between sustainability goals and meeting global energy demand.
Conclusion
NYSE:BP ’s proactive measures to boost shareholder returns amid a challenging economic landscape demonstrate its commitment to delivering value to investors. While facing pressure from activist investors and navigating leadership changes, the company remains focused on its strategy of delivering sustainable long-term value while balancing environmental responsibilities with meeting energy demand. As NYSE:BP charts its course in the evolving energy landscape, its ability to adapt and innovate will be critical in shaping its future trajectory.
BP p.l.c. Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BP p.l.c. prior to the earnings report this week,
I would consider purchasing the 36usd strike price in the money Puts with
an expiration date of 2024-7-19,
for a premium of approximately $3.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BP: Holding Support Above The Previous All-Time-HighsBP appears to be Double Bottoming above the previous All-Time-High-Resistance and is Bullishly Diverging on the RSI and MACD. If this level hold, BP has room to go all the way up to around $50 which would also align with the 1.618 Fibonacci Extension. I personally think that out of all the big Oil Companies like XOM and CVX, BP presents the better value and would be the most profitable to play via midterm calls.
A Short Position Opportunity EmergesHello,
Introduction:
Investors often seek lucrative opportunities in the stock market, and identifying potential short positions can be a key strategy. In this analysis, we turn our attention to BP Plc, a prominent integrated oil and gas company. The current market conditions suggest a favorable setup for a short position, with the company exhibiting signs of struggle amidst a challenging environment.
Company Overview:
BP Plc operates in the oil and gas industry, with a diversified portfolio that includes the Upstream, Downstream, and Rosneft segments. The Upstream segment encompasses oil and natural gas exploration, field development and production, midstream transportation, storage and processing, as well as marketing and trade of natural gas, including liquefied natural gas and power, and natural gas liquids.
Technical Analysis:
The technical analysis of BP's stock reveals a concerning trend that signals a potential short position. The company's stock price is currently navigating a channel at the top, indicating a resistance level that the price is struggling to surpass. This resistance may indicate a market sentiment shift, prompting caution among investors.
Sell Recommendation:
Considering the observed market conditions, a strategic short position is recommended. Investors may consider selling BP shares at the current price of $37.75 USD. This entry point aligns with the identified resistance level, providing an optimal opportunity to capitalize on a potential downturn in the stock's performance.
Target Price:
To set realistic profit expectations, a target price of $16.0 USD is recommended. This target is based on the analysis of the current market conditions, the resistance level, and the historical performance of BP's stock. Investors should monitor the stock closely and consider implementing risk management strategies to safeguard their investments.
Rationale for the Short Position:
Several factors contribute to the rationale behind the recommended short position on BP. The challenging global economic conditions, geopolitical uncertainties, and the volatility of oil prices are among the key factors influencing the company's performance. Additionally, the struggle of the stock price to maintain an upward trajectory despite these challenges raises concerns about its resilience in the current market environment.
Conclusion:
In the dynamic world of financial markets, identifying strategic opportunities is crucial for investors seeking to maximize returns. BP Plc's current market conditions present an interesting scenario for a short position, with the stock exhibiting signs of resistance at the top of its channel. Investors are advised to conduct further research, stay informed about market developments, and carefully consider risk management strategies before making investment decisions. As with any investment, it's important to stay vigilant and adapt to changing market dynamics.
Good luck
BPL - BEAR Another idea that was not allowed to post out last week...
Already paid out target 1. Now at structure
How it started
BP's Q3 Profits Dip as Energy Trading FaltersBP (BP.)
Financial Snapshot:
BP reported a significant drop in third-quarter profits, with underlying earnings totalling $3.3 billion, down from $8.2 billion in the same period a year earlier. These results fell short of market expectations, which had anticipated earnings of $4 billion.
Today’s results were BP’s first since the resignation of CEO Bernard Looney in September. Looney's resignation was prompted by his failure to disclose past relationships with colleagues.
Interim CEO Murray Auchincloss highlighted the company's strong operational performance, noting that oil and gas production was 3% higher than the previous year, and production costs were 6% lower. However, these positive operational aspects could not fully offset the impact of lower prices for BP's hydrocarbons and lower-than-expected results from its gas trading operations.
Despite the sharp decline in earnings, BP continued with its share buyback program, announcing plans to repurchase an additional $1.5 billion of shares.
Market Reaction:
The market's initial response to BP's results has been negative, with the stock dropping more than 22p. To put this price movement in perspective, BP's Average True Range (ATR) is 13p, which means today's gap down is more than 1.5 times the magnitude of a typical trading day for BP.
This morning's negative gap has taken prices back to the 200-day moving average (MA), a closely watched metric for long-term investors. The move lower has also brought prices closer to short-term swing support created by the early-October swing lows.
If BP manages to rally during today's session and close this morning's gap, it would be viewed as a very bullish sign. However, if the shares fail to close the gap, it would signal that short-term momentum remains bearish.
BP. Daily Candle Chart
Past performance is not a reliable indicator of future results
Risk Management:
The release of financial results tends to amplify a stock's volatility. For those considering trading BP, the ATR serves as a valuable tool to help traders account for a stock's volatility when setting stop losses and limit orders.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
BP : WOLFE waves detectedBP (Weekly): Bullish WOLFE wave
TP1 has already been reached
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BP (Daily): Bearish WOLFE Wave!
Watch the EMA.50 and EMA.200 which are potential targets in the short and medium term!
As well as the levels / Fibonacci / Bollinger: ICHIMOKU
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Happy trading everyone, be careful!!
BP May Face Upward PressureEnergy stocks have been running lately. One big name has lagged but may play catch-up: BP.
The first pattern on today’s chart is the $37.36 level. It was the opening price on May 2 when the stock gapped lower. Prices have remained below that line since, which may create the potential for a breakout if resistance gives way.
Second, May ended with a false breakdown under the March low of $34.14. Next came a series of higher weekly lows. Are buyers lurking near the current range?
Third, BP reclaimed its 50- and 200-day simple moving averages (SMA) almost a month ago. The 8-day exponential moving average (EMA) has also remained above the 21-day EMA. Those signals may indicate the short- and long-term trends are getting more bullish.
Finally, BP may resemble Home Depot on June 21 . It was also quiet as the broader housing group surged, only to break resistance and trend higher.
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Looking for price stability above bull flag b/oBP previously broke out of the Bull Cypher and bull flag on the 1hr. After this retrace in oil, BP is looking to stabilize above the bullish cypher breakout A/C leg . Price action must hold above breakout from Bull flag (5th wave)
BP has demonstrated resilienceIn the ever-changing global energy market, BP, the British oil company, has demonstrated resilience.
Facing geopolitical challenges and supply disruptions from the Russia-Ukraine war and OPEC+ decision to limit global production, BP stands at the forefront of the dynamic changes in global energy supply and benefits from the persistent energy inflation that has become the norm for most developed economies.
Meanwhile, the UK government's proposal of an "energy profits levy" has brought uncertainty to the North Sea oil and gas industry, and the market is now contemplating the impact of this positive move on BP's future prospects.
The significant supply disruptions from Russia and OPEC have heavily impacted the global oil market, with Brent crude prices surging to $120 per barrel following the EU's compromise deal to ban most Russian oil imports by the end of 2022. For BP, this volatile energy landscape has brought both challenges and opportunities. Recent government interventions aimed at addressing the cost-of-living crisis have further added complexity to BP's investment environment.
Despite immediate challenges, investors speculate on BP's potential to recoup losses from the exit of its Russian Rosneft stake. However, the uncertainty of new Russian dividend regulations threatens the possibility of BP's stake being seized, adding complexity to the company's strategic decision-making. While Harbour Energy may exit and Shell expresses concerns about North Sea investments, BP's CEO Bernard Looney acknowledges that short-term changes may not drastically alter the company's investment plans. Nevertheless, the proposed "multi-year" energy profits levy raises questions about the feasibility of BP's North Sea exploration and development initiatives.
Despite facing numerous challenges, BP's strategic positioning and resilience in the volatile market deserve close attention. The market holds a positive outlook for BP's future, but analysts' target prices and opinions vary due to Russia's redirection of energy exports to Asia, which may impact Western markets. The escalating geopolitical concerns and global economic factors will continue to influence the energy industry in the second half of 2023, potentially affecting BP's strategic decisions and future growth outlook.
$BP with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:BP after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
BP BEARISH SCENARIOFuel demand in Europe has been slow while consumption in China has been strong following the lifting of pandemic restrictions. BP's shares closed lower than 9% in London trading, their largest daily drop since the pandemic panic, after it said it would repurchase stocks worth $1.75 billion over the next three months, down from $2.75 billion in the past quarter. The black gold sunk from the 2nd of this month cloud driving BP even lower.
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