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Afternoon Alert: BHP Group lifts 3.1% on robust volume Monday September 16, 2019 16:00:00 AEST


BHP Group Limited (ASX:BHP) traded on heavy volume of 1.7 times average so far today while the price lifted $A1.17 (or 3.1%) to trade at $A38.30.

SECTION 1: Technical indicators

Bullish:
The positive 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal.
In the last three months the stock has hit a new 52-week high six times, pointing to an uptrend.
The price jumped 6.0% in the last week and climbed 5.7% in the last month.
The present value of AUD1,000 invested one year ago is $A1,459 [vs $A1,081 for the All Ordinaries Index], including a capital gain of $A324 and dividend reinvested of $A136. The total return to shareholders for 1 year is 45.9%.

Fundamental measures by comparison with the sector average [in brackets] indicate:
Parity:
Dividend yield of 8.7% [8.7%]
Return on Equity 12.8% [13.4%]
Return on Assets 6.9% [7.5%]
Return on Capital Employed 15.1% [15.0%]
Undervaluation:
Total Liabilities/EBITDA of 3.5 is comfortably below the Joseph Piotroski benchmark of <5.
Overvaluation:
Price/Earnings of 37.8 [11.8]
Price/Sales of 3.1 [1.9]
Price to Book of 2.3 [1.8]

Note
The stock is at a discount of 6.6% to the 12-month high of $A40.99 on 03 Jul, 2019. It is also at a premium of 39.0% to the 12-month low of $A27.56 on 28 Nov, 2018.
The stock has outperformed 54% of the Australian market over the past 6 months.

SECTION 2: Ranking

DescriptionValueRank In Market
MCap $US billion136.4In Top 1%
52-week Range (in $A)27.6-41.0 
1-month Range (in $A)33.3-39.3 
RSI91.9Bearish
Stochastic-12Bearish
Bollinger Bands1.1Bearish


BHP Group Limited (AU:BHP; ASX:BHP; AX:BHP)
ISIN: AU000000BHP4
PermID: 4295856983

Source: www.BuySellSignals.com