BHP Group rises on high volatility
Friday May 24, 2019 16:00 AEST
BHP Group Limited (ASX:BHP), Australia's largest Materials company by market cap, traded between an intraday low of $A37.0 and a high of $A37.51. The price range has expanded in the last two days (from 45.0c two days ago to 51.0c today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 1.3% places BHP Group's stock in the 4th quartile in the market, meaning it is the least volatile. Since the start of trading its volatility (highest price minus lowest price/lowest price) of 1.4% was 1.1 times the average daily volatility of 1.3%, up from 1.2% on Thursday and 1.2% on Wednesday. A rise in the price on high volatility is a bullish signal. BHP Group's stock price has increased 13.0c (0.3%) from its previous trading session to close at $A37.45. Compared with the All Ordinaries Index which fell 38.7 points (0.6%) in the day, the relative price increase was 0.9%. There were 4,975,251 shares worth $A186.3 million traded today. The volume was 0.7 times the average daily trading volume of 7.3 million shares. Its MCap is $A199.4 billion.