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BP: in week 6 of a sell signal, an unconvincing bounce

BP stock technical analysis: week 6 of a sell signal, the stock bounced 0.7% with buying volume at 81%, but the MACD histogram fell to -1.18 and CMF worsened to -0.315, a sign distribution is still at work beneath the bounce.

BP: in week 6 of a sell signal, an unconvincing bounce
BP, the decline loses steam
BP: in week 6 of a sell signal, an unconvincing bounce
July 03, 2026
BP, the decline loses steam
In Summary
BP is in week 6 of a sell signal, and the week just closed up 0.7% with buying volume back at 81%. The bounce doesn't fully convince, though: the MACD histogram fell to -1.18 and CMF worsened to -0.315, the most negative reading of the past 4 weeks. Price sits between the first resistance, in the 38.4 area, and the first support, in the 37.3 area.
Ongoing decline ·6th week from start ·US stocks ·T2 ★ See Gold version →
IQS Phase
74
in tension
Signal Strength
21
decline losing steam
Sizing
MINIMUM
Ranking
#51 / 137
US stocks
Trade P&L %
+10.68%
from signal to today
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
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