Buenaventura Mining Company Inc Stock Forecast
Evaluation of Buenaventura Mining Company Inc stock downgraded after the last trading session.
(Updated on Jul 03, 2024)
The Buenaventura Mining Company Inc stock price gained 0.667% on the last trading day (Wednesday, 3rd Jul 2024), rising from $16.50 to $16.61. During the last trading day the stock fluctuated 3.49% from a day low at $16.61 to a day high of $17.19. The price has fallen in 6 of the last 10 days and is down by -3.26% for this period. Volume fell on the last day by -56 thousand shares and in total, 711 thousand shares were bought and sold for approximately $11.82 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $16.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.19% during the next 3 months and, with a 90% probability hold a price between $17.54 and $20.38 at the end of this 3-month period.
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BVN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 0.667%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Buenaventura Mining Company Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.76 and $17.30. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Buenaventura Mining Company Inc stock
Buenaventura Mining Company Inc finds support from accumulated volume at $16.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.580 between high and low, or 3.49%. For the last week the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BVN) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Buenaventura Mining Company Inc to open at $16.80, and during the day (based on 14 day Average True Range), to move between $16.02 and $17.20, which gives a possible trading interval of +/-$0.595 (+/-3.58%) up or down from last closing price. If Buenaventura Mining Company Inc takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.12 (2.95%) than the resistance at $17.44 (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Buenaventura Mining Company Inc stock A Buy?
The Buenaventura Mining Company Inc stock holds several negative signals and despite the positive trend, we believe Buenaventura Mining Company Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.364 Sell Candidate Downgraded
Predicted Opening Price for Buenaventura Mining Company Inc of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $16.80 ( 1.16%) | $16.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.38 | 4.66% |
| R2 | 17.16 | 3.32% |
| R1 | 17.02 | 2.50% |
| Price | 16.61 | |
| S1 | 16.58 | -0.170% |
| S2 | 16.44 | -0.99% |
| S3 | 16.22 | -2.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.67 | 12.40% |
| R2 | 17.90 | 7.77% |
| R1 | 17.44 | 5.00% |
| Price | 16.61 | |
| S1 | 16.12 | -2.95% |
| S2 | 16.05 | -3.37% |
| S3 | 15.59 | -6.14% |
BVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | May 10, 2024 | $0.0696 | 0.400% |
| 2 | Apr 11, 2023 | Apr 21, 2023 | May 11, 2023 | $0.0730 | 1.04% |
| 3 | Apr 08, 2022 | Apr 21, 2022 | May 16, 2022 | $0.0730 | 0.96% |
| 4 | Nov 15, 2019 | Nov 22, 2019 | Dec 16, 2019 | $0.0270 | 0.185% |
| 5 | Apr 04, 2019 | Apr 12, 2019 | May 10, 2019 | $0.0600 | 0.399% |
FAQ
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