RSI low/high Values: [ 25 - 75 ]
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AI Analysis of HBM.TO
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Stronger technical forecast for Hudbay Minerals Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 23, 2024 Gain 24.24% PDF

The Hudbay Minerals Inc stock price gained 2.18% on the last trading day (Wednesday, 27th Mar 2024), rising from $9.18 to $9.38. During the last trading day the stock fluctuated 3.19% from a day low at $9.10 to a day high of $9.39. The price has fallen in 6 of the last 10 days but is still up by 2.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 162 thousand more shares were traded than the day before. In total, 776 thousand shares were bought and sold for approximately $7.27 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.57 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.84% during the next 3 months and, with a 90% probability hold a price between $10.44 and $12.52 at the end of this 3-month period.

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HBM.TO Signals & Forecast

The Hudbay Minerals Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.28 and $8.19. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -0.106%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Hudbay Minerals Inc stock

Hudbay Minerals Inc finds support from accumulated volume at $9.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.290 between high and low, or 3.19%. For the last week, the stock has had daily average volatility of 2.57%.

Our recommended stop-loss: $9.04 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (HBM.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Hudbay Minerals Inc to open at $9.29, and during the day (based on 14 day Average True Range), to move between $9.11 and $9.65, which gives a possible trading interval of +/-$0.272 (+/-2.90%) up or down from last closing price. If Hudbay Minerals Inc takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.39 (0.11%) than the support at $9.19 (2.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Hudbay Minerals Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hudbay Minerals Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.565 Buy Candidate Upgraded

Predicted Opening Price for Hudbay Minerals Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$9.29 ( 0.96%) $9.38

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HBM.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.58 2.13 %
R2 9.47 0.95 %
R1 9.40 0.222 %
Current price: 9.38
Support S1 9.18 -2.14 %
S2 9.11 -2.87 %
S3 9.00 -4.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 9.39 0.107 %
Current price 9.38
Support S1 9.19 -2.03%
S2 7.55 -19.51%
S3 7.47 -20.36%

HBM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2024 Mar 22, 2024 Mar 22, 2024 $0.0200 0.214%
2 Mar 04, 2024 Mar 04, 2024 Mar 22, 2024 $0.0100 0.107%
3 Aug 31, 2023 Sep 22, 2023 Sep 22, 2023 $0.0200 0.316%
4 Mar 06, 2023 Mar 24, 2023 Mar 07, 2023 $0.0200 0.293%
5 Mar 06, 2023 Mar 06, 2023 Mar 06, 2023 $0.0100 0.139%

FAQ

What is the symbol for Hudbay Minerals Inc Stock and on which exchange is it traded?
The symbol for Hudbay Minerals Inc is HBM.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Hudbay Minerals Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hudbay Minerals Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Hudbay Minerals Inc Stock?
Hudbay Minerals Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hudbay Minerals Inc Stock.

What's the current price of Hudbay Minerals Inc Stock?
As of the end of day on the 2024-03-27, the price of an Hudbay Minerals Inc (HBM.TO) share was $9.38.

What is the 52-week high and low for Hudbay Minerals Inc Stock?
The 52-week high for Hudbay Minerals Inc Stock is $9.50 and the 52-week low is $5.46.

What is the market capitalization of Hudbay Minerals Inc Stock?
As of the 2024-03-27, the market capitalization of Hudbay Minerals Inc is 3.29B.

When is the next earnings date for Hudbay Minerals Inc?
The upcoming earnings date for Hudbay Minerals Inc is May 06, 2024.
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About Hudbay Minerals Inc

Hudbay Minerals Hudbay Minerals Inc., a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saska... HBM.TO Profile

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