Hecla Mining Company Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Wednesday for Hecla Mining Company stock after gaining 0.211%
(Updated on May 01, 2024)
The Hecla Mining Company stock price gained 0.211% on the last trading day (Wednesday, 1st May 2024), rising from $4.73 to $4.74. During the last trading day the stock fluctuated 4.98% from a day low at $4.72 to a day high of $4.95. The price has been going up and down for this period, and there has been a -10.23% loss for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 10 million shares were bought and sold for approximately $49.23 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.
Given the current short-term trend, the stock is expected to rise 55.83% during the next 3 months and, with a 90% probability hold a price between $7.39 and $9.61 at the end of this 3-month period.
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HL Signals & Forecast
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 Hecla Mining Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $5.02 and $4.93. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -15.21%. 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 Hecla Mining Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.32 and $4.23. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hecla Mining Company finds support just below today's level at $4.32. If this is broken, then the next support from accumulated volume will be at $4.23 and $3.58.
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 $0.235 between high and low, or 4.98%. For the last week, the stock has had daily average volatility of 3.93%.
Hecla Mining Company is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hecla Mining Company to open at $4.80, and during the day (based on 14 day Average True Range), to move between $4.49 and $4.99, which gives a possible trading interval of +/-$0.252 (+/-5.32%) up or down from last closing price. If Hecla Mining Company takes out the full calculated possible swing range there will be an estimated 10.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.05 (6.54%) than the support at $4.32 (8.86%), 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.
Earnings coming up
Hecla Mining Company will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0200. We will update the financials statements for Hecla Mining Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.71% in the first trading day after earnings release.
Is Hecla Mining Company stock A Buy?
The Hecla Mining Company stock holds several negative signals and despite the positive trend, we believe Hecla Mining Company will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.026 Sell Candidate Unchanged
Predicted Opening Price for Hecla Mining Company of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $4.80 ( 1.30%) | $4.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.04 | 6.26 % | |
| R2 | 4.95 | 4.36 % | ||
| R1 | 4.89 | 3.19 % | ||
| Current price: | 4.74 | |||
| Support | S1 | 4.71 | -0.593 % | |
| S2 | 4.66 | -1.76 % | ||
| S3 | 4.57 | -3.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.46 | 15.19 % | |
| R2 | 5.42 | 14.35 % | ||
| R1 | 5.05 | 6.54 % | ||
| Current price | 4.74 | |||
| Support | S1 | 4.32 | -8.86% | |
| S2 | 4.23 | -10.76% | ||
| S3 | 3.58 | -24.47% |
HL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Mar 25, 2024 | $0.0063 | 0.147% |
| 2 | Nov 06, 2023 | Nov 22, 2023 | Dec 07, 2023 | $0.0063 | 0.130% |
| 3 | Aug 08, 2023 | Aug 23, 2023 | Sep 07, 2023 | $0.0060 | 0.148% |
| 4 | May 10, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.0060 | 0.113% |
| 5 | May 10, 2023 | May 19, 2023 | Jun 09, 2023 | $0.0060 | 0.112% |
FAQ
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