Social Sentiment for BVN
Bullish vs. Bearish opinions
Weighted Sentiment 0.87
Buenaventura Mining Company Inc Forecast and Stock Analysis
Technical BVN stock analysis for Monday June 24, 2019.
Buenaventura Mining Company Inc gained 3.33% in the last trading day ( Monday, 24th Jun 2019 ), rising from $16.53 to $17.08 During day the stock fluctuated 3.14% from a day low at $16.58 to a day high of $17.10. The price has risen in 6 of the last 10 days and is up by 11.34% over the past 2 weeks. Volume fell in the last day by -1.63 million shares, and in total, 1.20 million shares bought and sold for approximately $20.57 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the BVN stock price was $17.10 and low was $14.15.
- 90 day high was $17.71 and low was $14.15.
- 52 week high for the Buenaventura Mining Company Inc - $17.78 and low - $11.67.
Buenaventura Mining Company Inc has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $16.10, a level that may pose a second chance to hit a runner. According to fan-theory $18.46 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. Buenaventura Mining Company Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $16.11 and $15.45. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
Buenaventura Mining Company Inc finds support from accumulated volume at $16.53.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.52 between high and low, or 3.14%. For the last week, the stock has had a daily average volatility of 3.21%.
Our recommended stoploss: $16.47 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
3.21 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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|BVN $17.08 ($0.55 3.33%)|
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