Buenaventura Mining Company Inc Stock Forecast
Buenaventura Mining Company Inc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Buenaventura Mining Company Inc stock price fell by -0.562% on the last day (Friday, 19th Apr 2024) from $16.01 to $15.92. During the last trading day the stock fluctuated 1.61% from a day low at $15.86 to a day high of $16.11. The price has fallen in 5 of the last 10 days but is still up by 0.25% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -469 thousand shares and in total, 643 thousand shares were bought and sold for approximately $10.23 million.
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 $15.71 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 8.58% during the next 3 months and, with a 90% probability hold a price between $17.06 and $19.62 at the end of this 3-month period.
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BVN Signals & Forecast
There are mixed signals in the stock today. 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 $15.95 and $16.31. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 3.44%. 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).
Support, Risk & Stop-loss for Buenaventura Mining Company Inc stock
Buenaventura Mining Company Inc finds support from accumulated volume at $15.88 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 $0.255 between high and low, or 1.61%. For the last week, the stock has had daily average volatility of 3.57%.
Our recommended stop-loss: $15.05 (-5.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (BVN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Buenaventura Mining Company Inc to open at $15.96, and during the day (based on 14 day Average True Range), to move between $15.27 and $16.57, which gives a possible trading interval of +/-$0.650 (+/-4.08%) 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 8.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.88 (0.25%) than the resistance at $16.01 (0.57%), 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?
Buenaventura Mining Company Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.576 Hold/Accumulate Upgraded
Predicted Opening Price for Buenaventura Mining Company Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $15.96 ( 0.262%) | $15.92 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 16.22 | 1.86 % | |
| R2 | 16.12 | 1.25 % | ||
| R1 | 16.06 | 0.87 % | ||
| Current price: | 15.92 | |||
| Support | S1 | 15.86 | -0.350 % | |
| S2 | 15.80 | -0.728 % | ||
| S3 | 15.71 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.32 | 8.79 % | |
| R2 | 16.79 | 5.46 % | ||
| R1 | 16.01 | 0.565 % | ||
| Current price | 15.92 | |||
| Support | S1 | 15.88 | -0.251% | |
| S2 | 15.71 | -1.32% | ||
| S3 | 15.68 | -1.51% |
BVN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | May 10, 2024 | $0.0696 | 0.437% |
| 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% |
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