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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BVN
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Buenaventura Mining Company Inc stock downgraded to Sell Candidate
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Buenaventura Mining Company Inc stock price fell by -1.36% on the last day (Wednesday, 27th Mar 2024) from $16.23 to $16.01. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.39% from a day low at $15.91 to a day high of $16.45. The price has fallen in 7 of the last 10 days and is down by -5.49% for this period. Volume has increased on the last day by 95 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $16.85 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.83 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 16.11% during the next 3 months and, with a 90% probability hold a price between $18.38 and $20.72 at the end of this 3-month period.

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BVN Signals & Forecast

There are few to no technical positive signals at the moment. 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. On corrections up, there will be some resistance from the lines at $16.84 and $16.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -8.62%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Buenaventura Mining Company Inc stock

Buenaventura Mining Company Inc finds support from accumulated volume at $15.99 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 $0.540 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 3.45%.

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 Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Buenaventura Mining Company Inc to open at $16.12, and during the day (based on 14 day Average True Range), to move between $15.40 and $16.62, which gives a possible trading interval of +/-$0.610 (+/-3.81%) 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 7.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.99 (0.12%) than the resistance at $16.79 (4.87%), 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 Buy to a Sell candidate.

Current score: -4.703 Sell Candidate Downgraded

Predicted Opening Price for Buenaventura Mining Company Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$16.12 ( 0.708%) $16.01

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 16.66 4.08 %
R2 16.46 2.79 %
R1 16.33 2.00 %
Current price: 16.01
Support S1 15.92 -0.581 %
S2 15.79 -1.38 %
S3 15.58 -2.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.32 8.18 %
R2 16.86 5.31 %
R1 16.79 4.87 %
Current price 16.01
Support S1 15.99 -0.125%
S2 15.68 -2.06%
S3 15.18 -5.18%

BVN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 11, 2023 Apr 21, 2023 May 11, 2023 $0.0730 1.04%
2 Apr 08, 2022 Apr 21, 2022 May 16, 2022 $0.0730 0.96%
3 Nov 15, 2019 Nov 22, 2019 Dec 16, 2019 $0.0270 0.185%
4 Apr 04, 2019 Apr 12, 2019 May 10, 2019 $0.0600 0.399%
5 Nov 05, 2018 Nov 15, 2018 Dec 07, 2018 $0.0600 0.398%

FAQ

What is the symbol for Buenaventura Mining Company Inc Stock and on which exchange is it traded?
The symbol for Buenaventura Mining Company Inc is BVN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Buenaventura Mining Company Inc Stock?
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 Buy to a Sell candidate.

How to buy Buenaventura Mining Company Inc Stock?
Buenaventura Mining Company 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 Buenaventura Mining Company Inc Stock.

What's the current price of Buenaventura Mining Company Inc Stock?
As of the end of day on the 2024-03-27, the price of an Buenaventura Mining Company Inc (BVN) share was $16.01.

What is the 52-week high and low for Buenaventura Mining Company Inc Stock?
The 52-week high for Buenaventura Mining Company Inc Stock is $17.80 and the 52-week low is $6.45.

What is the market capitalization of Buenaventura Mining Company Inc Stock?
As of the 2024-03-27, the market capitalization of Buenaventura Mining Company Inc is 4.062B.

When is the next earnings date for Buenaventura Mining Company Inc?
The upcoming earnings date for Buenaventura Mining Company Inc is Apr 25, 2024.
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About Buenaventura Mining Company Inc

Buenaventura Mining Company Compañía de Minas Buenaventura S.A.A. engages in the exploration, mining development, processing, and trading of precious and base metals. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well ... BVN Profile

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