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 HBM
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HudBay Minerals Inc stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 23, 2024 Gain 25.00% PDF

The HudBay Minerals Inc stock price gained 1.16% on the last trading day (Thursday, 28th Mar 2024), rising from $6.92 to $7.00. During the last trading day the stock fluctuated 2.82% from a day low at $6.91 to a day high of $7.10. The price has fallen in 6 of the last 10 days but is still up by 4.01% 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, 971 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $18.31 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 $7.05 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 31.69% during the next 3 months and, with a 90% probability hold a price between $7.84 and $9.28 at the end of this 3-month period.

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HBM 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 $6.88 and $6.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 37.52%. Further rise is indicated until a new top pivot has been found. 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. 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 $6.83 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 $0.195 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 2.77%.

Our recommended stop-loss: $6.75 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (HBM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect HudBay Minerals Inc to open at $7.00, and during the day (based on 14 day Average True Range), to move between $6.79 and $7.21, which gives a possible trading interval of +/-$0.214 (+/-3.05%) up or down from last closing price. If HudBay Minerals Inc takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $6.83, some $0.170 (2.43%) from the current price of $7.00, our system finds the risk reward attractive.

Is HudBay Minerals Inc stock A Buy?

HudBay Minerals Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.059 Strong Buy Candidate Upgraded

Predicted Opening Price for HudBay Minerals Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.00 ( 0.0238%) $7.00

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

Trading levels for HBM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.20 2.81 %
R2 7.12 1.75 %
R1 7.08 1.09 %
Current price: 7.00
Support S1 6.93 -1.04 %
S2 6.88 -1.70 %
S3 6.81 -2.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 7.00
Support S1 6.83 -2.43%
S2 5.60 -20.00%
S3 5.55 -20.71%

HBM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2024 Mar 04, 2024 Mar 22, 2024 $0.0074 0.108%
2 Aug 08, 2023 Aug 31, 2023 Sep 22, 2023 $0.0080 0.171%
3 Feb 23, 2023 Mar 06, 2023 Mar 24, 2023 $0.0070 0.145%
4 Aug 08, 2022 Sep 01, 2022 Sep 23, 2022 $0.0080 0.204%
5 Feb 23, 2022 Mar 07, 2022 Mar 25, 2022 $0.0080 0.0998%

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 and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell HudBay Minerals Inc Stock?
HudBay Minerals Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong 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 2024-03-28, the price of an HudBay Minerals Inc (HBM) share was $7.00.

What is the 52-week high and low for HudBay Minerals Inc Stock?
The 52-week high for HudBay Minerals Inc Stock is $7.10 and the 52-week low is $3.94.

What is the market capitalization of HudBay Minerals Inc Stock?
As of the 2024-03-28, the market capitalization of HudBay Minerals Inc is 2.455B.

When is the next earnings date for HudBay Minerals Inc?
The upcoming earnings date for HudBay Minerals Inc is May 13, 2024.
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