Harmony Gold Mining Company Limited Forecast and Stock Analysis
Technical HMY stock analysis for February 15, 2019.
|Shorts||0.76% ( 2019-01-31 )|
Harmony Gold Mining Company Limited gained 2.05% in the last trading day, rising from $1.95 to $1.99 The price has risen in 6 of the last 10 days , but is still down by -2.45% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 2.13 million more shares were traded than the day before. In total, 6.08 million shares bought and sold for approximately $12.10 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the HMY stock was $1.99. This is 2.05% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 6.91% from a day low at $1.88 to a day high of $2.01.
30 day high of the HMY stock price was $2.20 and low was $1.69.
90 day high was $2.20 and low was $1.47.
52 week high for the Harmony Gold Mining Company Limited - $2.53 and low - $1.43.
Harmony Gold Mining Company Limited lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 30.13% during the next 3 months and, with 90% probability hold a price between $2.41 and $2.84 at the end of this period.
Only positive signals in the chart today. Harmony Gold Mining Company Limited holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $2.05. On a fall, the stock will find some support from the long-term average at approximately $1.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Harmony Gold Mining Company Limited finds support from accumulated volume at $1.96.
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 $0.13 between high and low, or 6.91%. For the last week, the stock has had a daily average volatility of 5.85%.
Our recommended stoploss: $1.87 (-5.98%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.