Harmony Gold Mining Company Limited Forecast and Stock Analysis
Technical HMY stock analysis for April 24, 2019.
|Shorts||1.85% ( 2019-03-29 )|
Harmony Gold Mining Company Limited gained 1.12% in the last trading day, rising from $1.79 to $1.81 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 7 of the last 10 days and is down by -12.98% for this period. Volume fell in the last day by -0.98 million shares, and in total, 2.49 million shares bought and sold for approximately $4.51 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.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the HMY stock was $1.81. This is 1.12% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 4.55% from a day low at $1.76 to a day high of $1.84.
30 day high of the HMY stock price was $2.10 and low was $1.76.
90 day high was $2.21 and low was $1.75.
52 week high for the Harmony Gold Mining Company Limited - $2.21 and low - $1.43.
Harmony Gold Mining Company Limited lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.75% during the next 3 months and, with 90% probability hold a price between $1.61 and $1.89 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday April 22, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Harmony Gold Mining Company Limited holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.82 and $1.94. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Harmony Gold Mining Company Limited finds support from accumulated volume at $1.80.
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 $0.08 between high and low, or 4.55%. For the last week, the stock has had a daily average volatility of 3.37%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Harmony Gold Mining Company Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|HMY $1.81 ($0.02 1.12%)|
HMY is up $0.02 today, but where's it headed in 2019?
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