Hochschild Mining Plc Stock Analysis
Technical stock analysis for 23 January 2019
Hochschild Mining Plc fell by -0.42% in the last day from £166.15 to £165.45 The price has risen in 5 of the last 10 days , but is still down by -5.24% for this period. Volume has increased in the last day by 1.01 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.01 million shares bought and sold for approximately £167.85 million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the HOC.L stock was £165.45. This is 0.42% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 3.62% from a day low at £164.20 to a day high of £170.15.
30 day high of the HOC.L stock price was £181.75 and low was £154.55.
90 day high was £181.75 and low was £146.80.
52 week high for the Hochschild Mining Plc - £240.00 and low - £146.65.
Hochschild Mining Plc lies in the middle of a wide and weak 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 6.01% during the next 3 months and, with 90% probability hold a price between £167.25 and £189.31 at the end of this period.
There are few to none technical positive signals at the moment. Hochschild Mining Plc 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 £166.06 and £166.45. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday January 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 37 and the stock is currently not being overbought or oversold
Support & Resistance
Hochschild Mining Plc finds support from accumulated volume at £164.35.
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 £5.95 between high and low, or 3.62%. For the last week, the stock has had a daily average volatility of 2.54%.
Our recommended stoploss: £158.95 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
Very Low Low Medium High Very High
Hochschild Mining Plc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.