Weaker Buy Today HOC.L ranks #1459 as BUY CANDIDATE. Stronger Buy
Today HOC.L ranks #1459 as BUY CANDIDATE.

HOC.L stock Hochschild Mining Plc

HOC.L stock
Hochschild Mining Plc

March 18, 2019
Change 2.20%
Chart period: 2018-12-19 - 2019-03-18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will HOC.L stock price go up or down on Wed, 20 Mar 2019?

Hochschild Mining Plc Forecast and Stock Analysis

Technical HOC.L stock analysis for March 18, 2019.

Buy candidate since 2019-03-18

Hochschild Mining Plc gained 2.20% in the last trading day, rising from £190.70 to £194.90 The price has been going up and down for this period, and there has been a 1.91% gain for the last 2 weeks. Volume fell in the last day by -1.28 million shares, and in total, 1.42 million shares bought and sold for approximately £277.60 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 (Monday, 18th Mar 2019) of the HOC.L stock was £194.90. This is 2.2% more than the trading day before Friday, 15th Mar 2019.

During day the stock fluctuated 3.19% from a day low at £194.20 to a day high of £200.40.

30 day high of the HOC.L stock price was £209.50 and low was £188.05.
90 day high was £209.50 and low was £154.55.
52 week high for the Hochschild Mining Plc - £228.60 and low - £146.65.

Trend

Hochschild Mining Plc 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 24.61% during the next 3 months and, with 90% probability hold a price between £235.90 and £270.07 at the end of this period.

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Signals

Only positive signals in the chart today. Hochschild Mining Plc holds buy signals from both short- and long-term moving averages. In addition, 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 £194.02 and £193.72. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 15, 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.

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A buy signal from a double bottom formation was found on Friday March 15, 2019 and based on theory for this formation the price should go up by 8.01% to £199.41 within 4 trading days since signal was issued (Thursday March 21, 2019).

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Hochschild Mining Plc finds support from accumulated volume at £190.70.

Support: £190.70 Price: £194.90 Resistance: £198.40

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £6.20 (3.19%) between high and low. For the last week, the stock has had a daily average volatility of 3.57%.

Our recommended stoploss: £185.05 (-5.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Weaker Buy Today HOC.L ranks #1459 as BUY CANDIDATE. Stronger Buy
Today HOC.L ranks #1459 as BUY CANDIDATE.