Stronger Sell Today HZM.L ranks #4240 as SELL CANDIDATE. Weaker Sell
Today HZM.L ranks #4240 as SELL CANDIDATE.

HZM.L stock Horizonte Minerals

HZM.L stock
Horizonte Minerals

April 18, 2019
Change -3.59%
Chart period: 2019-01-21 - 2019-04-18
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will HZM.L stock price go up or down on Tue, 23 Apr 2019?

Horizonte Minerals Forecast and Stock Analysis

Technical HZM.L stock analysis for April 18, 2019.

Sell candidate since 2019-04-18

Horizonte Minerals fell by -3.59% in the last day from £2.23 to £2.15 and has now fallen 3 days in a row. The price has risen in 4 of the last 10 days and is up by 0.47% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.93 million shares and in total 2.60 million shares bought and sold for approximately £5.58 million.

Close price at the end of the last trading day (Thursday, 18th Apr 2019) of the HZM.L stock was £2.15. This is 3.59% less than the trading day before Wednesday, 17th Apr 2019.

During day the stock fluctuated 3.72% from a day low at £2.15 to a day high of £2.23.

30 day high of the HZM.L stock price was £2.46 and low was £2.10.
90 day high was £2.70 and low was £1.93.
52 week high for the Horizonte Minerals - £4.90 and low - £1.78.

Trend

Horizonte Minerals lies in the middle of a very 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 -7.27% during the next 3 months and, with 90% probability hold a price between £1.81 and £2.35 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Horizonte Minerals holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £2.23 and £2.20. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday April 11, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Thursday April 11, 2019 and based on theory for this formation the price should fall by -0.22% to £2.10 within 12 trading days since signal was issued (Wednesday May 01, 2019).

Relative Strength Index (RSI)

RSI14 is 48 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Horizonte Minerals finds support from accumulated volume at £2.09.

Support: £2.09 Price: £2.15 Resistance: £2.23

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 £0.08 (3.72%) between high and low. For the last week, the stock has had a daily average volatility of 2.46%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

Horizonte Minerals holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Stronger Sell Today HZM.L ranks #4240 as SELL CANDIDATE. Weaker Sell
Today HZM.L ranks #4240 as SELL CANDIDATE.