HZM.L Forecast and Technical Stock AnalysisHold candidate since 2019-07-09 Gain 26.15%
Horizonte Minerals fell by -3.53% in the last day ( Wednesday, 17th Jul 2019 ) from £0.03 to £0.02 During day the stock fluctuated 9.91% from a day low at £0.02 to a day high of £0.03. The price has risen in 7 of the last 10 days and is up by 21.78% 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 -1.29 million shares and in total 8.99 million shares bought and sold for approximately £221 191.00.
- 30 day high of the HZM.L stock price was £0.03 and low was £0.02.
- 90 day high was £0.03 and low was £0.02.
- 52 week high for the Horizonte Minerals - £3.82 and low - £0.02.
Horizonte Minerals is at the upper part of a very wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at £0.03 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect Horizonte Minerals with 90% probability to be traded between £0.02 and £0.03 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Horizonte Minerals 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 £0.02 and £0.02. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 79 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £0.02 and £0.02.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Horizonte Minerals finds support just below today's level at £0.02. If this is broken, then the next support from accumulated volume will be at £0.02 and £0.02.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 9.91%. For the last week the stock has had a daily average volatility of 8.19%.
Our recommended stoploss: £0.02 (-6.28%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)
8.19 %Average volatility
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