Horizonte Minerals Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in Horizonte Minerals stock price on Wednesday moving 23.97% between high and low
(Updated on Apr 17, 2024)
The Horizonte Minerals stock price fell by -15.79% on the last day (Wednesday, 17th Apr 2024) from £0.475 to £0.400. During the last trading day the stock fluctuated 23.97% from a day low at £0.365 to a day high of £0.453. The price has been going up and down for this period, and there has been a -81.18% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -26 million shares and in total, 6 million shares were bought and sold for approximately £2.30 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £0.0512 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -83.14% during the next 3 months and, with a 90% probability hold a price between £0.0086 and £0.359 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HZM.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.56%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Horizonte Minerals stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 £1.51 and £2.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Horizonte Minerals stock
Horizonte Minerals finds support from accumulated volume at £0.390 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0875 between high and low, or 23.97%. For the last week, the stock has had daily average volatility of 50.28%.
Horizonte Minerals is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HZM.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Horizonte Minerals to open at £0.406, and during the day (based on 14 day Average True Range), to move between -£0.192 and £0.99, which gives a possible trading interval of +/-£0.592 (+/-148.01%) up or down from last closing price. If Horizonte Minerals takes out the full calculated possible swing range there will be an estimated 296.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £0.390 (2.50%) than the resistance at £0.475 (18.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Horizonte Minerals stock A Buy?
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 analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.583 Strong Sell Candidate Downgraded
Predicted Opening Price for Horizonte Minerals of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £0.406 ( 1.46%) | £0.400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HZM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.493 | 23.33 % | |
| R2 | 0.460 | 14.98 % | ||
| R1 | 0.439 | 9.81 % | ||
| Current price: | 0.400 | |||
| Support | S1 | 0.372 | -6.90 % | |
| S2 | 0.352 | -12.06 % | ||
| S3 | 0.318 | -20.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.475 | 18.75 % | ||
| Current price | 0.400 | |||
| Support | S1 | 0.390 | -2.50% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Horizonte Minerals Stock.
