RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HZM.L
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High volatility in Horizonte Minerals stock price on Wednesday which ended trading at £3.75
(Updated on Mar 27, 2024)

Sell candidate since Mar 11, 2024 Gain 7.14% PDF

The Horizonte Minerals stock price fell by -9.09% on the last day (Wednesday, 27th Mar 2024) from £4.13 to £3.75. During the last trading day the stock fluctuated 16.44% from a day low at £3.65 to a day high of £4.25. The price has been going up and down for this period, and there has been a 3.45% gain for the last 2 weeks. Volume has increased on the last day by 466 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 552 thousand shares were bought and sold for approximately £2.07 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.

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HZM.L Signals & Forecast

There are mixed signals in the stock today. The Horizonte Minerals stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £4.90. On a fall, the stock will find some support from the short-term average at £3.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, January 05, 2024, and so far it has fallen -79.17%. Further fall is indicated 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Horizonte Minerals stock

Horizonte Minerals finds support from accumulated volume at £3.63 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 much during the 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 £0.600 between high and low, or 16.44%. For the last week, the stock has had daily average volatility of 13.09%.

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 28th

For the upcoming trading day on Thursday, 28th we expect Horizonte Minerals to open at £3.88, and during the day (based on 14 day Average True Range), to move between £3.15 and £4.35, which gives a possible trading interval of +/-£0.598 (+/-15.95%) up or down from last closing price. If Horizonte Minerals takes out the full calculated possible swing range there will be an estimated 31.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £3.84 (2.40%) than the support at £3.63 (3.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Horizonte Minerals stock A Buy?

Horizonte Minerals holds several negative signals and we believe that 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: -6.058 Strong Sell Candidate Downgraded

Predicted Opening Price for Horizonte Minerals of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£3.88 ( 3.56%) £3.75

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 4.48 19.56 %
R2 4.25 13.44 %
R1 4.11 9.67 %
Current price: 3.75
Support S1 3.65 -2.56 %
S2 3.51 -6.33 %
S3 3.28 -12.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.13 10.00 %
R2 3.95 5.33 %
R1 3.84 2.40 %
Current price 3.75
Support S1 3.63 -3.33%
S2 3.50 -6.67%
S3 3.10 -17.33%

FAQ

What is the symbol for Horizonte Minerals Stock and on which exchange is it traded?
The symbol for Horizonte Minerals is HZM.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Horizonte Minerals Stock?
Horizonte Minerals holds several negative signals and we believe that 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.

How to buy Horizonte Minerals Stock?
Horizonte Minerals Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Horizonte Minerals Stock.

What's the current price of Horizonte Minerals Stock?
As of the end of day on the 2024-03-27, the price of an Horizonte Minerals (HZM.L) share was £3.75.

What is the 52-week high and low for Horizonte Minerals Stock?
The 52-week high for Horizonte Minerals Stock is £172.00 and the 52-week low is £2.50.

What is the market capitalization of Horizonte Minerals Stock?
As of the 2024-03-27, the market capitalization of Horizonte Minerals is 10.117M.

When is the next earnings date for Horizonte Minerals?
The upcoming earnings date for Horizonte Minerals is Aug 15, 2024.
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About Horizonte Minerals

Horizonte Minerals Horizonte Minerals Plc, together with its subsidiaries, engages in the exploration and development of mineral projects in Brazil. The company primarily explores for nickel deposits, as well as cobalt deposits. It holds 100% interest in the Araguaia ferronickel project and Serra do Tapa nickel project located in the State of Para; and the Vermelho Nickel-Cobalt project in the eastern part of the Carajás mining district. Horizonte Minerals Plc was... HZM.L Profile

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