CIA DE MINAS BUENAVENTUR-ADR (BVN) Stock Technical Analysis
NYSE:BVN - New York Stock Exchange, Inc. - US2044481040 - ADR - Currency: USD
Taking everything into account, BVN scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BVN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, BVN did better than 79% of all other stocks.
BVN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
BVN is part of the Metals & Mining industry. There are 157 other stocks in this industry, BVN did better than 47% of them.
In the last month BVN has a been trading in the 16.06 - 17.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, BVN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.03, a Stop Loss order could be placed below this zone.
More info and screens
11.87
17.98
5 important support areas can be observed.
- A support zone ranging from 16.93 to 17.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.00 to 16.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.71 from a trend line in the daily time frame.
- Support @13.81 from a trend line in the weekly time frame.
- Support @11.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @17.51 from a horizontal line in the weekly time frame.
- Resistance @17.80 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BVN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BVN is up. |
| ChartMill Relative Strength | 79.04 | POSITIVE | BVN has a high relative strength, it outperformed 79.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BVN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BVN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BVN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.06 | NEUTRAL | The RSI value for BVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BVN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.51 | NEUTRAL | The Stochastics value for BVN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for BVN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.53 | NEUTRAL | The ADX value for BVN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.52 | 16.92 | 0.60 (3.42%) | 25.00% |
| An entry @17.52. This is a Buy Stop order right above the resistance zone. | An exit @16.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.60 points, which is 3.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- The distance between exit and entry is rather small compared to the average daily movement of BVN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.5
+0.46 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.7%
1 Week0.98%
2 Weeks0.4%
1 Month5.36%
3 Month16.51%
6 Month34.1%
12 Month21.53%
2 Year104.92%
3 Year228.95%
5 Year24.29%
10 Year176.9%
15 Year-57.67%
Volatility
ATR(14)0.58
ATR(20)%3.18%
ATR Inc-13.98%
Range Today0.44
ADR(20)0.52
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.04
Mansfield1.5
10 Day High17.98
10 Day Low16.9
20 Day High17.98
20 Day Low16.06
52 Week High17.98
52 Week Low11.5
CS1 End17.03
CR1 Start17.51
Volume & EV
DER(3)-0.5%
DER(5)0.43%
Volume339.80K
Volume Incr-2.76%
Vol(5)739.28K
Vol(50)924.34K