CIA DE MINAS BUENAVENTUR-ADR (BVN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BVN - US2044481040 - ADR
We assign a technical rating of 10 out of 10 to BVN. 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.
Besides having an excellent technical rating, BVN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 23.43, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.95
We found 3 important support areas.
- A support zone ranging from 22.94 to 23.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.14 to 22.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @26.76 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 | 94.99 | POSITIVE | BVN has a high relative strength, it outperformed 94.99% 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) | 58.27 | NEUTRAL | The RSI value for BVN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests BVN has a positive trend. |
| Stochastics (14,3) | 73.85 | NEUTRAL | The Stochastics value for BVN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BVN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for BVN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 24.56 | 22.93 | 1.63 (6.64%) | 15.07% |
| An entry @24.56. This is a Buy Stop order right above the 10 day high. | An exit @22.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.63 points, which is 6.64%. | For a 1.00% total portfolio risk, you can invest 15.07% of your capital in this trade. |
- 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.
24.28
+0.9 (+3.85%)
CIA DE MINAS BUENAVENTUR-ADR / BVN FAQ
Can you provide the ChartMill technical rating for CIA DE MINAS BUENAVENTUR-ADR?
ChartMill assigns a technical rating of 10 / 10 to BVN.
Can you provide the trend direction for CIA DE MINAS BUENAVENTUR-ADR?
The current trend direction for CIA DE MINAS BUENAVENTUR-ADR (BVN) is Bullish.
Can you provide the RSI signal for CIA DE MINAS BUENAVENTUR-ADR?
CIA DE MINAS BUENAVENTUR-ADR (BVN) has an RSI value of 58.2747. This indicates that the stock is currently neutral.
What is the short term momentum for CIA DE MINAS BUENAVENTUR-ADR (BVN) stock?
The short term momentum for CIA DE MINAS BUENAVENTUR-ADR (BVN) is positive.
Can you provide the buy/sell signal for CIA DE MINAS BUENAVENTUR-ADR?
The buy/sell signal for CIA DE MINAS BUENAVENTUR-ADR (BVN) is buy as both the short term and long term trends are positive.