HUDBAY MINERALS INC (HBM) Stock Technical Analysis
NYSE:HBM - New York Stock Exchange, Inc. - CA4436281022 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to HBM. Both in the recent history as in the last year, HBM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
HBM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HBM is lagging the market slightly.
HBM has an average volume of 7866040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, HBM did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
HBM is an average performer in the Metals & Mining industry, it outperforms 67% of 154 stocks in the same industry.
In the last month HBM has a been trading in the 9.46 - 11.13 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, HBM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
6.64
11.08
We found 3 important support areas.
- A support zone ranging from 10.33 to 10.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.36 to 9.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.71 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.69 to 10.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 HBM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HBM is up. |
| ChartMill Relative Strength | 89.01 | POSITIVE | HBM has a high relative strength, it outperformed 89.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HBM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HBM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HBM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.24 | NEUTRAL | The RSI value for HBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests HBM has a negative trend. |
| Stochastics (14,3) | 54.24 | NEUTRAL | The Stochastics value for HBM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for HBM suggests some volalility. |
| Average Directional Index/ADX (14) | 40.65 | POSITIVE | The high ADX value value for HBM suggests a strong 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 |
|---|---|---|---|
| 10.70 | 10.32 | 0.38 (3.58%) | 25.00% |
| An entry @10.70. This is a Buy Stop order right above the 10 day moving average. | An exit @10.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.38 points, which is 3.58%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The distance between exit and entry is rather small compared to the average daily movement of HBM. 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.
10.34
-0.13 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.24%
1 Week-5.05%
2 Weeks-2.54%
1 Month6.71%
3 Month46.88%
6 Month20.37%
12 Month28.13%
2 Year73.78%
3 Year168.57%
5 Year227.22%
10 Year60.56%
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%3.44%
ATR Inc-34.59%
Range Today0.33
ADR(20)0.32
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.01
Mansfield1.39
10 Day High11.13
10 Day Low10.18
20 Day High11.13
20 Day Low9.46
52 Week High11.13
52 Week Low5.95
CS1 End10.33
CR1 Start10.69
Volume & EV
DER(3)-5.04%
DER(5)-2.53%
Volume5.27M
Volume Incr-26.72%
Vol(5)6.29M
Vol(50)7.87M