HUDBAY MINERALS INC (HBM) Technical Analysis
NYSE:HBM • CA4436281022
Current stock price
HBM Technical Rating and Analysis
Overall HBM gets a technical rating of 8 out of 10. In the last year, HBM was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that HBM is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by HBM over the past year are nicely spread over this period.
- HBM is one of the better performing stocks in the Metals & Mining industry, it outperforms 88% of 163 stocks in the same industry.
- 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 5863620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month HBM has a been trading in the 19.55 - 26.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HBM Weekly and Daily overview Charts
HBM Setup Rating and Analysis
Although HBM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
HBM Support and Resistance Analysis
19.35
We found 2 important support areas.
- A support zone ranging from 22.81 to 22.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.55 to 19.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @25.38 from a trend line in the daily time frame.
- A resistance zone ranging from 25.88 to 25.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
HBM Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for HBM is neutral. |
| ChartMill Relative Strength | 96.45 | POSITIVE | HBM has a high relative strength, it outperformed 96.45% 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) | DOWN | NEGATIVE | The current price of HBM is below a declining 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) | 47.41 | NEUTRAL | The RSI value for HBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HBM has a negative trend. |
| Stochastics (14,3) | 36.93 | NEUTRAL | The Stochastics value for HBM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.37 | HIGH VOLATILITY | The high ATR as a percentage value for HBM suggests high volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for HBM suggests a weak or negative trend. |
HBM Chart- and CandleStick Pattern Analysis
HBM Technicals: Chart, Performance Metrics, Trend & Indicators
22.98
-1.43 (-5.86%)
HUDBAY MINERALS INC / HBM TA FAQ
What is the technical rating for HBM stock?
ChartMill assigns a technical rating of 8 / 10 to HBM.
What is the trend direction for HBM stock?
The current trend direction for HUDBAY MINERALS INC (HBM) is Bullish.
What is the RSI signal for HUDBAY MINERALS INC (HBM) stock?
HUDBAY MINERALS INC (HBM) has an RSI value of 47.4132. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HUDBAY MINERALS INC?
The MACD indicator for HUDBAY MINERALS INC (HBM) has a value of -0.078063, indicating a bearish trend.
Can you provide the support and resistance levels for HUDBAY MINERALS INC?
HUDBAY MINERALS INC (HBM) has a support level at 22.97 and a resistance level at 25.38. Check the full technical report for our detailed analysis of HBM support and resistance levels.