HUDBAY MINERALS INC (HBM) Technical Analysis
NYSE:HBM • CA4436281022
Current stock price
HBM Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to HBM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month HBM has a been trading in the 20.52 - 28.53 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, HBM did better than 96% of all other stocks. We also observe that the gains produced by HBM over the past year are nicely spread over this period.
- HBM is part of the Metals & Mining industry. There are 157 other stocks in this industry. HBM outperforms 80% of them.
- HBM has an average volume of 6461850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- HBM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HBM is lagging the market slightly.
HBM Weekly and Daily overview Charts
HBM Setup Rating and Analysis
Although HBM has an excellent technical rating, it does not offer a high quality setup 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
16.39
When analyzing the support we can see 2 important areas.
- Support @19.96 from a trend line in the daily time frame.
- Support @16.56 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.74 to 20.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for HBM is down. |
| ChartMill Relative Strength | 96.78 | POSITIVE | HBM has a high relative strength, it outperformed 96.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HBM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HBM is below 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) | 33.8 | NEUTRAL | The RSI value for HBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests HBM has a negative trend. |
| Stochastics (14,3) | 14.74 | OVERSOLD | The low Stochastics value suggests HBM may be oversold. |
| Average True Range in percent/ATR (20) | 7.38 | HIGH VOLATILITY | The high ATR as a percentage value for HBM suggests high volalility. |
| Average Directional Index/ADX (14) | 28.27 | POSITIVE | The high ADX value value for HBM suggests a strong trend. |
HBM Chart- and CandleStick Pattern Analysis
HBM Technicals: Chart, Performance Metrics, Trend & Indicators
20.73
-1.12 (-5.13%)
HUDBAY MINERALS INC / HBM TA FAQ
What is the technical rating for HBM stock?
ChartMill assigns a technical rating of 7 / 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 HBM stock?
HUDBAY MINERALS INC (HBM) has an RSI value of 33.7994. This indicates that the stock is currently neutral.
What is the MACD signal for HBM stock?
The MACD indicator for HUDBAY MINERALS INC (HBM) has a value of -0.647257, indicating a bearish trend.
What is the short term momentum for HUDBAY MINERALS INC (HBM) stock?
The short term momentum for HUDBAY MINERALS INC (HBM) is negative.