HUDBAY MINERALS INC (HBM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HBM - CA4436281022 - Common Stock
We assign a technical rating of 10 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.
- The long and short term trends are both positive. This is looking good!
- 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. On top of that, HBM also shows a nice and consistent pattern of rising prices.
- HBM 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.
- In the last month HBM has a been trading in the 18.79 - 23.34 range, which is quite wide. It is currently trading near the high of this range.
- HBM has an average volume of 4794470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HBM is an average performer in the Metals & Mining industry, it outperforms 67% of 156 stocks in the same industry.
HBM has an excellent technical rating, but the quality of the setup is only medium 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
12.87
When analyzing the support we can see 4 important areas.
- Support @17.82 from a trend line in the weekly time frame.
- Support @17.27 from a trend line in the daily time frame.
- Support @15.57 from a trend line in the daily time frame.
- Support @13.00 from a trend line in the weekly 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 HBM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HBM is up. |
| ChartMill Relative Strength | 96.99 | POSITIVE | HBM has a high relative strength, it outperformed 96.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HBM is above 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) | 71.33 | OVERBOUGHT | The high RSI value suggests HBM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests HBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.87 | OVERBOUGHT | The high Stochastics value suggests HBM may be overbought. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for HBM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.31 | POSITIVE | The high ADX value value for HBM suggests a strong trend. |
22.5
-0.26 (-1.14%)
HUDBAY MINERALS INC / HBM FAQ
What is the technical rating for HBM stock?
ChartMill assigns a technical rating of 10 / 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 71.3338. This indicates that the stock is currently overbought.
What is the MACD signal for HBM stock?
The MACD indicator for HUDBAY MINERALS INC (HBM) has a value of 0.0992283, 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 positive.