HUDBAY MINERALS INC (HBM) Stock Technical Analysis
USA - NYSE:HBM - CA4436281022 - Common Stock
Taking everything into account, HBM scores 9 out of 10 in our technical rating. 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.
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.
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10.92
3 important support areas can be observed.
- Support @15.08 from a horizontal line in the daily time frame.
- Support @11.28 from a trend line in the daily time frame.
- Support @11.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.14 to 16.57. 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 | NEUTRAL | NEUTRAL | The short term trend for HBM is neutral. |
| ChartMill Relative Strength | 93.44 | POSITIVE | HBM has a high relative strength, it outperformed 93.44% 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) | 53.94 | NEUTRAL | The RSI value for HBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests HBM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.96 | NEUTRAL | The Stochastics value for HBM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for HBM suggests some volalility. |
| Average Directional Index/ADX (14) | 35.83 | POSITIVE | The high ADX value value for HBM suggests a strong trend. |
15.83
+0.4 (+2.59%)
HUDBAY MINERALS INC / HBM FAQ
What is the technical rating for HBM stock?
ChartMill assigns a technical rating of 9 / 10 to HBM.
What is the current trend direction of HUDBAY MINERALS INC (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 53.9384. This indicates that the stock is currently neutral.
What is the MACD signal for HUDBAY MINERALS INC (HBM) stock?
The MACD indicator for HUDBAY MINERALS INC (HBM) has a value of -0.291116, indicating a bearish trend.
What is the short term momentum for HBM stock?
The short term momentum for HUDBAY MINERALS INC (HBM) is neutral.