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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HBM is showing a nice and steady performance.
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.
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11.73
When analyzing the support we can see 5 important areas.
- A support zone ranging from 15.62 to 15.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.90 to 14.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.58 from a horizontal line in the daily time frame.
- Support @12.18 from a trend line in the daily time frame.
- Support @11.85 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 | 94.87 | POSITIVE | HBM has a high relative strength, it outperformed 94.87% 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) | 59.84 | NEUTRAL | The RSI value for HBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests HBM has a positive trend. |
| Stochastics (14,3) | 70.64 | NEUTRAL | The Stochastics value for HBM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for HBM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.24 | NEGATIVE | The low ADX value for HBM suggests a weak or negative trend. |
16.96
+0.37 (+2.23%)
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 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 59.8399. 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 0.0757659, indicating a bearish trend.
What is the short term momentum for HBM stock?
The short term momentum for HUDBAY MINERALS INC (HBM) is positive.