HARMONY GOLD MNG-SPON ADR (HMY) Technical Analysis
NYSE:HMY • US4132163001
We assign a technical rating of 4 out of 10 to HMY. Although HMY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- HMY is one of the lesser performing stocks in the Metals & Mining industry. 64% of 157 stocks in the same industry do better.
- In the last month HMY has a been trading in the 17.91 - 22.94 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.
- When comparing the yearly performance of all stocks, we notice that HMY is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, HMY also shows a nice and consistent pattern of rising prices.
- HMY has an average volume of 4740750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- HMY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HMY is lagging the market.
HMY has an average technical rating and it also 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
17.14
When analyzing the support we notice one important area.
- Support @17.31 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 18.99 to 19.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.81 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for HMY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HMY is down. |
| ChartMill Relative Strength | 84.65 | POSITIVE | HMY has a high relative strength, it outperformed 84.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HMY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HMY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HMY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.71 | NEUTRAL | The RSI value for HMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests HMY has a negative trend. |
| Stochastics (14,3) | 16.98 | OVERSOLD | The low Stochastics value suggests HMY may be oversold. |
| Average True Range in percent/ATR (20) | 6.29 | HIGH VOLATILITY | The high ATR as a percentage value for HMY suggests high volalility. |
| Average Directional Index/ADX (14) | 15.5 | NEGATIVE | The low ADX value for HMY suggests a weak or negative trend. |
HMY Technicals: Chart, Performance Metrics, Trend & Indicators
18.95
-0.05 (-0.26%)
HARMONY GOLD MNG-SPON ADR / HMY FAQ
Can you provide the ChartMill technical rating for HARMONY GOLD MNG-SPON ADR?
ChartMill assigns a technical rating of 4 / 10 to HMY.
What is the trend direction for HMY stock?
The current trend direction for HARMONY GOLD MNG-SPON ADR (HMY) is Bearish.
What is the RSI signal for HMY stock?
HARMONY GOLD MNG-SPON ADR (HMY) has an RSI value of 38.7057. This indicates that the stock is currently neutral.
What is the support and resistance level for HMY stock?
HARMONY GOLD MNG-SPON ADR (HMY) has a support level at 18.99 and a resistance level at 21.81. Check the full technical report for our detailed analysis of HMY support and resistance levels.