HARMONY GOLD MNG-SPON ADR (HMY) Stock Technical Analysis
NYSE:HMY • US4132163001
Taking everything into account, HMY scores 7 out of 10 in our technical rating. In the last year, HMY was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month HMY has a been trading in the 19.18 - 26.06 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, HMY did better than 92% of all other stocks. We also observe that the gains produced by HMY over the past year are nicely spread over this period.
- HMY has an average volume of 4624760 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- HMY is part of the Metals & Mining industry. There are 157 other stocks in this industry, HMY did better than 44% of them.
- 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.
Besides having an excellent technical rating, HMY also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 19.78, a Stop Loss order could be placed below this zone.
More info and screens
16.71
We found 3 important support areas.
- A support zone ranging from 19.40 to 19.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.03 from a trend line in the daily time frame.
- Support @16.88 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @19.87 from a trend line in the daily time frame.
- A resistance zone ranging from 20.30 to 20.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.72 to 21.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.66 to 21.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for HMY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HMY is down. |
| ChartMill Relative Strength | 92.2 | POSITIVE | HMY has a high relative strength, it outperformed 92.2% 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) | UP | MIXED | The current price of HMY is below the rising 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) | 43.55 | NEUTRAL | The RSI value for HMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests HMY has a negative trend. |
| Stochastics (14,3) | 12.68 | OVERSOLD | The low Stochastics value suggests HMY may be oversold. |
| Average True Range in percent/ATR (20) | 7.75 | HIGH VOLATILITY | The high ATR as a percentage value for HMY suggests high volalility. |
| Average Directional Index/ADX (14) | 14.89 | NEGATIVE | The low ADX value for HMY suggests a weak or negative trend. |
19.79
-1.2 (-5.72%)
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 7 / 10 to HMY.
What is the trend direction for HMY stock?
The current trend direction for HARMONY GOLD MNG-SPON ADR (HMY) is Bullish.
What is the RSI signal for HMY stock?
HARMONY GOLD MNG-SPON ADR (HMY) has an RSI value of 43.553. This indicates that the stock is currently neutral.
What is the buy/sell signal for HMY stock?
The buy/sell signal for HARMONY GOLD MNG-SPON ADR (HMY) is hold as the short term and long term trends are mixed.
What is the support and resistance level for HMY stock?
HARMONY GOLD MNG-SPON ADR (HMY) has a support level at 19.78 and a resistance level at 19.87. Check the full technical report for our detailed analysis of HMY support and resistance levels.