HYCROFT MINING HOLDING CO-A (HYMC) Stock Technical Analysis
USA - NASDAQ:HYMC - US44862P2083 - Common Stock
Taking everything into account, HYMC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HYMC is showing a nice and steady performance.
Besides having an excellent technical rating, HYMC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.75. Right above this resistance zone may be a good entry point.
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6.67
When analyzing the support we can see 3 important areas.
- Support @7.26 from a trend line in the daily time frame.
- A support zone ranging from 6.95 to 7.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.74 to 6.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.75 to 7.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.07 from a horizontal 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 | UP | POSITIVE | The long term trend for HYMC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HYMC is neutral. |
| ChartMill Relative Strength | 98.66 | POSITIVE | HYMC has a high relative strength, it outperformed 98.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HYMC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HYMC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HYMC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.13 | NEUTRAL | The RSI value for HYMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests HYMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.51 | NEUTRAL | The Stochastics value for HYMC is a neutral value. |
| Average True Range in percent/ATR (20) | 10.15 | HIGH VOLATILITY | The high ATR as a percentage value for HYMC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.48 | NEUTRAL | The ADX value for HYMC suggests a possible start of a new trend. |
7.65
+0.41 (+5.66%)
HYCROFT MINING HOLDING CO-A / HYMC FAQ
What is the ChartMill technical rating of HYCROFT MINING HOLDING CO-A (HYMC) stock?
ChartMill assigns a technical rating of 9 / 10 to HYMC.
What is the trend direction for HYMC stock?
The current trend direction for HYCROFT MINING HOLDING CO-A (HYMC) is Bullish.
What is the RSI signal for HYMC stock?
HYCROFT MINING HOLDING CO-A (HYMC) has an RSI value of 53.127. This indicates that the stock is currently neutral.
What is the support and resistance level for HYMC stock?
HYCROFT MINING HOLDING CO-A (HYMC) has a support level at 7.26 and a resistance level at 7.75. Check the full technical report for our detailed analysis of HYMC support and resistance levels.