Question 1

What implications does the 10-day RSI indicator have for HMY?

Accepted Answer

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 2

What does the Stochastic Oscillator suggest about HMY's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did HMY's Momentum indicator behave recently?

Accepted Answer

HMY saw its Momentum Indicator move above the 0 level on August 06, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned positive. In 74 of the 83 cases, the stock moved higher in the following days. The odds of a move higher are at 0%.

Question 4

What does MACD indicator imply for HMY?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for HMY just turned positive on August 09, 2024. Looking at past instances where HMY's MACD turned positive, the stock continued to rise in 32 of 40 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What is the significance of the 50-day moving average indicator for HMY?

Accepted Answer

HMY moved above its 50-day moving average on August 08, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What is the significance of the 10-day moving average indicator for HMY?

Accepted Answer

The 10-day moving average for HMY crossed bullishly above the 50-day moving average on August 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 16 of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day price advance indicate for HMY?

Accepted Answer

Following a +7.90% 3-day Advance, the price is estimated to grow further. Considering data from situations where HMY advanced for three days, in 213 of 269 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 8

What does a 3-day decline signify for HMY's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HMY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 0%.

Question 9

What does HMY breaking above its upper Bollinger Band indicate?

Accepted Answer

HMY broke above its upper Bollinger Band on August 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

HMY Stock Harmony Gold Mining (HMY, $8.24) price may climb as it broke lower Bollinger Band on Jun 07, 2024

Momentum Indicator for HMY turns positive, indicating new upward trend

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