HARMONY GOLD MINING CO. - Daily - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 2.15 USD
My targets
2.48 USD (+13.24%)
2.95 USD (+34.70%)
My analysis
HARMONY GOLD MINING CO. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.15 USD. The next resistance located at 2.48 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.95 USD. After this resistance, buyers could then target 3.42 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HARMONY GOLD MINING CO. rating is 2.19 USD. The price is lower by -2.23% since the last closing and was traded between 2.09 USD and 2.31 USD over the period. The price is currently at +4.78% from its lowest and -5.19% from its highest.2.09
2.31
2.19
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this Daily chart of HARMONY GOLD MINING CO. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.69 | 1.92 | 2.15 | 2.19 | 2.48 | 2.95 | 3.42 |
Change (%) | -22.83% | -12.33% | -1.83% | - | +13.24% | +34.70% | +56.16% |
Change | -0.50 | -0.27 | -0.04 | - | +0.29 | +0.76 | +1.23 |
Level | Minor | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 2.09 | 2.13 | 2.18 | 2.22 | 2.27 | 2.31 | 2.36 |
Camarilla | 2.22 | 2.22 | 2.23 | 2.24 | 2.25 | 2.26 | 2.26 |
Woodie | 2.11 | 2.13 | 2.19 | 2.22 | 2.29 | 2.31 | 2.38 |
Fibonacci | 2.13 | 2.16 | 2.18 | 2.22 | 2.25 | 2.27 | 2.31 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.70 | 1.80 | 1.99 | 2.09 | 2.28 | 2.38 | 2.57 |
Camarilla | 2.09 | 2.12 | 2.14 | 2.17 | 2.20 | 2.22 | 2.25 |
Woodie | 1.74 | 1.82 | 2.03 | 2.11 | 2.32 | 2.40 | 2.61 |
Fibonacci | 1.80 | 1.91 | 1.98 | 2.09 | 2.20 | 2.27 | 2.38 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 70.33 | |
MACD (12,26,9): | 0.1100 | |
Directional Movement: | 19.72 | |
AROON (14): | 71.43 | |
DEMA (21): | 2.10 | |
Parabolic SAR (0,02-0,02-0,2): | 2.02 | |
Elder Ray (13): | 0.16 | |
Super Trend (3,10): | 1.91 | |
Zig ZAG (10): | 2.19 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 89.36 | |
TEMA (21): | 2.20 | |
Williams %R (14): | -22.64 | |
Chande Momentum Oscillator (20): | 0.30 | |
Repulse (5,40,3): | 2.3000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.6500 | |
Courbe Coppock: | 34.62 |
MA7: | 2.10 | |
MA20: | 1.93 | |
MA50: | 1.80 | |
MA100: | 1.90 | |
MAexp7: | 2.12 | |
MAexp20: | 1.97 | |
MAexp50: | 1.88 | |
MAexp100: | 1.86 | |
Price / MA7: | +4.29% | |
Price / MA20: | +13.47% | |
Price / MA50: | +21.67% | |
Price / MA100: | +15.26% | |
Price / MAexp7: | +3.30% | |
Price / MAexp20: | +11.17% | |
Price / MAexp50: | +16.49% | |
Price / MAexp100: | +17.74% |
News
The last news published on HARMONY GOLD MINING CO. at the time of the generation of this analysis was as follows:
- New Research Coverage Highlights Universal Insurance Holdings, Harmony Gold Mining Company, Schweitzer-Mauduit International, U.S. Concrete, IPG Photonics, and Grupo Financiero Galicia S.A — Consolidated Revenues, Company Growth, and Expectations for 2018
- Harmony Gold Mining Company Limited - HMY Stock Chart Technical Analysis for 03-26-18
- Harmony Gold Mining Company Limited - HMY Stock Chart Technical Analysis for 02-14-18
- Harmony Gold Mining Co. Ltd. Sponsored ADR to Host Earnings Call
- Harmony Gold Mining Company Ltd (JSE:HAR) Calgary Man to Sell the Only Solid Gold Replicas of Nelson Mandela's Hands Cast During His Lifetime
This member declared not having a position on this financial instrument or a related financial instrument.
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