BUENAVENTURA MINING CO. - Daily - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 15.71 USD
My targets
14.31 USD (-3.96%)
12.77 USD (-14.30%)
My analysis
There is a bearish trend on BUENAVENTURA MINING CO. both at the basic level and in the short term. A sale could be considered, so long as the price remains below 15.71 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 14.31 USD. Then the price could move towards 12.77 USD. Then 11.74 USD by extension. Be careful, a return to above the resistance 15.71 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
3.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BUENAVENTURA MINING CO. rating is 14.90 USD. The price has increased by +0.61% since the last closing and was traded between 14.48 USD and 14.99 USD over the period. The price is currently at +2.90% from its lowest and -0.60% from its highest.14.48
14.99
14.90
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BUENAVENTURA MINING CO. chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12.77 | 14.31 | 14.73 | 14.90 | 15.71 | 16.27 | 17.08 |
| Change (%) | -14.30% | -3.96% | -1.14% | - | +5.44% | +9.19% | +14.63% |
| Change | -2.13 | -0.59 | -0.17 | - | +0.81 | +1.37 | +2.18 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.53 | 14.66 | 14.73 | 14.86 | 14.94 | 15.07 | 15.14 |
| Camarilla | 14.75 | 14.77 | 14.79 | 14.81 | 14.83 | 14.85 | 14.87 |
| Woodie | 14.50 | 14.64 | 14.71 | 14.85 | 14.91 | 15.05 | 15.12 |
| Fibonacci | 14.66 | 14.74 | 14.78 | 14.86 | 14.94 | 14.99 | 15.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.73 | 14.22 | 14.47 | 14.96 | 15.21 | 15.70 | 15.95 |
| Camarilla | 14.53 | 14.59 | 14.66 | 14.73 | 14.80 | 14.87 | 14.93 |
| Woodie | 13.62 | 14.16 | 14.36 | 14.90 | 15.10 | 15.64 | 15.84 |
| Fibonacci | 14.22 | 14.50 | 14.67 | 14.96 | 15.24 | 15.41 | 15.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.51 | 14.06 | 14.71 | 15.25 | 15.91 | 16.45 | 17.10 |
| Camarilla | 15.03 | 15.14 | 15.25 | 15.36 | 15.47 | 15.58 | 15.69 |
| Woodie | 13.56 | 14.08 | 14.76 | 15.28 | 15.96 | 16.48 | 17.16 |
| Fibonacci | 14.06 | 14.51 | 14.80 | 15.25 | 15.71 | 15.99 | 16.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.45 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -7.62 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 15.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.37 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 14.05 | |
| Zig ZAG (10): | 14.90 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 25.67 | |
| TEMA (21): | 14.96 | |
| Williams %R (14): | -56.25 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.15 |
| MA7: | 14.97 | |
| MA20: | 14.99 | |
| MA50: | 14.79 | |
| MA100: | 14.96 | |
| MAexp7: | 14.93 | |
| MAexp20: | 14.98 | |
| MAexp50: | 14.95 | |
| MAexp100: | 15.06 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | +0.74% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.53% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -1.06% |
News
Don"t forget to follow the news on BUENAVENTURA MINING CO.. At the time of publication of this analysis, the latest news was as follows:
- Compania de Minas Buenaventura SAA to Host Earnings Call
- Investor Network: Compania de Minas Buenaventura SAA to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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