HARMONY GOLD MINING CO. - Daily - Technical analysis published on 01/02/2020 (GMT)
- 357
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 3.50 USD
My targets
3.84 USD (+5.79%)
4.17 USD (+14.88%)
My analysis
The bullish trend is currently very strong on HARMONY GOLD MINING CO.. As long as the price remains above the support at 3.50 USD, you could try to benefit from the boom. The first bullish objective is located at 3.84 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.17 USD as an objective. Crossing it would then enable buyers to target 4.81 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8
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
HARMONY GOLD MINING CO. rating 3.63 USD. The price registered an increase of +0.00% on the session and was traded between 3.60 USD and 3.72 USD over the period. The price is currently at +0.83% from its lowest and -2.42% from its highest.3.60
3.72
3.63
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by HARMONY GOLD MINING CO.:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this HARMONY GOLD MINING CO. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 2.84 | 3.27 | 3.50 | 3.63 | 3.84 | 4.17 | 4.81 |
| Change (%) | -21.76% | -9.92% | -3.58% | - | +5.79% | +14.88% | +32.51% |
| Change | -0.79 | -0.36 | -0.13 | - | +0.21 | +0.54 | +1.18 |
| Level | Major | Major | Major | - | Major | Minor | Intermediate |
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 | 3.43 | 3.47 | 3.55 | 3.59 | 3.67 | 3.71 | 3.79 |
| Camarilla | 3.60 | 3.61 | 3.62 | 3.63 | 3.64 | 3.65 | 3.66 |
| Woodie | 3.45 | 3.48 | 3.57 | 3.60 | 3.69 | 3.72 | 3.81 |
| Fibonacci | 3.47 | 3.52 | 3.54 | 3.59 | 3.64 | 3.66 | 3.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.66 | 2.87 | 3.22 | 3.42 | 3.77 | 3.98 | 4.33 |
| Camarilla | 3.42 | 3.47 | 3.52 | 3.57 | 3.62 | 3.67 | 3.72 |
| Woodie | 2.74 | 2.90 | 3.29 | 3.46 | 3.85 | 4.01 | 4.40 |
| Fibonacci | 2.87 | 3.08 | 3.21 | 3.42 | 3.63 | 3.77 | 3.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.42 | 2.71 | 2.92 | 3.21 | 3.42 | 3.71 | 3.92 |
| Camarilla | 3.00 | 3.04 | 3.09 | 3.14 | 3.18 | 3.23 | 3.27 |
| Woodie | 2.39 | 2.69 | 2.89 | 3.19 | 3.39 | 3.69 | 3.89 |
| Fibonacci | 2.71 | 2.90 | 3.02 | 3.21 | 3.40 | 3.52 | 3.71 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.84 | |
| MACD (12,26,9): | 0.1000 | |
| Directional Movement: | 24.20 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 3.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.14 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 3.23 | |
| Zig ZAG (10): | 3.63 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 92.35 | |
| TEMA (21): | 3.53 | |
| Williams %R (14): | -13.85 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | 3.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 20.33 |
| MA7: | 3.46 | |
| MA20: | 3.28 | |
| MA50: | 3.25 | |
| MA100: | 3.23 | |
| MAexp7: | 3.50 | |
| MAexp20: | 3.34 | |
| MAexp50: | 3.25 | |
| MAexp100: | 3.09 | |
| Price / MA7: | +4.91% | |
| Price / MA20: | +10.67% | |
| Price / MA50: | +11.69% | |
| Price / MA100: | +12.38% | |
| Price / MAexp7: | +3.71% | |
| Price / MAexp20: | +8.68% | |
| Price / MAexp50: | +11.69% | |
| Price / MAexp100: | +17.48% |
News
Don"t forget to follow the news on HARMONY GOLD MINING CO.. At the time of publication of this analysis, the latest news 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis HARMONY GOLD MINING CO. - Daily