Technical analysis from Hudbay Minerals Inc (HBM.TO.TO, TSE:HBM.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Hudbay Minerals Inc
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HBM: Aroon oscillator has confirmed a strong downtrend @-88
Aroon Oscillator /
HBM: Aroon oscillator has confirmed a strong downtrend @-88

[BEARISH]: Hudbay Minerals Inc has a current ARU(25) of 8 and a current ARD(25) of 96

[Bear Power]: Prices are being driven below the consensus of value for HBM during the last trading session
Elder Ray Index /
[Bear Power]: Prices are being driven below the consensus of value for HBM during the last trading session

[BEARISH]: Hudbay Minerals Inc Elder Ray Index is signalling a Bearish movementERI is -0.398 indicating bear power. Prices are being driven below the consensus of value for HBM during the last trading session [Selling Pressure]

Commodity Channel Index /
Hudbay Minerals Inc: The CCI oversold signal has been confirmed

[BULLISH]: Hudbay Minerals Inc current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -119. The bullish signal has been active for 4 days. During the quarter, the lowest CCI value was -167.

Range Tod Vs Range Yest /
Hudbay Minerals Inc: Range Performance (-25.0)

[WEAK BEARISH]: Hudbay Minerals Inc buyers are becoming less eager. This is the first day buyers have decreased eagerness for HBM reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.4300 & the greatest daily price range this year has been $4.7500. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.3x.

Closing Price /
Hudbay Minerals Inc: Daily closing price is $8.15 [Bullish]

[BULLISH]: Hudbay Minerals Inc current uptrend in the first timeframe. Currently, the Close is $8.15.

Close Tod Vs Range Tod /
Daily trading for HBM indicated buyers are now in control

[BULLISH]: Hudbay Minerals Inc buyers are in control at the market close. This is the first day of buyer commitment for Hudbay Minerals Inc adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 76 trading days with the closing price in the upper part of the range giving a confirmation ratio of 28.9%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 16 days in the upper price range compared to 22 days in the lower range giving a ratio of 0.7x.

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Triangular Moving Average /
[Bearish]: Trend following indicator for HBM highlights downward price direction is likely

HBM: TMA Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

White Candle /
HBM Basic Candle: White

[BULLISH]: Hudbay Minerals Inc has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

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Stoploss for Hudbay Minerals Inc should be set at $7.94
Woodie Pivot Point /
Stoploss for Hudbay Minerals Inc should be set at $7.94

Hudbay Minerals Inc has broken the first Woodie resistance point ($8.24) [Bullish]. Look for a long limit order entry near this point. Exit price for HBM should be set @$8.3 & Stoploss for Hudbay Minerals Inc should be set at $7.94

Hudbay Minerals Inc opening price of $8.01 (-1.6 %)
Opening Price /
Hudbay Minerals Inc opening price of $8.01 (-1.6 %)

[BULLISH]: Hudbay Minerals Inc opening price has gapped up. Currently, the OPEN is $8.01 (-1.6 %).

High Price /
HBM has achieved a new high of $8.18 (0.5 %)

[BULLISH]: Hudbay Minerals Inc current uptrend in the first timeframe. Currently, the HIGH is 0.5 %.

Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Hudbay Minerals Inc

[BEARISH]: Hudbay Minerals Inc currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 2.4%.

Ease of Movement /
Recent trading was only supported by high volume for Hudbay Minerals Inc

[BULLISH]: Hudbay Minerals Inc current price have moved upwards on high volume. Currently, the Ease of Movement is 0.881

The EMA trend following signal is still current for Hudbay Minerals Inc [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Hudbay Minerals Inc [Bearish]

[BEARISH]: Hudbay Minerals Inc currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 2.4%.

Oversold signal for the Stochastic Oscillator is still current for Hudbay Minerals Inc
Stochastic Oscillator /
Oversold signal for the Stochastic Oscillator is still current for Hudbay Minerals Inc

[BULLISH]: Hudbay Minerals Inc is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Hudbay Minerals Inc indicating downward price movement is likely

HBM: SWMA Recent Trading -> (1) 22 Jun: 8.194 (2) 21 Jun: 8.288 (3) 20 Jun: 8.424

Bollinger Bands /
Hudbay Minerals Inc is no longer oversold [Neutral]

[BEARISH CROSSUNDER]: Hudbay Minerals Incis no longer oversold The current level is 19.77% with a current width of 13.53.

Rate of Change /
Rate of change(14) is decreasing for Hudbay Minerals Inc

[BEARISH]: Hudbay Minerals Inc currently has negative rate of change of -2.512%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

A short term Pivot Reversal has formed with Hudbay Minerals Inc
Pivot Reversal /
A short term Pivot Reversal has formed with Hudbay Minerals Inc

[BULLISH]: A short term Pivot Reversal has formed with Hudbay Minerals Inc which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 15 occurrences of this bar reversal giving a signal probability of 5.7%.

Oversold signal for the William %R is still current for Hudbay Minerals Inc
Williams %R /
Oversold signal for the William %R is still current for Hudbay Minerals Inc

HBM: William %R Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Hudbay Minerals Inc has moved below the 161.8% extension level ($180.63) [Bullish]
Fibonacci Extensions /
Hudbay Minerals Inc has moved below the 161.8% extension level ($180.63) [Bullish]

Hudbay Minerals Inc has moved below the 161.8% level ($180.63) [Bullish]. Look for a long limit order entry near this point. Exit price for HBM should be set @$170.75 & Stoploss for Hudbay Minerals Inc should be set at $190.51

On Balance Volume /
Hudbay Minerals Inc: Confirmation of stock distribution

[BEARISH]: Hudbay Minerals Inc current price has highlighted recent distribution. Currently, the OBV is -9.09409e+006.

Average True Range /
Hudbay Minerals Inc has signalled an ATR trend present [Downtrend]

[Bearish]: Average True Range has confirmed an downtrend is present. Hudbay Minerals Inc has a TR of 0.22, and an ATR(14) of 0.308.

Volume Rate of Change /
Positive VROC confirmation for HBM is a leading indicator for continued price rise

[BULLISH CROSSOVER]: Hudbay Minerals Inc currently has positive volume of change of 9%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2.4%.

Detrended Price Oscillator /
Price is currently below the displaced moving average for HBM [Bearish]

HBM: DPO Recent Trading -> (1) 22 Jun: -0.7815 (2) 21 Jun: -0.976 (3) 20 Jun: -0.7585

Hudbay Minerals Inc currently has negative momentum of -0.23
Momentum /
Hudbay Minerals Inc currently has negative momentum of -0.23

HBM: MOM Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Distribution still active for Hudbay Minerals Inc
Accumulation / Distribution /
Distribution still active for Hudbay Minerals Inc

[BEARISH]: Hudbay Minerals Inc current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -9.68747e+006.

Price Range /
[Bearish]: Range has decreased for HBM during the last trading session

[BEARISH]: Hudbay Minerals Inc current downtrend in the first timeframe. Currently, the Range is $0.18.

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