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Understanding the Risks of Investing in Harmony Gold Mining Co Ltd ADR (HMY)

Following these proceedings, A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early October from “an Underweight” to “a Neutral”. HSBC Securities also remained covering HMY and has decreased its forecast on April 19, 2024 with a “Reduce” recommendation from previously “Hold” rating. JP Morgan revised its rating on December 12, 2023. It rated HMY as “an Underweight” which previously was an “a Neutral”.

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Price Performance Review of HMY

On Tuesday, Harmony Gold Mining Co Ltd ADR [NYSE:HMY] saw its stock jump 1.58% to $12.23. Over the last five days, the stock has gained 21.81%. Harmony Gold Mining Co Ltd ADR shares have risen nearly 98.86% since the year began. Nevertheless, the stocks have risen 148.58% over the past one year. While a 52-week high of $12.22 was reached on 10/22/24, a 52-week low of $4.42 was recorded on 01/17/24. SMA at 50 days reached $10.17, while 200 days put it at $8.61.

Levels Of Support And Resistance For HMY Stock

The 24-hour chart illustrates a support level at 12.07, which if violated will result in even more drops to 11.91. On the upside, there is a resistance level at 12.34. A further resistance level may holdings at 12.45. The Relative Strength Index (RSI) on the 14-day chart is 71.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.89%. Stochastics %K at 96.70% indicates the stock is a selling.

How much short interest is there in Harmony Gold Mining Co Ltd ADR?

A steep rise in short interest was recorded in Harmony Gold Mining Co Ltd ADR stocks on 2024-09-30, growing by 0.36 million shares to a total of 9.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.13 million shares. There was a rise of 3.78%, which implies that there is a positive sentiment for the stock.

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