As this happened, 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 0.87% to $9.29. Over the last five days, the stock has gained 1.20%. Harmony Gold Mining Co Ltd ADR shares have risen nearly 51.06% since the year began. Nevertheless, the stocks have risen 56.93% over the past one year. While a 52-week high of $12.29 was reached on 10/22/24, a 52-week low of $5.40 was recorded on 01/17/24. SMA at 50 days reached $10.03, while 200 days put it at $9.29.
Levels Of Support And Resistance For HMY Stock
The 24-hour chart illustrates a support level at 9.18, which if violated will result in even more drops to 9.08. On the upside, there is a resistance level at 9.43. A further resistance level may holdings at 9.56. The Relative Strength Index (RSI) on the 14-day chart is 47.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.76%. Stochastics %K at 31.82% indicates the stock is a holding.
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 2024-11-29, growing by 1.58 million shares to a total of 8.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.83 million shares. There was a rise of 18.74%, which implies that there is a positive sentiment for the stock.
