Taking this into account, 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”.
Price Performance Review of HMY
On Monday, Harmony Gold Mining Co Ltd ADR [NYSE:HMY] saw its stock fall -3.22% to $10.52. Over the last five days, the stock has gained 7.68%. Harmony Gold Mining Co Ltd ADR shares have risen nearly 28.14% since the year began. Nevertheless, the stocks have risen 83.60% over the past one year. While a 52-week high of $12.29 was reached on 01/24/25, a 52-week low of $5.41 was recorded on 01/06/25. SMA at 50 days reached $9.08, while 200 days put it at $9.50.
Levels Of Support And Resistance For HMY Stock
The 24-hour chart illustrates a support level at 10.35, which if violated will result in even more drops to 10.18. On the upside, there is a resistance level at 10.72. A further resistance level may holdings at 10.92. The Relative Strength Index (RSI) on the 14-day chart is 68.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.99%. Stochastics %K at 91.27% 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 2024-12-31, growing by 1.02 million shares to a total of 9.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 8.41 million shares. There was a rise of 10.86%, which implies that there is a positive sentiment for the stock.
