Harmony Gold Mining Stock Technical Analysis

Overlap Analysis View

Forecast Models View

Price Shifting View

Volatility Indicators View

Value Movement View

A focus of Harmony Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Harmony Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Harmony Gold Mining Technical Analysis

Harmony Gold Mining Trend Analysis

Use this graph to draw trend lines for Harmony Gold Mining. You can use it to identify possible trend reversals for Harmony Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Harmony Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Harmony Gold Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Harmony Gold Mining applied against its price change over selected period. The best fit line has a slop of   0.06  , which means Harmony Gold Mining will continue generating value for investors. It has 122 observation points and a regression sum of squares at 114.96, which is the sum of squared deviations for the predicted Harmony Gold price change compared to its average price change.

Most technical analysis of Harmony help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Harmony from various momentum indicators to cycle indicators. When you analyze Harmony charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harmony Gold Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Harmony Gold Mining information on this page should be used as a complementary analysis to other Harmony Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

When running Harmony Gold's price analysis, check to measure Harmony Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Harmony Gold is operating at the current time. Most of Harmony Gold's value examination focuses on studying past and present price action to predict the probability of Harmony Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Gold's price. Additionally, you may evaluate how the addition of Harmony Gold to your portfolios can decrease your overall portfolio volatility.