Technical Analysis for HZM - Horizonte Minerals Plc

Grade Last Price % Change Price Change
A 155.00 2.65% 4.00
HZM closed up 2.65 percent on Friday, February 3, 2023, on 2.66 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Horizonte Minerals Plc Description

Horizonte Minerals PLC is a United Kingdom-based nickel development company. The Company owns the advanced Araguaia nickel laterite project located to the south of the Carajas mineral district of northern Brazil. The Araguaia project area consists of approximately 20 exploration licenses totaling approximately 110,170 hectares. The Company has completed diamond drilling of approximately 45,420 meters. Its fourth phase program was designed to complete infill drilling on the grids on the Pequizeiro and Jacutinga deposits of the Araguaia nickel project. Its metallurgical test program includes a series of laboratory tests designed to establish the suitability of the ore for rotary kiln processing; smelting testing; work on agglomeration, and testing for rotary kiln operation and smelting conditions, including a range of physical and chemical laboratory tests. It has started an integrated pilot plant-testing program at Morro Azul RKEF pilot plant test work facility in Minas Gerais, Brazil.


Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Metal Chemistry Mineral Physical Sciences Chemical Minerals Natural Sciences Suit Nickel Testing Diamond Drill Drilling Smelting Minas Gerais

Is HZM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 155.7
52 Week Low 5.8
Average Volume 249,971
200-Day Moving Average 99.23
50-Day Moving Average 134.98
20-Day Moving Average 137.63
10-Day Moving Average 139.75
Average True Range 4.69
RSI 78.17
ADX 35.88
+DI 37.07
-DI 8.53
Chandelier Exit (Long, 3 ATRs) 141.63
Chandelier Exit (Short, 3 ATRs) 144.67
Upper Bollinger Bands 150.67
Lower Bollinger Band 124.58
Percent B (%b) 1.17
BandWidth 18.96
MACD Line 3.64
MACD Signal Line 1.86
MACD Histogram 1.777
Fundamentals Value
Market Cap 2.25 Billion
Num Shares 1.45 Billion
EPS -0.10
Price-to-Earnings (P/E) Ratio -1550.00
Price-to-Sales 0.00
Price-to-Book 5.69
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 166.55
Resistance 3 (R3) 165.50 160.60 164.63
Resistance 2 (R2) 160.60 157.66 161.13 163.98
Resistance 1 (R1) 157.80 155.84 159.20 158.85 163.34
Pivot Point 152.90 152.90 153.60 153.43 152.90
Support 1 (S1) 150.10 149.96 151.50 151.15 146.66
Support 2 (S2) 145.20 148.14 145.73 146.02
Support 3 (S3) 142.40 145.20 145.38
Support 4 (S4) 143.45