Is it Time to Dump Harmony Gold Mining Co. (HMY) Stock After it Has Fallen 3.49% in a Week?

Harmony Gold Mining Co. (HMY) stock is lower by 3.49% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Harmony Gold Mining Co. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HMY!

See Full HMY Report

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HMY Stock Today?

Harmony Gold Mining Co. (HMY) stock is trading at $3.32 as of 10:49 AM on Thursday, Aug 18, a rise of $0.02, or 0.45% from the previous closing price of $3.30. The stock has traded between $3.28 and $3.33 so far today. Volume today is less active than usual. So far 492,473 shares have traded compared to average volume of 3,972,965 shares.

More About Harmony Gold Mining Co.

Harmony Gold Mining Co Ltd is a gold mining and exploration company having operations in South Africa and Papua New Guinea (PNG). Its projects include Bambanani, Joel, Masimong, Phakisa, Target 1, Tshepong, Unisel, Doornkop, and Kusasalethu. The group's segments are Tshepong Operations, Bambanani, Joel, Doornkop, Moab Khotsong, Hidden Valley, Target 1, Kusasalethu, Masimong, Unisel, and all other surface operations. Click Here to get the full Stock Report for Harmony Gold Mining Co. stock.