Sibanye Stillwater Ltd (SBSW): Price Now Near $15.99; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for SBSW

Currently, SBSW (Get Ratings)’s price is down $-0.03 (-0.19%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as SBSW has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Precious Metals stocks, SBSW ranks 5th in regards to today’s price percentage change.

SBSW’s Technical Outlook on the Daily Chart

At the moment, SBSW’s price is up $0.27 (1.75%) from the day prior. The daily chart shows that SBSW has seen 2 straight up days. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows SBSW’s price action over the past 90 days.



SBSW: Daily RSI Analysis

  • SBSW’s RSI now stands at 46.7422.
  • SBSW and RSI both have consistent trends, as they are both heading down.

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