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Hmy stock price forecast sentiment gauges linked to HMY stock
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Sentiment gauges linked to HMY stock price forecast reveal a moderate bullish skew. Social media mentions of Harmony Gold surged 14% week-on-week, often preceding increased trading volume. If gold has made its "8-year" low, as Kamich postulated last October, then interest rate cuts and investor uncertainty could help gold stocks rally. Technical indicators show that HMY stock eclipsed its 200-day simple moving average (SMA) on Jan. 17, 2025. The stock, for the most part, has traded above its 200-day SMA so far this year. However, Harmony is currently trading below the 50-day SMA. Nevertheless, the 50-day SMA continues to read higher than the 200-day SMA following a golden crossover on Feb. 13, 2025, indicating a bullish trend. HMY stock price forecast gains strength from supply constraints in gold mining. Exploration delays across competitors in West Africa may channel more investment flow towards established producers like Harmony.