HYMC Should I Buy

HYMC is not a good buy right now for a Beginner, long-term investor with $50k–$100k who doesn’t want to wait for a better entry. The stock is extended near resistance after a strong run (RSI ~72) while the business fundamentals remain weak (latest quarter shows $0 revenue and larger losses). This setup is better suited to short-term/speculative traders than a long-term beginner portfolio. My direct call: do not buy now; avoid/exit and reallocate to higher-quality long-term holdings.

Trend/Structure: Bullish trend intact (SMA_5 > SMA_20 > SMA_200), meaning price has been trending upward across short-, mid-, and long-term horizons. Momentum: RSI_6 = 72.25 (overbought/extended). That typically implies upside may be limited near-term and pullback risk is elevated, especially for an impatient entry. MACD: Histogram is positive (1.552) but “positively contracting,” suggesting bullish momentum is fading rather than accelerating. Key levels: Pivot ~44.77. Resistance R1 ~55.11 (price ~53.81 is close to this), then R2 ~61.50. Support S1 ~34.42. With price close to R1 and momentum stretched, risk/reward for a fresh long-term buy is unfavorable right now. Near-term pattern odds provided: Similar-pattern stats imply ~60% chance of a small decline next day (-0.51%) and flat next week (-0.02%), with a modest positive bias over a month (+2.93%). That’s not compelling enough to justify buying into an extended, high-volatility name.