Barrick Gold Corp (A-0R22.L) Stock Technical Analysis
LON:A-0R22
Taking everything into account, A-0R22 scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, A-0R22 is showing a nice and steady performance.
- In the last month A-0R22 has a been trading in the 850.00 - 1148.00 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Both the short term and long term trends are positive. This is a very positive sign.
- A-0R22 is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so A-0R22 is lagging the market slightly.
- Looking at the yearly performance, A-0R22 did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, A-0R22 also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
841.49
When analyzing the support we notice one important area.
- Support @849.99 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for A-0R22.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for A-0R22.L is up. |
| ChartMill Relative Strength | 99.97 | POSITIVE | A-0R22.L has a high relative strength, it outperformed 99.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of A-0R22.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of A-0R22.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of A-0R22.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.21 | NEUTRAL | The RSI value for A-0R22.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -35.8 | NEGATIVE | The MACD value suggests A-0R22.L has a negative trend. |
| Stochastics (14,3) | 28.19 | NEUTRAL | The Stochastics value for A-0R22.L is a neutral value. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for A-0R22.L suggests high volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 967.75 | 849.99 | 117.76 (12.17%) | 8.22% |
| An entry @967.75. This is a Buy Stop order right above the 10 day moving average. | An exit @849.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 117.76 points, which is 12.17%. | For a 1.00% total portfolio risk, you can invest 8.22% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
LON:A-0R22 (3/8/2019, 7:00:00 PM)
900
-52 (-5.46%)
Barrick Gold Corp / A-0R22.L FAQ
What is the technical rating for A-0R22 stock?
ChartMill assigns a technical rating of 7 / 10 to A-0R22.L.
What is the trend direction for A-0R22 stock?
The current trend direction for Barrick Gold Corp (A-0R22.L) is Bullish.
What is the RSI signal for A-0R22 stock?
Barrick Gold Corp (A-0R22.L) has an RSI value of 50.2053. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Barrick Gold Corp?
The MACD indicator for Barrick Gold Corp (A-0R22.L) has a value of -35.804, indicating a bearish trend.
What is the short term momentum for Barrick Gold Corp (A-0R22.L) stock?
The short term momentum for Barrick Gold Corp (A-0R22.L) is positive.