BARRICK MINING CORP (ABX.CA) Stock Technical Analysis
TSX:ABX - Toronto Stock Exchange - CA06849F1080 - Common Stock - Currency: CAD
Taking everything into account, ABX scores 8 out of 10 in our technical rating. Although ABX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, ABX also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.28. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ABX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
21.79
We found 3 important support areas.
- A support zone ranging from 24.63 to 25.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.78 from a trend line in the weekly time frame.
- Support @22.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.69 to 29.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ABX.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ABX.CA is up. |
| ChartMill Relative Strength | 66.9 | NEUTRAL | ABX.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.79 | NEUTRAL | The RSI value for ABX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests ABX.CA has a negative trend. |
| Stochastics (14,3) | 51.35 | NEUTRAL | The Stochastics value for ABX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ABX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.55 | NEUTRAL | The ADX value for ABX.CA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 29.33 | 27.88 | 1.45 (4.94%) | 20.23% |
| An entry @29.33. This is a Buy Stop order right above the resistance zone. | An exit @27.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.45 points, which is 4.94%. | For a 1.00% total portfolio risk, you can invest 20.23% 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.
TSX:ABX (6/30/2025, 7:00:00 PM)
28.35
+0.32 (+1.14%)