BARRICK GOLD CORP (ABX) Stock Technical Analysis
USA - NYSE:ABX - CA0679011084
Overall ABX gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ABX is showing a nice and steady performance.
Besides having an excellent technical rating, ABX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.49, a Stop Loss order could be placed below this zone.
More info and screens
12.30
3 important support areas can be observed.
- A support zone ranging from 13.41 to 13.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.74 to 13.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.56 to 13.69. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @14.12 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 ABX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ABX is neutral. |
| ChartMill Relative Strength | 85.91 | POSITIVE | ABX has a high relative strength, it outperformed 85.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ABX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ABX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ABX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for ABX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ABX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.75 | NEUTRAL | The Stochastics value for ABX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for ABX suggests some 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 |
|---|---|---|---|
| 13.70 | 13.40 | 0.30 (2.19%) | 25.00% |
| An entry @13.70. This is a Buy Stop order right above the resistance zone. | An exit @13.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 2.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of ABX. Please evaluate whether better entry and exit points can be found.
- 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.
13.54
+0.42 (+3.2%)
BARRICK GOLD CORP / ABX FAQ
Can you provide the ChartMill technical rating for BARRICK GOLD CORP?
ChartMill assigns a technical rating of 7 / 10 to ABX.
What is the current trend direction of BARRICK GOLD CORP (ABX) stock?
The current trend direction for BARRICK GOLD CORP (ABX) is Bullish.
What is the RSI signal for BARRICK GOLD CORP (ABX) stock?
BARRICK GOLD CORP (ABX) has an RSI value of 52.4808. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for BARRICK GOLD CORP?
BARRICK GOLD CORP (ABX) has a support level at 13.49 and a resistance level at 13.56. Check the full technical report for our detailed analysis of ABX support and resistance levels.