BARRICK MINING CORP (B) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:B • CA06849F1080
Taking everything into account, B scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month B has a been trading in the 43.75 - 54.69 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, B did better than 97% of all other stocks. On top of that, B also shows a nice and consistent pattern of rising prices.
- B is one of the better performing stocks in the Metals & Mining industry, it outperforms 72% of 157 stocks in the same industry.
- B 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 B is lagging the market slightly.
- B has an average volume of 15272600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although B has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.46 to 43.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.46 from a trend line in the daily time frame.
- Support @36.76 from a trend line in the daily time frame.
- Support @22.12 from a trend line in the weekly 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 B is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for B is neutral. |
| ChartMill Relative Strength | 97.42 | POSITIVE | B has a high relative strength, it outperformed 97.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of B is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of B is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of B is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.05 | NEUTRAL | The RSI value for B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.91 | NEGATIVE | The MACD value suggests B has a negative trend. |
| Stochastics (14,3) | 17.1 | OVERSOLD | The low Stochastics value suggests B may be oversold. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for B suggests high volalility. |
| Average Directional Index/ADX (14) | 26 | POSITIVE | The high ADX value value for B suggests a strong trend. |
43.97
-3.39 (-7.16%)
BARRICK MINING CORP / B FAQ
What is the technical rating for B stock?
ChartMill assigns a technical rating of 9 / 10 to B.
Can you provide the trend direction for BARRICK MINING CORP?
The current trend direction for BARRICK MINING CORP (B) is Bullish.
What is the RSI signal for B stock?
BARRICK MINING CORP (B) has an RSI value of 39.045. This indicates that the stock is currently neutral.
What is the short term momentum for B stock?
The short term momentum for BARRICK MINING CORP (B) is neutral.
Can you provide the support and resistance levels for BARRICK MINING CORP?
BARRICK MINING CORP (B) has a support level at 43.96. Check the full technical report for our detailed analysis of B support and resistance levels.