BARRICK MINING CORP (B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:B - CA06849F1080 - Common Stock
We assign a technical rating of 10 out of 10 to B. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, B is showing a nice and steady performance.
Although B has an excellent technical rating, the quality of the presented setup is not ideal 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
17.24
When analyzing the support we can see 4 important areas.
- A support zone ranging from 44.97 to 45.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 43.54 to 44.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.66 from a trend line in the daily time frame.
- Support @17.41 from a horizontal 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 | UP | POSITIVE | The short term trend for B is up. |
| ChartMill Relative Strength | 98.02 | POSITIVE | B has a high relative strength, it outperformed 98.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of B is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of B is above 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) | 69.82 | NEUTRAL | The RSI value for B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests B has a positive trend. |
| Stochastics (14,3) | 90.92 | OVERBOUGHT | The high Stochastics value suggests B may be overbought. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for B suggests some volalility. |
| Average Directional Index/ADX (14) | 29.52 | POSITIVE | The high ADX value value for B suggests a strong trend. |
47.81
+0.37 (+0.78%)
BARRICK MINING CORP / B FAQ
What is the technical rating for B stock?
ChartMill assigns a technical rating of 10 / 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 69.8217. 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 positive.
Can you provide the support and resistance levels for BARRICK MINING CORP?
BARRICK MINING CORP (B) has a support level at 45.81. Check the full technical report for our detailed analysis of B support and resistance levels.