BARRICK MINING CORP (B) Stock Technical Analysis
NYSE:B - CA06849F1080 - Common Stock
26.77 USD
+0.49 (+1.86%)
26.64 USD
-0.13 (-0.49%)
Taking everything into account, B scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, B has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by B, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month B has a been trading in the 20.95 - 26.79 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
B has an average volume of 13194300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, B did better than 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
B is part of the Metals & Mining industry. There are 155 other stocks in this industry, B did better than 57% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although B has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
15.96
27.04
When analyzing the support we can see 6 important areas.
- A support zone ranging from 22.17 to 22.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.65 from a trend line in the daily time frame.
- Support @20.73 from a horizontal line in the daily time frame.
- Support @19.52 from a trend line in the weekly time frame.
- Support @17.69 from a horizontal line in the daily time frame.
- Support @16.12 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 | UP | POSITIVE | The short term trend for B is up. |
| ChartMill Relative Strength | 88.51 | POSITIVE | B has a high relative strength, it outperformed 88.51% 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) | 80.91 | OVERBOUGHT | The high RSI value suggests B may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests B has a positive trend. |
| Stochastics (14,3) | 96.16 | OVERBOUGHT | The high Stochastics value suggests B may be overbought. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for B suggests some volalility. |
| Average Directional Index/ADX (14) | 34.08 | POSITIVE | The high ADX value value for B suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
26.77
+0.49 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.86%
1 Week11.68%
2 Weeks13.91%
1 Month24.51%
3 Month39.72%
6 Month50.82%
12 Month32.59%
2 Year65.15%
3 Year80.27%
5 Year-9.71%
10 Year-55.6%
15 Year-71.06%
Volatility
ATR(14)0.71
ATR(20)%2.51%
ATR Inc-25.4%
Range Today0.61
ADR(20)0.6
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.51
Mansfield2.68
10 Day High26.79
10 Day Low23.44
20 Day High26.79
20 Day Low20.95
52 Week High26.79
52 Week Low15.11
CS1 End22.37
CR1 StartN/A
Volume & EV
DER(3)4.05%
DER(5)3.71%
Volume14.33M
Volume Incr39.06%
Vol(5)18.63M
Vol(50)13.19M