BARRICK MINING CORP (B) Technical Analysis
NYSE:B • CA06849F1080
Current stock price
B Technical Rating and Analysis
Overall B gets a technical rating of 7 out of 10. B was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, B did better than 88% of all other stocks. We also observe that the gains produced by B over the past year are nicely spread over this period.
- In the last month B has a been trading in the 36.49 - 44.11 range, which is quite wide. It is currently trading near the high of this range.
- B has an average volume of 14322800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- B is part of the Metals & Mining industry. There are 160 other stocks in this industry, B did better than 58% of them.
- B is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so B is lagging the market.
- Considerably lower volume is observed in the last couple of days.
B Weekly and Daily overview Charts
B Setup Rating and Analysis
Besides having an excellent technical rating, B also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 43.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.15, a Stop Loss order could be placed below this zone.
More info and screens
B Support and Resistance Analysis
36.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 42.66 to 43.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.90 to 39.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 37.13 to 37.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 43.56 to 44.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.11 from a trend line in the daily time frame.
B Technical Indicator Signal Analysis
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 | 88.92 | POSITIVE | B has a high relative strength, it outperformed 88.92% 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) | DOWN | NEGATIVE | The current price of B is below a declining 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) | 53.42 | NEUTRAL | The RSI value for B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests B has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.27 | OVERBOUGHT | The high Stochastics value suggests B may be overbought. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for B suggests some volalility. |
| Average Directional Index/ADX (14) | 25 | NEUTRAL | The ADX value for B suggests a possible start of a new trend. |
B Chart- and CandleStick Pattern Analysis
B Example Setup
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 |
|---|---|---|---|
| 44.12 | 42.65 | 1.47 (3.33%) | 25.00% |
| An entry @44.12. This is a Buy Stop order right above the resistance zone. | An exit @42.65. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.47 points, which is 3.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The distance between exit and entry is rather small compared to the average daily movement of B. 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.
B Technicals: Chart, Performance Metrics, Trend & Indicators
43.3
+0.9 (+2.12%)
BARRICK MINING CORP / B TA FAQ
What is the technical rating for B stock?
ChartMill assigns a technical rating of 7 / 10 to B.
What is the current trend direction of BARRICK MINING CORP (B) stock?
The current trend direction for BARRICK MINING CORP (B) is Bullish.
What is the RSI signal for BARRICK MINING CORP (B) stock?
BARRICK MINING CORP (B) has an RSI value of 53.4217. This indicates that the stock is currently neutral.
What is the MACD signal for B stock?
The MACD indicator for BARRICK MINING CORP (B) has a value of 0.500191, indicating a bearish trend.
What is the short term momentum for BARRICK MINING CORP (B) stock?
The short term momentum for BARRICK MINING CORP (B) is neutral.