BARRICK MINING CORP (B) Stock Technical Analysis
USA - NYSE:B - CA06849F1080 - Common Stock
34.73 USD
+1.4 (+4.2%)
34.7009 USD
-0.03 (-0.08%)
Taking everything into account, B scores 9 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, B did better than 93% of all other stocks.
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 21750900 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 155 other stocks in this industry, B did better than 61% of them.
In the last month B has a been trading in the 32.47 - 36.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, B also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 32.77, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
20.23
36.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.73 to 32.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.31 from a trend line in the daily time frame.
- A support zone ranging from 20.43 to 20.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @35.66 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 B is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for B is up. |
| ChartMill Relative Strength | 93.89 | POSITIVE | B has a high relative strength, it outperformed 93.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of B is above a declining 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) | 60.15 | NEUTRAL | The RSI value for B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests B has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.44 | NEUTRAL | The Stochastics value for B is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for B suggests some volalility. |
| Average Directional Index/ADX (14) | 44.51 | 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)
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 |
|---|---|---|---|
| 35.67 | 32.72 | 2.95 (8.27%) | 12.09% |
| An entry @35.67. This is a Buy Stop order right above the resistance zone. | An exit @32.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.95 points, which is 8.27%. | When investing 12.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
34.73
+1.4 (+4.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg4.2%
1 Week3.92%
2 Weeks2.06%
1 Month-1.78%
3 Month59.75%
6 Month82.31%
12 Month77.1%
2 Year117.33%
3 Year131.07%
5 Year29.93%
10 Year-48.06%
15 Year-63.02%
Volatility
ATR(14)1.31
ATR(20)%3.95%
ATR Inc77.57%
Range Today1.15
ADR(20)1.24
ADR(20)%3.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.89
Mansfield4.85
10 Day High36.4
10 Day Low32.47
20 Day High36.4
20 Day Low32.47
52 Week High36.4
52 Week Low15.11
CS1 End32.77
CR1 Start35.66
Volume & EV
DER(3)0.86%
DER(5)1.63%
Volume15.87M
Volume Incr-28.71%
Vol(5)19.93M
Vol(50)21.75M