BARRICK MINING CORP (B) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:B - CA06849F1080 - Common Stock
Overall B gets a technical rating of 10 out of 10. 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.
B has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
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20.89
4 important support areas can be observed.
- Support @39.61 from a trend line in the daily time frame.
- Support @35.99 from a horizontal line in the daily time frame.
- A support zone ranging from 34.59 to 35.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.10 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 | 96.7 | POSITIVE | B has a high relative strength, it outperformed 96.7% 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) | 65.44 | NEUTRAL | The RSI value for B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests B has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.26 | NEUTRAL | The Stochastics value for B is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for B suggests some volalility. |
| Average Directional Index/ADX (14) | 29.07 | POSITIVE | The high ADX value value for B suggests a strong trend. |
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 |
|---|---|---|---|
| 43.09 | 39.60 | 3.49 (8.10%) | 12.35% |
| An entry @43.09. This is a Buy Stop order right above the 10 day high. | An exit @39.60. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.49 points, which is 8.10%. | When investing 12.35% 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.
41.04
+0.13 (+0.32%)
BARRICK MINING CORP / B FAQ
What is the technical rating for B stock?
ChartMill assigns a technical rating of 10 / 10 to B.
What is the trend direction for B stock?
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 65.4437. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BARRICK MINING CORP?
The MACD indicator for BARRICK MINING CORP (B) has a value of 0.157636, indicating a bearish trend.
Can you provide the buy/sell signal for BARRICK MINING CORP?
The buy/sell signal for BARRICK MINING CORP (B) is buy as both the short term and long term trends are positive.