BARRICK MINING CORP (B) Stock Technical Analysis
NYSE:B - New York Stock Exchange, Inc. - CA06849F1080 - Common Stock - Currency: USD
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!
When comparing the yearly performance of all stocks, we notice that B is one of the better performing stocks in the market, outperforming 73% of all 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
B has an average volume of 18035300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
B is an average performer in the Metals & Mining industry, it outperforms 46% of 154 stocks in the same industry.
Besides having an excellent technical rating, B also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for B in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.82
21.81
We found 4 important support areas.
- A support zone ranging from 20.46 to 20.68. 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 18.39 to 18.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.67 to 17.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.59 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 73.68 | POSITIVE | B has a high relative strength, it outperformed 73.68% 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) | 55.34 | NEUTRAL | The RSI value for B is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests B has a negative trend. |
| Stochastics (14,3) | 53.75 | NEUTRAL | The Stochastics value for B is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for B suggests some volalility. |
| Average Directional Index/ADX (14) | 24.76 | NEUTRAL | The ADX value for B suggests a possible start of a new 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)
20.82
+0.36 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.76%
1 Week-1.7%
2 Weeks-3.57%
1 Month8.66%
3 Month17.83%
6 Month31.44%
12 Month19.38%
2 Year22.98%
3 Year17.69%
5 Year-22.72%
10 Year-68.9%
15 Year-78.03%
Volatility
ATR(14)0.54
ATR(20)%2.7%
ATR Inc24.13%
Range Today0.44
ADR(20)0.5
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.68
Mansfield0.41
10 Day High21.7
10 Day Low20.35
20 Day High21.7
20 Day Low19.43
52 Week High21.7
52 Week Low15.11
CS1 End18.51
CR1 Start21.59
Volume & EV
DER(3)3.12%
DER(5)0.34%
Volume8.10M
Volume Incr-28.53%
Vol(5)12.11M
Vol(50)18.04M