B2GOLD CORP (BTG) Stock Technical Analysis
NYSEARCA:BTG - NYSE Arca - CA11777Q2099 - Common Stock - Currency: USD
Overall BTG gets a technical rating of 9 out of 10. Both in the recent history as in the last year, BTG 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!
BTG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so BTG is performing more or less in line with the market.
In the last month BTG has a been trading in the 2.86 - 3.48 range, which is quite wide. It is currently trading near the high of this range.
BTG has an average volume of 50039800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that BTG is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BTG is an average performer in the Metals & Mining industry, it outperforms 65% of 153 stocks in the same industry.
Although BTG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.57
3.51
When analyzing the support we can see 6 important areas.
- A support zone ranging from 3.06 to 3.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.01 from a trend line in the daily time frame.
- A support zone ranging from 2.89 to 2.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.84 from a trend line in the weekly time frame.
- Support @2.66 from a horizontal line in the daily time frame.
- Support @2.60 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.41 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.47 to 3.48. 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 BTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTG is up. |
| ChartMill Relative Strength | 89.84 | POSITIVE | BTG has a high relative strength, it outperformed 89.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.93 | NEUTRAL | The RSI value for BTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.78 | OVERBOUGHT | The high Stochastics value suggests BTG may be overbought. |
| Average True Range in percent/ATR (20) | 3.65 | MEDIUM VOLATILITY | The ATR as a percentage value for BTG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.25 | NEGATIVE | The low ADX value for BTG suggests a weak or negative 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 |
|---|---|---|---|
| 3.42 | 2.86 | 0.56 (16.37%) | 6.11% |
| An entry @3.42. This is a Buy Stop order right above the resistance zone. | An exit @2.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.56 points, which is 16.37%. | When investing 6.11% 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.
3.37
-0.03 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.88%
1 Week2.12%
2 Weeks14.63%
1 Month12.71%
3 Month26.69%
6 Month17.01%
12 Month20.36%
2 Year-8.42%
3 Year-14.68%
5 Year-38.5%
10 Year98.24%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%3.65%
ATR Inc-31.62%
Range Today0.09
ADR(20)0.11
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.84
Mansfield1.36
10 Day High3.48
10 Day Low2.87
20 Day High3.48
20 Day Low2.86
52 Week High3.51
52 Week Low2.2
CS1 End3.14
CR1 Start3.41
Volume & EV
DER(3)9.13%
DER(5)8.59%
Volume41.74M
Volume Incr-10.33%
Vol(5)43.43M
Vol(50)50.04M