B2GOLD CORP (BTG) Technical Analysis
NYSEARCA:BTG • CA11777Q2099
Current stock price
BTG Technical Rating and Analysis
Taking everything into account, BTG scores 5 out of 10 in our technical rating. Although BTG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- BTG is part of the Metals & Mining industry. There are 163 other stocks in this industry, of which 60% are performing better than BTG.
- In the last month BTG has a been trading in the 4.33 - 5.12 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, BTG did better than 77% of all other stocks. We also observe that the gains produced by BTG over the past year are nicely spread over this period.
- BTG has an average volume of 32985000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- BTG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTG is lagging the market.
BTG Weekly and Daily overview Charts
BTG Setup Rating and Analysis
BTG has an average technical rating and it also does not offer a high quality setup 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
BTG Support and Resistance Analysis
3.72
3 important support areas can be observed.
- A support zone ranging from 4.02 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.91 to 3.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.76 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.80 to 4.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.97 to 5.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
BTG 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 | NEUTRAL | NEUTRAL | The long term trend for BTG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BTG is neutral. |
| ChartMill Relative Strength | 77.12 | POSITIVE | BTG has a high relative strength, it outperformed 77.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BTG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.52 | NEUTRAL | The RSI value for BTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTG has a negative trend. |
| Stochastics (14,3) | 29.71 | NEUTRAL | The Stochastics value for BTG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.21 | HIGH VOLATILITY | The high ATR as a percentage value for BTG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.51 | NEGATIVE | The low ADX value for BTG suggests a weak or negative trend. |
BTG Chart- and CandleStick Pattern Analysis
BTG Technicals: Chart, Performance Metrics, Trend & Indicators
4.39
-0.15 (-3.3%)
B2GOLD CORP / BTG TA FAQ
What is the ChartMill technical rating of B2GOLD CORP (BTG) stock?
ChartMill assigns a technical rating of 5 / 10 to BTG.
Can you provide the trend direction for B2GOLD CORP?
The current trend direction for B2GOLD CORP (BTG) is Bearish.
What is the RSI signal for BTG stock?
B2GOLD CORP (BTG) has an RSI value of 38.5179. This indicates that the stock is currently neutral.
What is the MACD signal for B2GOLD CORP (BTG) stock?
The MACD indicator for B2GOLD CORP (BTG) has a value of -0.0256457, indicating a bearish trend.
What is the short term momentum for BTG stock?
The short term momentum for B2GOLD CORP (BTG) is neutral.