B2GOLD CORP (BTG) Stock Technical Analysis
USA - NYSEARCA:BTG - CA11777Q2099 - Common Stock
4.85 USD
-0.08 (-1.62%)
4.8525 USD
+0 (+0.05%)
Overall BTG 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, BTG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that BTG is one of the better performing stocks in the market, outperforming 90% of all stocks.
BTG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BTG has a been trading in the 3.99 - 4.99 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BTG has an average volume of 38462900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BTG is part of the Metals & Mining industry. There are 156 other stocks in this industry, BTG did better than 52% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although BTG has an excellent technical rating, it 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
3.62
4.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.31 to 4.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.78 from a trend line in the weekly time frame.
- Support @3.66 from a trend 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 BTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTG is up. |
| ChartMill Relative Strength | 90.34 | POSITIVE | BTG has a high relative strength, it outperformed 90.34% 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) | 72.13 | OVERBOUGHT | The high RSI value suggests BTG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BTG has a positive trend. |
| Stochastics (14,3) | 92.34 | OVERBOUGHT | The high Stochastics value suggests BTG may be overbought. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for BTG suggests some volalility. |
| Average Directional Index/ADX (14) | 37.32 | POSITIVE | The high ADX value value for BTG 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)
4.85
-0.08 (-1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.62%
1 Week12.01%
2 Weeks11.75%
1 Month19.75%
3 Month37.39%
6 Month68.4%
12 Month51.56%
2 Year67.82%
3 Year50.62%
5 Year-25.61%
10 Year361.91%
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%3.51%
ATR Inc-2.72%
Range Today0.13
ADR(20)0.15
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.34
Mansfield3.74
10 Day High4.99
10 Day Low4.19
20 Day High4.99
20 Day Low3.99
52 Week High4.99
52 Week Low2.2
CS1 End4.35
CR1 StartN/A
Volume & EV
DER(3)3.15%
DER(5)3.16%
Volume48.21M
Volume Incr69.28%
Vol(5)67.22M
Vol(50)38.46M