B2gold Corp. Stock Forecast
B2gold Corp. stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
No changes to the price of B2gold Corp. stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $3.51 to a day high of $3.51. The price has fallen in 5 of the last 10 days and is down by -6.28% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $3.41 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect B2gold Corp. stock with a 90% probability to be traded between $3.39 and $4.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0QYN.L Signals & Forecast
There are few to no technical positive signals at the moment. The B2gold Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.55 and $3.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for B2gold Corp. stock
B2gold Corp. finds support from accumulated volume at $3.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.360%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0QYN.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect B2gold Corp. to open at $3.51, and during the day (based on 14 day Average True Range), to move between $3.44 and $3.57, which gives a possible trading interval of +/-$0.0629 (+/-1.79%) up or down from last closing price. If B2gold Corp. takes out the full calculated possible swing range there will be an estimated 3.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.46 (1.28%) than the resistance at $3.59 (2.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is B2gold Corp. stock A Buy?
B2gold Corp. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.537 Sell Candidate Downgraded
Predicted Opening Price for B2gold Corp. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $3.51 ( 0.00000000%) | $3.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0QYN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.51 | 0.00000000% |
| R2 | 3.51 | 0.00000000% |
| R1 | 3.51 | 0.00000000% |
| Price | 3.51 | |
| S1 | 3.51 | 0.00000000% |
| S2 | 3.51 | 0.00000000% |
| S3 | 3.51 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.75 | 6.99% |
| R2 | 3.72 | 6.13% |
| R1 | 3.59 | 2.43% |
| Price | 3.51 | |
| S1 | 3.46 | -1.28% |
| S2 | 3.45 | -1.57% |
| S3 | 3.44 | -1.85% |
0QYN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 24, 2024 | $0.0547 | 1.56% |
| 2 | Mar 06, 2024 | Mar 06, 2024 | Mar 20, 2024 | $0.0541 | 1.58% |
| 3 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.0400 | 0.88% |
| 4 | Sep 20, 2023 | Sep 20, 2023 | Sep 20, 2023 | $0.0537 | 1.23% |
| 5 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.0531 | 1.11% |
FAQ
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