Barrick Gold Corporation Stock Forecast
Barrick Gold Corporation stock price ended at 16.15€ on Thursday, after gaining 0.0868%.
(Updated on May 16, 2024)
The Barrick Gold Corporation stock price gained 0.0868% on the last trading day (Thursday, 16th May 2024), rising from 16.13€ to 16.15€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.34% from a day low at 15.93€ to a day high of 16.15€. The price has risen in 7 of the last 10 days and is up by 4.84% over the past 2 weeks. Volume fell on the last day by -128 thousand shares and in total, 53 thousand shares were bought and sold for approximately 858.35€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 15.64€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.83% during the next 3 months and, with a 90% probability hold a price between 18.43€ and 21.61€ at the end of this 3-month period.
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ABR.DE Signals & Forecast
The Barrick Gold Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 15.85€ and 15.83€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -6.54%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Barrick Gold Corporation stock
Barrick Gold Corporation finds support from accumulated volume at 15.67€ 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 0.214€ between high and low, or 1.34%. For the last week the stock has had daily average volatility of 1.85%
Our recommended stop-loss: 15.54€ (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (ABR.DE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Barrick Gold Corporation to open at 16.07€, and during the day (based on 14 day Average True Range), to move between 15.74€ and 16.55€, which gives a possible trading interval of +/-0.407€ (+/-2.52%) up or down from last closing price. If Barrick Gold Corporation takes out the full calculated possible swing range there will be an estimated 5.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 16.30€ (0.97%) than the support at 15.67€ (2.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Barrick Gold Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Barrick Gold Corporation stock to perform well in the short-term.
Current score: 1.469 Buy Candidate Unchanged
Predicted Opening Price for Barrick Gold Corporation of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 16.07€ ( 0.442%) | 16.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABR.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.29 | 0.88 % | |
| R2 | 16.21 | 0.377 % | ||
| R1 | 16.16 | 0.0645 % | ||
| Current price: | 16.15 | |||
| Support | S1 | 15.99 | -0.95 % | |
| S2 | 15.94 | -1.26 % | ||
| S3 | 15.86 | -1.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.28 | 7.00 % | |
| R2 | 16.68 | 3.28 % | ||
| R1 | 16.30 | 0.97 % | ||
| Current price | 16.15 | |||
| Support | S1 | 15.67 | -2.95% | |
| S2 | 15.42 | -4.50% | ||
| S3 | 14.45 | -10.50% |
ABR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | 0€ | 0% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | 0€ | 0% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | 0€ | 0% |
| 4 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 0.100€ | 0.639% |
| 5 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | 0.100€ | 0.663% |
FAQ
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