Barrick Gold Corporation Stock Forecast
Red day on Friday for Barrick Gold Corporation stock after losing 0.187%
(Updated on Jun 14, 2024)
The Barrick Gold Corporation stock price fell by -0.187% on the last day (Friday, 14th Jun 2024) from 14.95€ to 14.92€. During the last trading day the stock fluctuated 2.02% from a day low at 14.92€ to a day high of 15.22€. The price has been going up and down for this period, and there has been a -4.78% loss for the last 2 weeks. Volume has increased on the last day by 67 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 109 thousand shares were bought and sold for approximately 1.63€ million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 14.46€ 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 2.37% during the next 3 months and, with a 90% probability hold a price between 14.80€ and 17.98€ at the end of this 3-month period.
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ABR.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Barrick Gold Corporation 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 15.15€ and 15.69€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -13.61%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Barrick Gold Corporation stock
Barrick Gold Corporation finds support from accumulated volume at 14.60€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 0.302€ between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ABR.DE) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Barrick Gold Corporation to open at 15.02€, and during the day (based on 14 day Average True Range), to move between 14.54€ and 15.31€, which gives a possible trading interval of +/-0.388€ (+/-2.60%) up or down from last closing price. If Barrick Gold Corporation takes out the full calculated possible swing range there will be an estimated 5.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 14.60€ (2.20%) than the resistance at 15.42€ (3.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Barrick Gold Corporation stock A Buy?
The Barrick Gold Corporation stock holds several negative signals and despite the positive trend, we believe Barrick Gold Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.664 Sell Candidate Unchanged
Predicted Opening Price for Barrick Gold Corporation of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 15.02€ ( 0.639%) | 14.92€ |
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 | |
|---|---|---|
| R3 | 15.32 | 2.66% |
| R2 | 15.21 | 1.89% |
| R1 | 15.13 | 1.41% |
| Price | 14.92 | |
| S1 | 14.90 | -0.134% |
| S2 | 14.83 | -0.612% |
| S3 | 14.72 | -1.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.68 | 11.74% |
| R2 | 15.67 | 5.00% |
| R1 | 15.42 | 3.32% |
| Price | 14.92 | |
| S1 | 14.60 | -2.20% |
| S2 | 14.51 | -2.81% |
| S3 | 14.46 | -3.11% |
ABR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | 0.0922€ | 0.618% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | 0.100€ | 0.758% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | 0.0912€ | 0.565% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Sep 15, 2023 | 0.0915€ | 0.588% |
| 5 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 0.100€ | 0.637% |
FAQ
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