RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ABX.TO
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Green day on Wednesday for Barrick Gold Corporation stock after gaining 4.22%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 8.49% PDF

The Barrick Gold Corporation stock price gained 4.22% on the last trading day (Wednesday, 27th Mar 2024), rising from $21.10 to $21.99. During the last trading day the stock fluctuated 3.58% from a day low at $21.23 to a day high of $21.99. The price has been going up and down for this period, and there has been a 2.09% gain for the last 2 weeks. Volume fell on the last day by -115 thousand shares and in total, 3 million shares were bought and sold for approximately $56.59 million. 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.

Given the current short-term trend, the stock is expected to fall -9.53% during the next 3 months and, with a 90% probability hold a price between $16.25 and $19.89 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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ABX.TO 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 $21.23 and $20.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 15.49%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Barrick Gold Corporation stock

Barrick Gold Corporation finds support from accumulated volume at $21.36 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 $0.760 between high and low, or 3.58%. For the last week, the stock has had daily average volatility of 2.46%.

Our recommended stop-loss: $21.26 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (ABX.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Barrick Gold Corporation to open at $21.74, and during the day (based on 14 day Average True Range), to move between $21.48 and $22.50, which gives a possible trading interval of +/-$0.507 (+/-2.30%) up or down from last closing price. If Barrick Gold Corporation takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $21.36 (2.86%) than the resistance at $23.14 (5.23%), 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?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.389 Buy Candidate Unchanged

Predicted Opening Price for Barrick Gold Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$21.74 ( 1.15%) $21.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ABX.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.50 2.30 %
R2 22.21 0.98 %
R1 22.03 0.168 %
Current price: 21.99
Support S1 21.45 -2.47 %
S2 21.27 -3.29 %
S3 20.98 -4.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.64 7.50 %
R2 23.63 7.46 %
R1 23.14 5.23 %
Current price 21.99
Support S1 21.36 -2.86%
S2 20.98 -4.59%
S3 19.79 -10.00%

ABX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 14, 2024 Feb 28, 2024 Mar 15, 2024 $0.100 0.468%
2 Nov 02, 2023 Nov 29, 2023 Dec 15, 2023 $0.139 0.594%
3 Aug 08, 2023 Aug 30, 2023 Sep 15, 2023 $0.132 0.586%
4 May 03, 2023 May 30, 2023 Jun 15, 2023 $0.100 0.459%
5 Feb 15, 2023 Feb 27, 2023 Mar 15, 2023 $0.133 0.553%

FAQ

What is the symbol for Barrick Gold Corporation Stock and on which exchange is it traded?
The symbol for Barrick Gold Corporation is ABX.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Barrick Gold Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Barrick Gold Corporation Stock?
Barrick Gold Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Barrick Gold Corporation Stock.

What's the current price of Barrick Gold Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Barrick Gold Corporation (ABX.TO) share was $21.99.

What is the 52-week high and low for Barrick Gold Corporation Stock?
The 52-week high for Barrick Gold Corporation Stock is $28.19 and the 52-week low is $18.65.

What is the market capitalization of Barrick Gold Corporation Stock?
As of the 2024-03-27, the market capitalization of Barrick Gold Corporation is 38.605B.

When is the next earnings date for Barrick Gold Corporation?
The upcoming earnings date for Barrick Gold Corporation is May 01, 2024.
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About Barrick Gold Corporation

Barrick Gold Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other... ABX.TO Profile

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