Barrick Gold Stock Forecast
Barrick Gold stock price ended at $16.62 on Tuesday, after gaining 0.362%.
(Updated on Jul 02, 2024)
The Barrick Gold stock price gained 0.362% on the last trading day (Tuesday, 2nd Jul 2024), rising from $16.56 to $16.62. During the last trading day the stock fluctuated 1.77% from a day low at $16.41 to a day high of $16.70. The price has risen in 6 of the last 10 days and is up by 2.97% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately $192.88 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.76% during the next 3 months and, with a 90% probability hold a price between $15.12 and $16.68 at the end of this 3-month period.
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GOLD Signals & Forecast
There are mixed signals in the stock today. The Barrick Gold 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 $16.69 and $16.87. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 3.68%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Barrick Gold stock
Barrick Gold finds support from accumulated volume at $16.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (1.77%) between high and low. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOLD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Barrick Gold Corporation to open at $16.58, and during the day (based on 14 day Average True Range), to move between $16.19 and $17.05, which gives a possible trading interval of +/-$0.429 (+/-2.58%) up or down from last closing price. If Barrick Gold Corporation takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.56 (0.36%) than the resistance at $17.08 (2.77%), 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?
Barrick Gold holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.074 Sell Candidate Unchanged
Predicted Opening Price for Barrick Gold Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $16.58 ( 0.261%) | $16.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOLD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.87 | 1.48% |
| R2 | 16.76 | 0.82% |
| R1 | 16.69 | 0.406% |
| Price | 16.62 | |
| S1 | 16.47 | -0.93% |
| S2 | 16.40 | -1.34% |
| S3 | 16.29 | -2.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.86 | 7.46% |
| R2 | 17.42 | 4.81% |
| R1 | 17.08 | 2.77% |
| Price | 16.62 | |
| S1 | 16.56 | -0.361% |
| S2 | 16.48 | -0.84% |
| S3 | 16.15 | -2.83% |
GOLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | May 31, 2024 | Jun 17, 2024 | $0.100 | 0.620% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $0.100 | 0.635% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 15, 2023 | $0.100 | 0.571% |
| 4 | Aug 08, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.100 | 0.601% |
| 5 | May 03, 2023 | May 30, 2023 | Jun 15, 2023 | $0.100 | 0.606% |
FAQ
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