NYSE:ABX
Delisted

Barrick Gold Corporation Fund Forecast

$23.43
+0.210 (+0.90%)
At Close: Jun 04, 2020
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.

Green day on Thursday for Barrick Gold Corporation
(Updated on Jun 04, 2020)

Sell candidate since May 26, 2020 Loss -5.26% PDF

The Barrick Gold Corporation fund price gained 0.90% on the last trading day (Thursday, 4th Jun 2020), rising from $23.22 to $23.43. During the last trading day the fund fluctuated 3.62% from a day low at $23.18 to a day high of $24.02. The price has been going up and down for this period, and there has been a -14.02% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 22 million shares were bought and sold for approximately $513.99 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.

The fund lies in the lower part of a very 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 $23.38 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 fund is expected to rise 46.83% during the next 3 months and, with a 90% probability hold a price between $34.33 and $46.36 at the end of this 3-month period.

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ABX Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 03, 2020, and so far it has risen 0.90%. 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 fund should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Barrick Gold Corporation fund 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 $23.89 and $25.95. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Barrick Gold Corporation finds support from accumulated volume at $22.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.84 between high and low, or 3.62%. For the last week the fund has had daily average volatility of 3.74%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ABX) For The Upcoming Trading Day Of Friday 5th

For the upcoming trading day on Friday, 5th we expect Barrick Gold Corporation to open at $23.54, and during the day (based on 14 day Average True Range), to move between $22.25 and $24.61, which gives a possible trading interval of +/-$1.18 (+/-5.06%) up or down from last closing price. If Barrick Gold Corporation takes out the full calculated possible swing range there will be an estimated 10.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $23.92 (2.09%) than the support at $22.51 (3.93%), 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 fund A Buy?

The Barrick Gold Corporation fund 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 fund.

Current score: -1.529 Sell Candidate Unchanged

Predicted Opening Price for Barrick Gold Corporation of Friday, June 5, 2020

Fair opening price June 5, 2020 Current price
$23.54 ( 0.484%) $23.43

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

Trading levels for ABX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.38 4.07 %
R2 24.06 2.70 %
R1 23.86 1.85 %
Current price: 23.43
Support S1 23.22 -0.89 %
S2 23.02 -1.73 %
S3 22.70 -3.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.93 14.94 %
R2 23.95 2.22 %
R1 23.92 2.09 %
Current price 23.43
Support S1 22.51 -3.93%
S2 19.50 -16.77%
S3 17.71 -24.41%

FAQ

What is the symbol for Barrick Gold Corporation Fund and on which exchange is it traded?
The symbol for Barrick Gold Corporation is ABX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Barrick Gold Corporation Fund?
The Barrick Gold Corporation fund 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 fund.

How to buy Barrick Gold Corporation Fund?
Barrick Gold Corporation Fund 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 Fund.

What's the current price of Barrick Gold Corporation Fund?
As of the end of day on the 2020-06-04, the price of an Barrick Gold Corporation (ABX) share was $23.43.

What is the 52-week high and low for Barrick Gold Corporation Fund?
The 52-week high for Barrick Gold Corporation Fund is $28.50 and the 52-week low is $12.65.
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About Barrick Gold Corporation

Barrick Gold Corporation engages in the exploration and development of mineral properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper, and nickel deposits. The companyÂ’s principal properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero. As of December 31, 2015, it had proven and probab... ABX Profile

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