Bullish vs. Bearish (1 opinions)
Social Sentiment 0.77
BTG Forecast and Technical Stock Analysis
Buy candidate since 2019-11-26 Gain 5.01% PDF
B2Gold Corp gained 0.53% in the last trading day ( Friday, 13th Dec 2019 ), rising from $3.75 to $3.77 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 2.70% from a day low at $3.70 to a day high of $3.80. The price has risen in 7 of the last 10 days and is up by 2.45% over the past 2 weeks. Volume fell in the last day by -1.46 million shares and in total, 5.21 million shares bought and sold for approximately $19.65 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the BTG stock price was $3.85 and low was $3.43.
- 90 day high was $3.85 and low was $3.10.
- 52 week high for B2Gold Corp - $4.02 and low - $2.40.
B2Gold Corp lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.24% during the next 3 months and, with 90% probability hold a price between $3.83 and $4.51 at the end of this period.
Only positive signals in the chart today. B2Gold Corp holds buy signals from both short- and long-term moving averages. In addition, 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 $3.71 and $3.56. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 06, 2019, which indicates further gains 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 75 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $3.49 and $3.44.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, B2Gold Corp finds support just below today's level at $3.49. If this is broken, then the next support from accumulated volume will be at $3.44 and $3.25.
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 $0.10 (2.70%) between high and low. For the last week, the stock has had daily average volatility of 2.90%.
Since the B2Gold Corp has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $3.62 (-4.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)
2.90 %Average volatility
Very Low Low Medium High Very High
B2Gold Corp holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|BTG $3.77 ($0.02 0.53%)|
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