B2Gold Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
B2Gold Corp stock price down 1.88% on Thursday
(Updated on Apr 18, 2024)
The B2Gold Corp stock price fell by -1.88% on the last day (Thursday, 18th Apr 2024) from $2.66 to $2.61. During the last trading day the stock fluctuated 4.62% from a day low at $2.60 to a day high of $2.72. The price has fallen in 5 of the last 10 days and is down by -4.74% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 11 million shares were bought and sold for approximately $27.72 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect B2Gold Corp stock with a 90% probability to be traded between $2.32 and $2.90 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BTG Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The B2Gold Corp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.75 and $2.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for B2Gold Corp stock
B2Gold Corp finds support from accumulated volume at $2.57 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 $0.120 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 5.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTG) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect B2Gold Corp to open at $2.64, and during the day (based on 14 day Average True Range), to move between $2.49 and $2.73, which gives a possible trading interval of +/-$0.117 (+/-4.50%) up or down from last closing price. If B2Gold Corp takes out the full calculated possible swing range there will be an estimated 9.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.62 (0.38%) than the support at $2.57 (1.53%), 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 B2Gold Corp stock A Buy?
B2Gold Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.927 Sell Candidate Unchanged
Predicted Opening Price for B2Gold Corp of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.64 ( 1.28%) | $2.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.76 | 5.87 % | |
| R2 | 2.72 | 4.12 % | ||
| R1 | 2.69 | 3.03 % | ||
| Current price: | 2.61 | |||
| Support | S1 | 2.60 | -0.479 % | |
| S2 | 2.57 | -1.56 % | ||
| S3 | 2.52 | -3.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.67 | 2.30 % | |
| R2 | 2.64 | 1.15 % | ||
| R1 | 2.62 | 0.383 % | ||
| Current price | 2.61 | |||
| Support | S1 | 2.57 | -1.53% | |
| S2 | 2.56 | -1.92% | ||
| S3 | 2.49 | -4.60% |
BTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Mar 06, 2024 | $0 | 0% |
| 2 | Nov 22, 2023 | Dec 01, 2023 | Dec 18, 2023 | $0.0400 | 1.25% |
| 3 | Sep 05, 2023 | Sep 20, 2023 | Sep 29, 2023 | $0.0400 | 1.38% |
| 4 | Jun 05, 2023 | Jun 15, 2023 | Jun 27, 2023 | $0.0400 | 1.14% |
| 5 | Feb 22, 2023 | Mar 07, 2023 | Mar 17, 2023 | $0.0400 | 1.09% |
FAQ
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