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BARRICK GOLD CORP (ABX.CA) Stock Technical Analysis

TSX:ABX - Toronto Stock Exchange - CA0679011084 - Common Stock - Currency: CAD

27.62  -0.7 (-2.47%)

Technical Rating and Analysis

9

Taking everything into account, ABX scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ABX has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!
ABX is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ABX slightly outperforms the market at the moment.
In the last month ABX has a been trading in the 24.28 - 29.39 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
ABX has an average volume of 4028500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ABX is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ABX is an average performer in the Metals & Mining industry, it outperforms 66% of 799 stocks in the same industry.

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Weekly and Daily overview Charts
BARRICK GOLD CORP / ABX Weekly stock chart
BARRICK GOLD CORP / ABX Daily stock chart
Setup Rating and Analysis

8

ABX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.69, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

21.79

29.57

3 important support areas can be observed.

  • A support zone ranging from 24.98 to 25.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @23.22 from a trend line in the weekly time frame.
  • Support @22.01 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 28.88 to 29.28. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.9
Mansfield1.73
10 Day High29.39
10 Day Low24.74
20 Day High29.39
20 Day Low24.28
52 Week High29.5
52 Week Low21.73
Performance
1 Week-2.54%
2 Weeks9.95%
1 Month1.99%
3 Month19.31%
6 Month1.32%
12 Month18.24%
2 Year7.22%
3 Year-3.6%
5 Year-22.91%
10 Year76.15%
15 Year-37.65%

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)52.54
LBB24.68
UBB29.84

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
29.2924.974.32 (14.75%)6.78%
An entry @29.29. This is a Buy Stop order right above the resistance zone.An exit @24.97. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 4.32 points, which is 14.75%.For a 1.00% total portfolio risk, you can invest 6.78% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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BARRICK GOLD CORP / ABX Daily stock chart

BARRICK GOLD CORP

TSX:ABX (4/22/2025, 7:00:00 PM)

27.62

-0.7 (-2.47%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.47%
1 Week-2.54%
2 Weeks9.95%
1 Month1.99%
3 Month19.31%
6 Month1.32%
12 Month18.24%
2 Year7.22%
3 Year-3.6%
5 Year-22.91%
10 Year76.15%
15 Year-37.65%
Volatility
ATR(14)1.35
ATR(20)%4.19%
ATR Inc-11.39%
Range Today1.35
ADR(20)1.04
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.9
Mansfield1.73
10 Day High29.39
10 Day Low24.74
20 Day High29.39
20 Day Low24.28
52 Week High29.5
52 Week Low21.73
CS1 End25.69
CR1 Start28.88
Volume & EV
DER(3)-2.45%
DER(5)-2.2%
Volume3.87M
Volume Incr-11.88%
Vol(5)3.82M
Vol(50)4.03M