BARRICK GOLD CORP. - Daily - Technical analysis published on 10/15/2019 (GMT)
- 320
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Neutral between 16.25 USD and 17.22 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 16.25 USD. The first resistance is located at 17.22 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by BARRICK GOLD CORP..
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BARRICK GOLD CORP. price is 17.10 USD. On the day, this instrument gained +0.59% and was traded between 17.00 USD and 17.30 USD over the period. The price is currently at +0.59% from its lowest and -1.16% from its highest.17.00
17.30
17.10
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BARRICK GOLD CORP. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.50 | 15.37 | 16.25 | 17.10 | 17.22 | 18.18 | 18.81 |
| Change (%) | -15.20% | -10.12% | -4.97% | - | +0.70% | +6.32% | +10.00% |
| Change | -2.60 | -1.73 | -0.85 | - | +0.12 | +1.08 | +1.71 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.92 | 16.43 | 16.72 | 17.23 | 17.51 | 18.02 | 18.31 |
| Camarilla | 16.78 | 16.85 | 16.93 | 17.00 | 17.07 | 17.15 | 17.22 |
| Woodie | 15.81 | 16.38 | 16.60 | 17.17 | 17.40 | 17.97 | 18.19 |
| Fibonacci | 16.43 | 16.74 | 16.93 | 17.23 | 17.53 | 17.72 | 18.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.30 | 16.12 | 16.56 | 17.39 | 17.83 | 18.65 | 19.09 |
| Camarilla | 16.65 | 16.77 | 16.88 | 17.00 | 17.12 | 17.23 | 17.35 |
| Woodie | 15.10 | 16.02 | 16.37 | 17.29 | 17.63 | 18.55 | 18.90 |
| Fibonacci | 16.12 | 16.60 | 16.90 | 17.39 | 17.87 | 18.17 | 18.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.25 | 15.09 | 16.21 | 18.05 | 19.17 | 21.01 | 22.13 |
| Camarilla | 16.52 | 16.79 | 17.06 | 17.33 | 17.60 | 17.87 | 18.14 |
| Woodie | 12.89 | 14.91 | 15.85 | 17.87 | 18.81 | 20.83 | 21.77 |
| Fibonacci | 15.09 | 16.22 | 16.92 | 18.05 | 19.18 | 19.88 | 21.01 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.74 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -7.02 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 17.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.48 | |
| Elder Ray (13): | -0.45 | |
| Super Trend (3,10): | 18.84 | |
| Zig ZAG (10): | 17.10 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 20.21 | |
| TEMA (21): | 17.30 | |
| Williams %R (14): | -91.46 | |
| Chande Momentum Oscillator (20): | -1.00 | |
| Repulse (5,40,3): | -2.9100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 7.05 |
| MA7: | 17.62 | |
| MA20: | 17.82 | |
| MA50: | 18.14 | |
| MA100: | 16.65 | |
| MAexp7: | 17.47 | |
| MAexp20: | 17.71 | |
| MAexp50: | 17.62 | |
| MAexp100: | 16.77 | |
| Price / MA7: | -2.95% | |
| Price / MA20: | -4.04% | |
| Price / MA50: | -5.73% | |
| Price / MA100: | +2.70% | |
| Price / MAexp7: | -2.12% | |
| Price / MAexp20: | -3.44% | |
| Price / MAexp50: | -2.95% | |
| Price / MAexp100: | +1.97% |
News
Don"t forget to follow the news on BARRICK GOLD CORP.. At the time of publication of this analysis, the latest news was as follows:
- Barrick Announcement of: Preliminary Q3 production results on October 17, 2019; Quarter 3 2019 results on November 6, 2019
- Showcasing the world’s leading gold mining complex
- Barrick Announces New Discovery As It Tracks Top End Of 2019 Production Range
- Recommended Share Offer For Acacia Mining plc By Barrick Gold Corporation
- Barrick Gold Corporation - Scheme Becomes Effective
This member declared not having a position on this financial instrument or a related financial instrument.
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