B2GOLD CORP - 1H - Technical analysis published on 12/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 3.09 USD
My targets
3.21 USD (+0.63%)
3.34 USD (+4.70%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on B2GOLD CORP as long as the price remains well above 3.09 USD. The buyers' bullish objective is set at 3.21 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.34 USD. If there is any crossing, the next objective would be the resistance located at 3.41 USD.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
B2GOLD CORP rating 3.19 USD. The price is lower by -0.62% since the last closing and was between 3.18 USD and 3.25 USD. This implies that the price is at +0.31% from its lowest and at -1.85% from its highest.3.18
3.25
3.19
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of B2GOLD CORP indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.91 | 2.97 | 3.09 | 3.19 | 3.21 | 3.34 | 3.41 |
| Change (%) | -8.90% | -7.02% | -3.13% | - | +0.63% | +4.70% | +6.96% |
| Change | -0.28 | -0.22 | -0.10 | - | +0.02 | +0.15 | +0.22 |
| Level | Major | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.04 | 3.11 | 3.16 | 3.23 | 3.28 | 3.35 | 3.40 |
| Camarilla | 3.18 | 3.19 | 3.20 | 3.21 | 3.22 | 3.23 | 3.24 |
| Woodie | 3.03 | 3.11 | 3.15 | 3.23 | 3.27 | 3.35 | 3.39 |
| Fibonacci | 3.11 | 3.16 | 3.18 | 3.23 | 3.28 | 3.30 | 3.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.67 | 2.86 | 2.99 | 3.18 | 3.31 | 3.50 | 3.63 |
| Camarilla | 3.02 | 3.05 | 3.08 | 3.11 | 3.14 | 3.17 | 3.20 |
| Woodie | 2.63 | 2.85 | 2.95 | 3.17 | 3.27 | 3.49 | 3.59 |
| Fibonacci | 2.86 | 2.99 | 3.06 | 3.18 | 3.31 | 3.38 | 3.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.60 | 2.76 | 3.04 | 3.20 | 3.48 | 3.64 | 3.92 |
| Camarilla | 3.21 | 3.25 | 3.29 | 3.33 | 3.37 | 3.41 | 3.45 |
| Woodie | 2.67 | 2.79 | 3.11 | 3.23 | 3.55 | 3.67 | 3.99 |
| Fibonacci | 2.76 | 2.93 | 3.03 | 3.20 | 3.37 | 3.47 | 3.64 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.40 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 6.60 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 3.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.15 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 3.14 | |
| Zig ZAG (10): | 3.20 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 63.85 | |
| TEMA (21): | 3.25 | |
| Williams %R (14): | -52.50 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -0.7900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 8.97 |
| MA7: | 3.13 | |
| MA20: | 3.14 | |
| MA50: | 3.13 | |
| MA100: | 3.09 | |
| MAexp7: | 3.21 | |
| MAexp20: | 3.17 | |
| MAexp50: | 3.15 | |
| MAexp100: | 3.15 | |
| Price / MA7: | +1.92% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +1.92% | |
| Price / MA100: | +3.24% | |
| Price / MAexp7: | -0.62% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +1.27% | |
| Price / MAexp100: | +1.27% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on B2GOLD CORP at the time of the analysis were as follows:
- B2Gold Declares Fourth Quarter 2023 Dividend of $0.04 per Share
- B2Gold Announces Positive Exploration Drilling Results from its Inaugural Drilling Campaign at the Back River Gold District in Nunavut and Provides an Update on Construction and Mining at the Goose Project
- B2Gold Reports Q3 2023 Results; 2023 Total Gold Production Guidance Reiterated; Full-Year Cash Operating Costs Forecast to be Below Guidance Range and Full-Year All-In Sustaining Costs Forecast to be at the Low End of Guidance Range
- B2Gold Third Quarter 2023 Financial Results – Conference Call Details
- B2Gold Provides Construction Update for the Goose Project in Nunavut, Canada; Construction on Budget and on Track to Pour First Gold in Q1 2025
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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