Barrick Stock Technical Analysis

GOLD
 Stock
  

USD 16.35  0.46  2.89%   

As of the 30th of November, Barrick Gold shows the Risk Adjusted Performance of 0.0924, mean deviation of 2.23, and Downside Deviation of 2.78. Barrick Gold Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Barrick Gold Corp, which can be compared to its rivals. Please confirm Barrick Gold Corp treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if Barrick Gold Corp is priced correctly, providing market reflects its regular price of 16.35 per share. Given that Barrick Gold has jensen alpha of 0.0832, we suggest you to validate Barrick Gold Corp's prevailing market performance to make sure the company can sustain itself at a future point.
  

Barrick Gold Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Barrick, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Barrick
Barrick Gold's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Barrick Gold Analyst Consensus

Target PriceAdvice# of Analysts
26.26Hold8Odds
Barrick Gold Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Barrick analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Barrick stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Barrick Gold Corp, talking to its executives and customers, or listening to Barrick conference calls.
Barrick Analyst Advice Details
Barrick Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Barrick Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Barrick Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Barrick Gold Corp Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Barrick Gold Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Barrick Gold Corp Trend Analysis

Use this graph to draw trend lines for Barrick Gold Corp. You can use it to identify possible trend reversals for Barrick Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Barrick Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Barrick Gold Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Barrick Gold Corp applied against its price change over selected period. The best fit line has a slop of   0.00845  , which means Barrick Gold Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.7, which is the sum of squared deviations for the predicted Barrick Gold price change compared to its average price change.

About Barrick Gold Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Barrick Gold Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Barrick Gold Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Barrick Gold Corp price pattern first instead of the macroeconomic environment surrounding Barrick Gold Corp. By analyzing Barrick Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Barrick Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Barrick Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2019 2020 2021 2022 (projected)
Current Ratio2.93.673.953.63
Book Value per Share12.2313.1313.4112.18

Barrick Gold November 30, 2022 Technical Indicators

Most technical analysis of Barrick help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Barrick from various momentum indicators to cycle indicators. When you analyze Barrick charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Barrick Gold November 30, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Barrick stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Risk vs Return Analysis. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for analysis

When running Barrick Gold Corp price analysis, check to measure Barrick Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Barrick Gold is operating at the current time. Most of Barrick Gold's value examination focuses on studying past and present price action to predict the probability of Barrick Gold's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Barrick Gold's price. Additionally, you may evaluate how the addition of Barrick Gold to your portfolios can decrease your overall portfolio volatility.
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Is Barrick Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Barrick Gold. If investors know Barrick will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Barrick Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.30) 
Market Capitalization
28.2 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.0512
Return On Equity
0.0927
The market value of Barrick Gold Corp is measured differently than its book value, which is the value of Barrick that is recorded on the company's balance sheet. Investors also form their own opinion of Barrick Gold's value that differs from its market value or its book value, called intrinsic value, which is Barrick Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Barrick Gold's market value can be influenced by many factors that don't directly affect Barrick Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine Barrick Gold value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.