B2GOLD CORP - Daily - Technical analysis published on 10/03/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
6%
56%
39%
My opinion
Bullish above 2.81 USD
My targets
3.24 USD (+5.19%)
3.38 USD (+9.74%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 2.81 USD remains possible. It is advisable to trade B2GOLD CORP with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 2.81 USD. The next bullish objective for buyers is set at 3.24 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.38 USD. If there is any crossing, the next objective would be the resistance located at 4.07 USD. PS: if there is a bearish break in the support located at 2.81 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The B2GOLD CORP price is 3.08 USD. The price registered a decrease of -0.32% on the session with the lowest point at 3.05 USD and the highest point at 3.09 USD. The deviation from the price is +0.98% for the low point and -0.32% for the high point.3.05
3.09
3.08
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by B2GOLD CORP:
Technical
A technical analysis in Daily of this B2GOLD CORP chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 2.54 | 2.81 | 3.04 | 3.08 | 3.24 | 3.38 | 4.07 |
| Change (%) | -17.53% | -8.77% | -1.30% | - | +5.19% | +9.74% | +32.14% |
| Change | -0.54 | -0.27 | -0.04 | - | +0.16 | +0.30 | +0.99 |
| Level | Major | Major | Major | - | Intermediate | Major | Intermediate |
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 | 2.98 | 3.02 | 3.06 | 3.10 | 3.14 | 3.18 | 3.22 |
| Camarilla | 3.07 | 3.08 | 3.08 | 3.09 | 3.10 | 3.11 | 3.11 |
| Woodie | 2.97 | 3.02 | 3.05 | 3.10 | 3.13 | 3.18 | 3.21 |
| Fibonacci | 3.02 | 3.05 | 3.07 | 3.10 | 3.13 | 3.15 | 3.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.95 | 3.07 | 3.14 | 3.26 | 3.33 | 3.45 | 3.52 |
| Camarilla | 3.15 | 3.17 | 3.18 | 3.20 | 3.22 | 3.24 | 3.25 |
| Woodie | 2.92 | 3.06 | 3.11 | 3.25 | 3.30 | 3.44 | 3.49 |
| Fibonacci | 3.07 | 3.15 | 3.19 | 3.26 | 3.34 | 3.38 | 3.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.76 | 2.16 | 2.62 | 3.02 | 3.48 | 3.88 | 4.34 |
| Camarilla | 2.84 | 2.92 | 3.00 | 3.08 | 3.16 | 3.24 | 3.32 |
| Woodie | 1.79 | 2.18 | 2.65 | 3.04 | 3.51 | 3.90 | 4.37 |
| Fibonacci | 2.16 | 2.49 | 2.69 | 3.02 | 3.35 | 3.55 | 3.88 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.27 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 1.56 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.41 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 3.01 | |
| Zig ZAG (10): | 3.08 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 20.50 | |
| TEMA (21): | 3.24 | |
| Williams %R (14): | -91.89 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | -2.6300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.6100 | |
| Courbe Coppock: | 15.59 |
| MA7: | 3.17 | |
| MA20: | 3.12 | |
| MA50: | 2.88 | |
| MA100: | 2.80 | |
| MAexp7: | 3.14 | |
| MAexp20: | 3.10 | |
| MAexp50: | 2.95 | |
| MAexp100: | 2.85 | |
| Price / MA7: | -2.84% | |
| Price / MA20: | -1.28% | |
| Price / MA50: | +6.94% | |
| Price / MA100: | +10.00% | |
| Price / MAexp7: | -1.91% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | +4.41% | |
| Price / MAexp100: | +8.07% |
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 Announces Goose Project Update; Project Construction and Development on Track for First Gold Production in Q2 2025; Total Construction and Mine Development Cash Expenditure Estimate Before First Gold Production Revised to Reflect Current Timeline
- B2Gold Reaches Agreement on Terms with Mali Government Relating to the Framework for the Fekola Complex; Approvals for Fekola Regional and Fekola Underground to be Expedited
- B2Gold Reports Q2 2024 Results and Updated 2024 Guidance
- B2Gold Second Quarter 2024 Financial Results – Conference Call Details
- B2Gold Announces Voting Results from its 2024 Annual General and Special Meeting
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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