B2GOLD CORP - Daily - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2.95 USD
My targets
3.23 USD (+7.31%)
3.32 USD (+10.30%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on B2GOLD CORP. This is a positive signal for buyers. As long as the price remains above 2.95 USD, a purchase could be considered. The first bullish objective is located at 3.23 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.32 USD as an objective. Crossing it would then enable buyers to target 3.55 USD. In the event of a return below 2.95 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The B2GOLD CORP price is 3.01 USD. On the day, this instrument lost -1.63% and was traded between 2.93 USD and 3.15 USD over the period. The price is currently at +2.73% from its lowest and -4.44% from its highest.2.93
3.15
3.01
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by B2GOLD CORP:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this B2GOLD CORP chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.45 | 2.72 | 2.95 | 3.01 | 3.23 | 3.32 | 3.55 |
| Change (%) | -18.60% | -9.63% | -1.99% | - | +7.31% | +10.30% | +17.94% |
| Change | -0.56 | -0.29 | -0.06 | - | +0.22 | +0.31 | +0.54 |
| Level | Major | Major | Major | - | Major | Intermediate | 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 | 2.84 | 2.89 | 2.97 | 3.02 | 3.10 | 3.15 | 3.23 |
| Camarilla | 3.02 | 3.04 | 3.05 | 3.06 | 3.07 | 3.08 | 3.10 |
| Woodie | 2.87 | 2.90 | 2.99 | 3.03 | 3.12 | 3.16 | 3.26 |
| Fibonacci | 2.89 | 2.94 | 2.97 | 3.02 | 3.07 | 3.10 | 3.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.49 | 2.61 | 2.76 | 2.88 | 3.03 | 3.15 | 3.30 |
| Camarilla | 2.84 | 2.86 | 2.89 | 2.91 | 2.93 | 2.96 | 2.98 |
| Woodie | 2.51 | 2.62 | 2.78 | 2.89 | 3.05 | 3.16 | 3.32 |
| Fibonacci | 2.61 | 2.71 | 2.78 | 2.88 | 2.98 | 3.05 | 3.15 |
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): | 64.59 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 18.81 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 2.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.75 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 2.67 | |
| Zig ZAG (10): | 3.01 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 80.18 | |
| TEMA (21): | 2.99 | |
| Williams %R (14): | -30.43 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2900 | |
| Courbe Coppock: | 12.84 |
| MA7: | 2.91 | |
| MA20: | 2.82 | |
| MA50: | 2.71 | |
| MA100: | 2.84 | |
| MAexp7: | 2.93 | |
| MAexp20: | 2.83 | |
| MAexp50: | 2.78 | |
| MAexp100: | 2.78 | |
| Price / MA7: | +3.44% | |
| Price / MA20: | +6.74% | |
| Price / MA50: | +11.07% | |
| Price / MA100: | +5.99% | |
| Price / MAexp7: | +2.73% | |
| Price / MAexp20: | +6.36% | |
| Price / MAexp50: | +8.27% | |
| Price / MAexp100: | +8.27% |
News
Don"t forget to follow the news on B2GOLD CORP. At the time of publication of this analysis, the latest news was as follows:
- B2Gold Announces Voting Results from the Election of its Board of Directors
- B2Gold Notice of 2019 Annual General and Special Meeting of Shareholders; New Executive Appointed
- B2Gold Announces that Independent Proxy Advisory Firms, Glass Lewis and ISS, Recommend B2Gold Shareholders Vote for All Proposed Items at the Upcoming Annual General & Special Meeting
- B2Gold has Filed a Technical Report for the Fekola Mine Expansion Confirming Very Positive Results from the Expansion Study PEA for the Fekola Mine in Mali (owned 80% B2Gold: 20% State of Mali)
- B2Gold Reports Strong First Quarter 2019 Results; Quarterly Gold Production of 231,000 oz, 6% Above Budget; AISC of $848/oz sold, significantly below budget by $133/oz
This member declared not having a position on this financial instrument or a related financial instrument.
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