While this happened, Argus upgraded its Barrick Gold Corp. [GOLD] rating to a Buy from a a Hold in a research note published recently. Argus also remained covering GOLD and has decreased its forecast on February 26, 2024 with a “Hold” recommendation from previously “Buy” rating. Bernstein revised its rating on January 08, 2024. It rated GOLD as “a Mkt perform” which previously was an “an Outperform”.
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Price Performance Review of GOLD
On Tuesday, Barrick Gold Corp. [NYSE:GOLD] saw its stock fall -1.11% to $19.66. Over the last five days, the stock has lost -3.15%. Barrick Gold Corp. shares have risen nearly 8.68% since the year began. Nevertheless, the stocks have risen 34.84% over the past one year. While a 52-week high of $21.21 was reached on 09/26/24, a 52-week low of $13.76 was recorded on 02/14/24. SMA at 50 days reached $19.60, while 200 days put it at $17.36.
Levels Of Support And Resistance For GOLD Stock
The 24-hour chart illustrates a support level at 19.48, which if violated will result in even more drops to 19.29. On the upside, there is a resistance level at 19.88. A further resistance level may holdings at 20.09. The Relative Strength Index (RSI) on the 14-day chart is 45.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.18%. Stochastics %K at 17.01% indicates the stock is a buying.
How much short interest is there in Barrick Gold Corp.?
A steep rise in short interest was recorded in Barrick Gold Corp. stocks on 2024-09-13, growing by 1.83 million shares to a total of 15.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.01 million shares. There was a rise of 11.58%, which implies that there is a positive sentiment for the stock.
