Sell signal in observation: decline holds its lower lows
Barrick Mining sheds 4% as a double bottom takes shape on the daily chart
Sell signal in observation: decline holds its lower lows
Our view last week
Barrick Mining is in week 2 of a sell signal that is losing steam: this week's session rebounded 2.5%, and the price is now sitting between the first resistance and first support flagged by the model. Signal strength drops to 36 out of 100 - a decline without new lows, not yet exhausted but lacking fresh momentum. The technical picture stays bearish overall, with the setup quality indicator at 64 out of 100 and the stock ranking 82nd among the 137 sell signals for US stocks.
This week's summary
Barrick Mining shares drop 4% this week, while on the daily chart a double bottom is taking shape with an intermediate rebound of 11%. The sell signal is in week 3, and signal strength drops to 31 out of 100 — a decline making lower lows, still working its way down. Setup quality is ordinary, at 60 out of 100, and the stock ranks 37th among the 137 US sell signals.
IQS Phase
60
ordinary
Signal Strength
31
decline starting to make lower lows
Sizing
REDUCED
Ranking
#37 / 137
US stocks sell signals
Trade P&L %
+1.64%
from signal to today
restricted Platinum content