Bloomberg's 15-minute chart signals overbought RSI and bearish Marubozu pattern.

Based on the 15-minute chart of B, the recent price surge has triggered a reading on the Relative Strength Index (RSI) that indicates the stock is in an overbought condition. The appearance of a bearish Marubozu candlestick at 10/09/2025 at 10:30 further suggests that the stock price has risen too quickly and is no longer supported by fundamental analysis. As a result, it is likely that sellers will dominate the market and bearish momentum will continue.

Barrick Mining (NYSE: B) has experienced a significant price surge in recent months, with its stock climbing over 25% in the past year Barrick Gold (NYSE:GOLD): Evaluating Valuation Following the Recent 25% Share Price Surge^[1]. However, the recent price action has triggered a reading on the Relative Strength Index (RSI) that indicates the stock is in an overbought condition. This overbought condition suggests that the stock price has risen too quickly and may be unsupported by fundamental analysis. Additionally, the appearance of a bearish Marubozu candlestick at 10/09/2025 at 10:30 further supports the notion that sellers will dominate the market and bearish momentum will continue.

The RSI is a popular momentum oscillator that measures the speed and change of price movements. An RSI reading above 70 is generally considered overbought, indicating that the stock may be overvalued and ripe for a correction. The Marubozu candlestick is a type of candlestick pattern that consists of a single candle with no shadows, which suggests strong buying or selling pressure. In this case, the bearish Marubozu candlestick at 10/09/2025 at 10:30 indicates strong selling pressure and could signal a reversal in the stock's price trend.

Investors should be cautious about the recent price surge and the overbought conditions indicated by the RSI. The bearish Marubozu candlestick also suggests that the stock may be at risk of a correction or even a decline in the near term. It is essential to monitor the stock's price action and fundamentals closely to make informed investment decisions.