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Bloomberg RSI Overbought, Bollinger Bands Narrowing on 15-Minute Chart
ByAinvest
Wednesday, Oct 15, 2025 2:23 pm ET1min read
Upon examining the 15-minute chart of B, we observe that the Relative Strength Index (RSI) has entered an overbought zone, and the Bollinger Bands have begun to narrow at 10:15 AM on October 15, 2025. This suggests that the stock price has surged excessively and is now trading beyond its fundamental support level, with a diminishing magnitude of price fluctuations.
Upon examining the 15-minute chart of Barrick Mining Corporation (NYSE: B), investors have noted significant technical indicators suggesting an overbought condition. As of 10:15 AM on October 15, 2025, the Relative Strength Index (RSI) has entered an overbought zone, while the Bollinger Bands have begun to narrow. This technical analysis indicates that the stock price has surged excessively and is now trading beyond its fundamental support level, with a diminishing magnitude of price fluctuations.Freedom Capital Markets, an investment firm, recently increased its price target on Barrick Mining Corporation (NYSE: B) from $20.50 to $42.00, maintaining a Buy rating, according to a . The firm highlighted Barrick's strategic shift from a pure-play gold producer to a leader in precious metals and copper, emphasizing the company's $12 billion growth pipeline. This pipeline is expected to boost production by 30% by 2030, driven by key projects such as the Fourmile development approval, slated for the first quarter of 2026. Additionally, the Reko Diq and Lumwana expansion projects are planned to start production in 2028, creating a synchronized growth inflection that could significantly alter the company's production levels and cash flow.
While these developments are promising, the current technical indicators suggest that investors should exercise caution. The overbought condition on the RSI and narrowing Bollinger Bands indicate a potential correction in the stock price. Investors should closely monitor these indicators and consider the broader market conditions before making investment decisions.
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