BJK Technical Analysis - VANECK GAMING ETF

Technical Rating and Analysis

Taking everything into account, BJK scores 2 out of 10 in our technical rating. BJK was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

When comparing the yearly performance of all stocks, BJK is a bad performer in the overall market: 66% of all stocks are doing better.

BJK is part of the Automobile Components industry. There are 81 other stocks in this industry, of which 75% are performing better than BJK.

Warning: BJK has an average volume of 3023 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

BJK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BJK is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

In the last month BJK has a been trading in a tight range between 44.02 and 46.38.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK GAMING ETF / BJK Weekly stock chart

VANECK GAMING ETF / BJK Daily stock chart

Setup Rating and Analysis

The technical rating of BJK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

43.90

47.64

We found 1 important support area.

A support zone ranging from 44.34 to 44.35. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 44.76 to 45.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 47.13 to 47.17. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for BJK is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BJK is down.
ChartMill Relative Strength	34.58	NEUTRAL	BJK is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of BJK is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BJK is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of BJK is above the rising SMA(200).
Relative Strength Index/RSI (14)	37.86	NEUTRAL	The RSI value for BJK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.17	NEGATIVE	The MACD value suggests BJK has a negative trend.
Stochastics (14,3)	23.15	NEUTRAL	The Stochastics value for BJK is a neutral value.
Average True Range in percent/ATR (20)	1.22	LOW VOLATILITY	The low ATR as a percentage value for BJK suggests low volalility.
Average Directional Index/ADX (14)	20.9	NEUTRAL	The ADX value for BJK suggests a possible start of a new trend.