SPROTT NICKEL MINERS ETF (NIKL) Stock Technical Analysis
NASDAQ:NIKL - Nasdaq - US85208P6007 - ETF - Currency: USD
Overall NIKL gets a technical rating of 8 out of 10. Although NIKL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month NIKL has a been trading in the 10.08 - 12.09 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, NIKL did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
NIKL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NIKL is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although NIKL has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
11.55
12.13
When analyzing the support we notice one important area.
- A support zone ranging from 11.67 to 11.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.86 to 12.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NIKL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NIKL is up. |
| ChartMill Relative Strength | 71.89 | POSITIVE | NIKL has a high relative strength, it outperformed 71.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NIKL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NIKL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NIKL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.76 | NEUTRAL | The RSI value for NIKL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NIKL has a negative trend. |
| Stochastics (14,3) | 75.95 | NEUTRAL | The Stochastics value for NIKL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for NIKL suggests some volalility. |
| Average Directional Index/ADX (14) | 42.67 | POSITIVE | The high ADX value value for NIKL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 12.02 | 11.66 | 0.36 (3.00%) | 25.00% |
| An entry @12.02. This is a Buy Stop order right above the resistance zone. | An exit @11.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.36 points, which is 3.00%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NIKL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.83
+0.16 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.37%
1 Week-1.13%
2 Weeks5.16%
1 Month15.3%
3 Month28.73%
6 Month11.81%
12 Month-9.66%
2 Year-44.95%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.31%
ATR Inc-29.18%
Range Today0.15
ADR(20)0.22
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.89
Mansfield0.01
10 Day High12.09
10 Day Low11.04
20 Day High12.09
20 Day Low10.08
52 Week High13.94
52 Week Low7.25
CS1 End11.76
CR1 Start11.86
Volume & EV
DER(3)-1.8%
DER(5)0.67%
Volume13.70K
Volume Incr-41.13%
Vol(5)15.52K
Vol(50)41.96K