Overall OUNZ gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, OUNZ is showing a nice and steady performance.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, OUNZ did better than 92% of all other stocks. On top of that, OUNZ also shows a nice and consistent pattern of rising prices.
- OUNZ 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 OUNZ is lagging the market slightly.
- OUNZ has an average volume of 1974590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month OUNZ has a been trading in the 42.55 - 53.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although OUNZ has an excellent technical rating, it does not offer a high 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.
More info and screens
30.79
We found 5 important support areas.
- Support @44.79 from a horizontal line in the daily time frame.
- A support zone ranging from 43.17 to 43.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.34 from a horizontal line in the daily time frame.
- Support @33.57 from a trend line in the daily time frame.
- Support @31.10 from a horizontal line in the daily time frame.
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 OUNZ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OUNZ is neutral. |
| ChartMill Relative Strength | 92.03 | POSITIVE | OUNZ has a high relative strength, it outperformed 92.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OUNZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OUNZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of OUNZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.25 | NEUTRAL | The RSI value for OUNZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests OUNZ has a negative trend. |
| Stochastics (14,3) | 27.38 | NEUTRAL | The Stochastics value for OUNZ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for OUNZ suggests some volalility. |
| Average Directional Index/ADX (14) | 39.18 | POSITIVE | The high ADX value value for OUNZ suggests a strong trend. |
47.55
+2.75 (+6.14%)
VANECK MERK GOLD ETF / OUNZ FAQ
Can you provide the ChartMill technical rating for VANECK MERK GOLD ETF?
ChartMill assigns a technical rating of 10 / 10 to OUNZ.
What is the current trend direction of VANECK MERK GOLD ETF (OUNZ) stock?
The current trend direction for VANECK MERK GOLD ETF (OUNZ) is Bullish.
What is the RSI signal for OUNZ stock?
VANECK MERK GOLD ETF (OUNZ) has an RSI value of 56.2488. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VANECK MERK GOLD ETF?
The MACD indicator for VANECK MERK GOLD ETF (OUNZ) has a value of -0.115887, indicating a bearish trend.
Can you provide the support and resistance levels for VANECK MERK GOLD ETF?
VANECK MERK GOLD ETF (OUNZ) has a support level at 44.79. Check the full technical report for our detailed analysis of OUNZ support and resistance levels.