ISHARES MSCI GLOBAL GOLD MIN (RING) Stock Technical Analysis
USA - NASDAQ:RING - US46434G8556 - ETF
We assign a technical rating of 8 out of 10 to RING. In the last year, RING was one of the better performers, but we do observe some doubts in the very recent evolution.
Although RING 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
35.58
We found 5 important support areas.
- Support @60.64 from a horizontal line in the weekly time frame.
- A support zone ranging from 58.28 to 59.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.58 to 51.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.41 from a horizontal line in the daily time frame.
- Support @35.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.91 to 62.20. This zone is formed by a combination of multiple trend lines and important moving averages 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 RING is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RING is neutral. |
| ChartMill Relative Strength | 93.81 | POSITIVE | RING has a high relative strength, it outperformed 93.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RING is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RING is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RING is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.12 | NEUTRAL | The RSI value for RING is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests RING has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.7 | OVERSOLD | The low Stochastics value suggests RING may be oversold. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for RING suggests some volalility. |
| Average Directional Index/ADX (14) | 26.46 | POSITIVE | The high ADX value value for RING suggests a strong trend. |
60.65
+0.21 (+0.35%)
ISHARES MSCI GLOBAL GOLD MIN / RING FAQ
What is the technical rating for RING stock?
ChartMill assigns a technical rating of 8 / 10 to RING.
Can you provide the trend direction for ISHARES MSCI GLOBAL GOLD MIN?
The current trend direction for ISHARES MSCI GLOBAL GOLD MIN (RING) is Bullish.
What is the RSI signal for ISHARES MSCI GLOBAL GOLD MIN (RING) stock?
ISHARES MSCI GLOBAL GOLD MIN (RING) has an RSI value of 46.1165. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES MSCI GLOBAL GOLD MIN (RING) stock?
The MACD indicator for ISHARES MSCI GLOBAL GOLD MIN (RING) has a value of -0.627522, indicating a bearish trend.
What is the short term momentum for ISHARES MSCI GLOBAL GOLD MIN (RING) stock?
The short term momentum for ISHARES MSCI GLOBAL GOLD MIN (RING) is neutral.