ISHARES MSCI GLOBAL GOLD MIN (RING) Stock Technical Analysis
NASDAQ:RING - US46434G8556 - ETF
59.62 USD
+0.76 (+1.29%)
59.69 USD
+0.07 (+0.12%)
Taking everything into account, RING scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RING is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that RING is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by RING over the past year are nicely spread over this period.
A new 52 week high is currently being made by RING, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month RING has a been trading in the 48.14 - 59.62 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RING has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.25
60.22
4 important support areas can be observed.
- A support zone ranging from 53.37 to 53.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 47.42 to 47.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.99 to 43.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @34.60 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for RING is up. |
| ChartMill Relative Strength | 92.04 | POSITIVE | RING has a high relative strength, it outperformed 92.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RING is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RING is above 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) | 81.68 | OVERBOUGHT | The high RSI value suggests RING may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests RING has a positive trend. |
| Stochastics (14,3) | 96.29 | OVERBOUGHT | The high Stochastics value suggests RING may be overbought. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for RING suggests some volalility. |
| Average Directional Index/ADX (14) | 43.2 | POSITIVE | The high ADX value value for RING 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)
59.62
+0.76 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.29%
1 Week7.97%
2 Weeks13.52%
1 Month20.88%
3 Month30.69%
6 Month64.74%
12 Month78.72%
2 Year188.02%
3 Year217.8%
5 Year82.55%
10 Year455.12%
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%2.08%
ATR Inc9.23%
Range Today1.19
ADR(20)1.1
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.04
Mansfield4.06
10 Day High59.62
10 Day Low51.81
20 Day High59.62
20 Day Low48.14
52 Week High59.62
52 Week Low27.7
CS1 End53.65
CR1 StartN/A
Volume & EV
DER(3)4.02%
DER(5)2.45%
Volume385.40K
Volume Incr17.77%
Vol(5)451.16K
Vol(50)325.85K