ISHARES MSCI GLOBAL GOLD MIN (RING) Stock Technical Analysis
USA - NASDAQ:RING - US46434G8556 - ETF
65.62 USD
+0.17 (+0.26%)
65.63 USD
+0.01 (+0.02%)
Overall RING 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, RING is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that RING is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, RING also shows a nice and consistent pattern of rising prices.
RING is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RING has a been trading in the 57.05 - 66.51 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.
RING has an excellent technical rating, but the quality of the setup is only medium 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
34.75
66.28
We found 5 important support areas.
- A support zone ranging from 64.06 to 65.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.50 from a horizontal line in the daily time frame.
- A support zone ranging from 48.85 to 49.17. 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 @35.10 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 | 94.11 | POSITIVE | RING has a high relative strength, it outperformed 94.11% 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) | 77.93 | OVERBOUGHT | The high RSI value suggests RING may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests RING has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.6 | OVERBOUGHT | The high Stochastics value suggests RING may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for RING suggests some volalility. |
| Average Directional Index/ADX (14) | 48.76 | 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)
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 |
|---|---|---|---|
| 66.52 | 64.05 | 2.47 (3.71%) | 25.00% |
| An entry @66.52. This is a Buy Stop order right above the 10 day high. | An exit @64.05. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.47 points, which is 3.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of RING. 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.
65.62
+0.17 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.26%
1 Week2.87%
2 Weeks6.2%
1 Month15.24%
3 Month47.23%
6 Month88.67%
12 Month99.27%
2 Year198.14%
3 Year252.42%
5 Year110.32%
10 Year459.9%
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%2.46%
ATR Inc37.1%
Range Today0.98
ADR(20)1.51
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.11
Mansfield4.72
10 Day High66.51
10 Day Low61.63
20 Day High66.51
20 Day Low57.05
52 Week High66.51
52 Week Low27.7
CS1 End65.61
CR1 StartN/A
Volume & EV
DER(3)-6.02%
DER(5)-3.4%
Volume301.90K
Volume Incr21.82%
Vol(5)716.08K
Vol(50)440.38K