ISHARES MSCI GLOBAL GOLD MIN (RING) Stock Technical Analysis
NASDAQ:RING • US46434G8556
Taking everything into account, RING scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, RING has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 96% of all stocks. On top of that, RING also shows a nice and consistent pattern of rising prices.
- RING 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 RING is lagging the market slightly.
- In the last month RING has a been trading in the 78.69 - 98.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RING has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 88.13, a Stop Loss order could be placed below this zone.
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72.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 86.19 to 88.13. 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 78.79 to 81.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.73 from a trend 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 RING is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RING is up. |
| ChartMill Relative Strength | 96.84 | POSITIVE | RING has a high relative strength, it outperformed 96.84% 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) | 54.92 | NEUTRAL | The RSI value for RING is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests RING has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.08 | NEUTRAL | The Stochastics value for RING is a neutral value. |
| Average True Range in percent/ATR (20) | 5.46 | HIGH VOLATILITY | The high ATR as a percentage value for RING suggests high volalility. |
| Average Directional Index/ADX (14) | 16.96 | NEGATIVE | The low ADX value for RING suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 91.00 | 86.18 | 4.82 (5.30%) | 18.88% |
| An entry @91.00. This is a Buy Stop order right above the 10 day high. | An exit @86.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.82 points, which is 5.30%. | When investing 18.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
88.7
+2.23 (+2.58%)
ISHARES MSCI GLOBAL GOLD MIN / RING FAQ
What is the technical rating for RING stock?
ChartMill assigns a technical rating of 10 / 10 to RING.
What is the current trend direction of ISHARES MSCI GLOBAL GOLD MIN (RING) stock?
The current trend direction for ISHARES MSCI GLOBAL GOLD MIN (RING) is Bullish.
What is the RSI signal for RING stock?
ISHARES MSCI GLOBAL GOLD MIN (RING) has an RSI value of 54.9154. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ISHARES MSCI GLOBAL GOLD MIN?
The short term momentum for ISHARES MSCI GLOBAL GOLD MIN (RING) is positive.
What are the support and resistance levels for ISHARES MSCI GLOBAL GOLD MIN (RING) stock?
ISHARES MSCI GLOBAL GOLD MIN (RING) has a support level at 88.13. Check the full technical report for our detailed analysis of RING support and resistance levels.