SPROTT JR. GOLD MINERS ETF (SGDJ) Stock Technical Analysis
NYSEARCA:SGDJ - NYSE Arca - US85210B2016 - ETF - Currency: USD
Taking everything into account, SGDJ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, SGDJ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SGDJ did better than 92% of all other stocks. We also observe that the gains produced by SGDJ over the past year are nicely spread over this period.
SGDJ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SGDJ is performing more or less in line with the market.
SGDJ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SGDJ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
32.10
52.83
We found 6 important support areas.
- Support @48.76 from a trend line in the daily time frame.
- A support zone ranging from 46.43 to 47.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.28 to 44.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.70 from a trend line in the daily time frame.
- Support @36.98 from a horizontal line in the daily time frame.
- Support @32.42 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.02 to 52.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 SGDJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SGDJ is up. |
| ChartMill Relative Strength | 92.52 | POSITIVE | SGDJ has a high relative strength, it outperformed 92.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SGDJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SGDJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGDJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.96 | NEUTRAL | The RSI value for SGDJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SGDJ has a negative trend. |
| Stochastics (14,3) | 48.34 | NEUTRAL | The Stochastics value for SGDJ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for SGDJ suggests some volalility. |
| Average Directional Index/ADX (14) | 31.96 | POSITIVE | The high ADX value value for SGDJ 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 |
|---|---|---|---|
| 51.03 | 50.26 | 0.77 (1.50%) | 25.00% |
| An entry @51.03. This is a Buy Stop order right above the 10 day moving average. | An exit @50.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.77 points, which is 1.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- The distance between exit and entry is rather small compared to the average daily movement of SGDJ. 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.
50.34
-0.66 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.3%
1 Week-0.53%
2 Weeks-3.42%
1 Month9.15%
3 Month22.45%
6 Month49.36%
12 Month55.8%
2 Year79.59%
3 Year79.08%
5 Year32.16%
10 Year98.19%
15 YearN/A
Volatility
ATR(14)1.2
ATR(20)%2.3%
ATR Inc-38.77%
Range Today0.8
ADR(20)0.9
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.52
Mansfield2.43
10 Day High53.43
10 Day Low50.27
20 Day High53.43
20 Day Low46.73
52 Week High53.43
52 Week Low29.44
CS1 End48.76
CR1 Start51.02
Volume & EV
DER(3)-3.37%
DER(5)-1.87%
Volume18.60K
Volume Incr4.87%
Vol(5)36.48K
Vol(50)35.82K