SPROTT GOLD MINERS ETF (SGDM) Technical Analysis
NYSEARCA:SGDM • US85210B1026
Current stock price
SGDM Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to SGDM. SGDM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- When comparing the yearly performance of all stocks, we notice that SGDM is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by SGDM over the past year are nicely spread over this period.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- SGDM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SGDM is lagging the market slightly.
- In the last month SGDM has a been trading in the 65.72 - 87.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SGDM Weekly and Daily overview Charts
SGDM Setup Rating and Analysis
SGDM has an average technical rating and it also 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
SGDM Support and Resistance Analysis
64.79
We found 2 important support areas.
- A support zone ranging from 67.96 to 68.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @65.44 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 78.59 to 79.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
SGDM Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for SGDM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SGDM is neutral. |
| ChartMill Relative Strength | 92.64 | POSITIVE | SGDM has a high relative strength, it outperformed 92.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SGDM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGDM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SGDM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.4 | NEUTRAL | The RSI value for SGDM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.79 | POSITIVE | The MACD value suggests SGDM has a positive trend. |
| Stochastics (14,3) | 74.8 | NEUTRAL | The Stochastics value for SGDM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for SGDM suggests some volalility. |
| Average Directional Index/ADX (14) | 30.33 | POSITIVE | The high ADX value value for SGDM suggests a strong trend. |
SGDM Chart- and CandleStick Pattern Analysis
SGDM Technicals: Chart, Performance Metrics, Trend & Indicators
78.58
-0.54 (-0.68%)
SPROTT GOLD MINERS ETF / SGDM TA FAQ
What is the ChartMill technical rating of SPROTT GOLD MINERS ETF (SGDM) stock?
ChartMill assigns a technical rating of 6 / 10 to SGDM.
Can you provide the trend direction for SPROTT GOLD MINERS ETF?
The current trend direction for SPROTT GOLD MINERS ETF (SGDM) is Bearish.
What is the RSI signal for SGDM stock?
SPROTT GOLD MINERS ETF (SGDM) has an RSI value of 52.4039. This indicates that the stock is currently neutral.
What is the MACD signal for SGDM stock?
The MACD indicator for SPROTT GOLD MINERS ETF (SGDM) has a value of 0.790741, indicating a bearish trend.
What is the short term momentum for SPROTT GOLD MINERS ETF (SGDM) stock?
The short term momentum for SPROTT GOLD MINERS ETF (SGDM) is neutral.