RING iShares MSCI Global Gold Miners ETF Forecast, Technical & Fundamental Analysis
RING's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for RING turned positive on November 21, 2023. Looking at past instances where RING's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on RING as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
RING moved above its 50-day moving average on November 16, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for RING crossed bullishly above the 50-day moving average on November 24, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RING advanced for three days, in of 288 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for RING moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RING declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RING broke above its upper Bollinger Band on November 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for RING entered a downward trend on November 22, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category PreciousMetals
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ILGEX | 17.18 | 0.03 | +0.17% |
| Columbia Integrated Large Cap Gr R | |||
| DOMOX | 7.97 | -0.01 | -0.13% |
| Domini Impact International Equity Instl | |||
| GAGCX | 29.02 | -0.19 | -0.65% |
| Gabelli Global Rising Income and Div AAA | |||
| VEXPX | 103.20 | -1.32 | -1.26% |
| Vanguard Explorer Inv | |||
| PCSMX | 13.11 | -0.17 | -1.28% |
| Principal SmallCap Growth I R6 | |||
RING and
Correlation & Price change
A.I.dvisor indicates that over the last year, RING has been closely correlated with GDX. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if RING jumps, then GDX could also see price increases.
| Ticker / NAME | Correlation To RING | 1D Price Change % | ||
|---|---|---|---|---|
| RING | 100% | -1.51% | ||
| GDX - RING | 98% Closely correlated | -1.74% | ||
| GDXJ - RING | 96% Closely correlated | -2.14% | ||
| SIL - RING | 93% Closely correlated | -1.84% | ||
| SGDM - RING | 93% Closely correlated | -2.10% | ||
| GOAU - RING | 92% Closely correlated | -2.02% | ||
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