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RING
ETF ticker: NASDAQ
AS OF
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Net Assets
429.4M

RING iShares MSCI Global Gold Miners ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for RING with price predictions
07:00 PM EST Dec 04, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Newmont Corp (NYSE:NEM), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), SSR Mining (NASDAQ:SSRM).

Industry description

The investment seeks to track the investment results of the MSCI ACWI Select Gold Miners Investable Market Index. The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index has been developed by MSCI Inc. (the "index provider" or "MSCI") to target a minimum of 30 companies in developed and emerging markets that are involved in the business of gold mining. The fund is non-diversified.

Market Cap

The average market capitalization across the iShares MSCI Global Gold Miners ETF ETF is 15.31B. The market cap for tickers in the group ranges from 793.51M to 116.34B. ANTM holds the highest valuation in this group at 116.34B. The lowest valued company is DRD at 793.51M.

High and low price notable news

The average weekly price growth across all stocks in the iShares MSCI Global Gold Miners ETF ETF was -1%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 0%. TXG experienced the highest price growth at 8%, while DRD experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the iShares MSCI Global Gold Miners ETF ETF was -37%. For the same stocks of the ETF, the average monthly volume growth was -13% and the average quarterly volume growth was 39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 52
Price Growth Rating: 47
SMR Rating: 73
Profit Risk Rating: 57
Seasonality Score: 23 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category PreciousMetals

Profile
Fundamentals
Details
Category
Equity Precious Metals
Address
iShares, Inc.400 Howard StreetSan Francisco
Phone
N/A
Web
www.ishares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RING
1D Price
Change %
RING100%
-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%
More