SGDM Sprott Gold Miners ETF Forecast, Technical & Fundamental Analysis

SGDM's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SGDM turned positive on January 03, 2025. Looking at past instances where SGDM's MACD turned positive, the stock continued to rise in of 45 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 January 03, 2025. You may want to consider a long position or call options on SGDM as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

SGDM moved above its 50-day moving average on January 14, 2025 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SGDM crossed bullishly above the 50-day moving average on January 21, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 SGDM advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 SGDM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SGDM broke above its upper Bollinger Band on January 08, 2025. 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.