SGDM Sprott Gold Miners ETF Forecast, Technical & Fundamental Analysis
The investment seeks results that correspond (before fees and expenses) to the performance of the Solactive Gold Miners Custom Factors Total Return Index... Show more
Momentum Indicator for SGDM turns positive, indicating new upward trend
SGDM saw its Momentum Indicator move above the 0 level on April 09, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 93 similar instances where the indicator turned positive. In of the 93 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for SGDM just turned positive on April 11, 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SGDM advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 201 cases where SGDM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 April 11, 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.
General Information
Category PreciousMetals
SGDM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, SGDM has been closely correlated with RING. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if SGDM jumps, then RING could also see price increases.
| Ticker / NAME | Correlation To SGDM | 1D Price Change % | ||
|---|---|---|---|---|
| SGDM | 100% | -1.15% | ||
| RING - SGDM | 93% Closely correlated | -1.80% | ||
| GDX - SGDM | 93% Closely correlated | -1.91% | ||
| GDXJ - SGDM | 91% Closely correlated | -1.57% | ||
| SIL - SGDM | 88% Closely correlated | -1.47% | ||
| SILJ - SGDM | 88% Closely correlated | -2.10% | ||
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