ISHARES MSCI GLOBAL GOLD MIN (RING) Stock Technical Analysis
NASDAQ:RING - Nasdaq - US46434G8556 - ETF - Currency: USD
Taking everything into account, RING scores 10 out of 10 in our technical rating. RING has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, RING did better than 91% of all other stocks. On top of that, RING also shows a nice and consistent pattern of rising prices.
RING is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RING is lagging the market slightly.
RING is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Although RING has an excellent technical rating, it does not present a decent entry opportunity 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
27.60
36.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.66 to 33.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.76 from a trend line in the weekly time frame.
- Support @28.64 from a trend line in the daily time frame.
- Support @27.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.45 to 36.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.73
Mansfield0.62
10 Day High35.6
10 Day Low33.96
20 Day High35.6
20 Day Low30.74
52 Week High36.5
52 Week Low20.32
Performance
1 Week-4.04%
2 Weeks-0.85%
1 Month8.8%
3 Month8.25%
6 Month3.75%
12 Month61.21%
2 Year58.14%
3 Year21.21%
5 Year55.89%
10 Year93.84%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)55.88
LBB33.05
UBB35.84
34
-1.3 (-3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.68%
1 Week-4.04%
2 Weeks-0.85%
1 Month8.8%
3 Month8.25%
6 Month3.75%
12 Month61.21%
2 Year58.14%
3 Year21.21%
5 Year55.89%
10 Year93.84%
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%2.44%
ATR Inc29.37%
Range Today1.05
ADR(20)0.68
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.73
Mansfield0.62
10 Day High35.6
10 Day Low33.96
20 Day High35.6
20 Day Low30.74
52 Week High36.5
52 Week Low20.32
CS1 End33.99
CR1 Start36.45
Volume & EV
DER(3)0.52%
DER(5)0.45%
Volume1.19M
Volume Incr204.36%
Vol(5)445.04K
Vol(50)268.26K