The Royal Mint Physical Gold Etc ETF Forecast

The Royal Mint Physical Gold Etc ETF price down 1.35% on Wednesday
(Updated on Jun 19, 2024)

RMAU.L Signals & Forecast

There are few to no technical positive signals at the moment. The The Royal Mint Physical Gold Etc ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £22.94 and £23.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for The Royal Mint Physical Gold Etc ETF

The Royal Mint Physical Gold Etc finds support from accumulated volume at £21.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.81%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RMAU.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect The Royal Mint Physical Gold Etc Securities to open at £22.70, and during the day (based on 14 day Average True Range), to move between £22.40 and £23.00, which gives a possible trading interval of +/-£0.302 (+/-1.33%) up or down from last closing price. If The Royal Mint Physical Gold Etc Securities takes out the full calculated possible swing range there will be an estimated 2.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £23.29 (2.60%) than the support at £21.98 (3.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is The Royal Mint Physical Gold Etc Securities ETF A Buy?

The The Royal Mint Physical Gold Etc ETF holds several negative signals and despite the positive trend, we believe The Royal Mint Physical Gold Etc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -2.325 Sell Candidate Unchanged

Predicted Opening Price for The Royal Mint Physical Gold Etc Securities of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.