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Sprott Junior Gold Miners ETF Forecast

$32.20
+0.270 (+0.85%)
At Close: Jun 14, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Sprott Junior Gold Miners ETF price ended at $32.20 on Friday, after gaining 0.85%.
(Updated on Jun 14, 2024)

Sell candidate since Jun 07, 2024 Loss -0.49% PDF

The Sprott Junior Gold Miners ETF price gained 0.85% on the last trading day (Friday, 14th Jun 2024), rising from $31.93 to $32.20. During the last trading day the ETF fluctuated 1.31% from a day low at $31.94 to a day high of $32.36. The price has risen in 6 of the last 10 days but is still down by -6.86% for this period. Volume fell on the last day by -13 thousand shares and in total, 8 thousand shares were bought and sold for approximately $248.10 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $31.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 11.38% during the next 3 months and, with a 90% probability hold a price between $35.63 and $41.38 at the end of this 3-month period.

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SGDJ Signals & Forecast

There are few to no technical positive signals at the moment. The Sprott Junior Gold Miners 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 $32.80 and $33.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -10.73%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Sprott Junior Gold Miners ETF

Sprott Junior Gold Miners finds support from accumulated volume at $32.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.420 between high and low, or 1.31%. For the last week the ETF has had daily average volatility of 2.11%.

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

Trading Expectations (SGDJ) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Sprott Junior Gold Miners ETF to open at $32.17, and during the day (based on 14 day Average True Range), to move between $31.25 and $33.15, which gives a possible trading interval of +/-$0.95 (+/-2.96%) up or down from last closing price. If Sprott Junior Gold Miners ETF takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $32.00 (0.61%) than the resistance at $32.98 (2.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sprott Junior Gold Miners ETF ETF A Buy?

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

Current score: -4.397 Sell Candidate Unchanged

Predicted Opening Price for Sprott Junior Gold Miners ETF of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$32.17 ( 0.104%) $32.20

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

Trading levels for SGDJ

Fibonacci Support & Resistance Levels

Level Price
R3 32.59 1.20%
R2 32.43 0.703%
R1 32.33 0.395%
Price 32.20
S1 32.01 -0.602%
S2 31.91 -0.91%
S3 31.75 -1.41%

Accumulated Volume Support & Resistance Levels

Level Price
R3 33.34 3.52%
R2 33.19 3.07%
R1 32.98 2.42%
Price 32.20
S1 32.00 -0.608%
S2 31.79 -1.27%
S3 31.42 -2.43%

SGDJ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 14, 2023 Dec 14, 2023 Dec 14, 2023 $1.34 4.61%
2 Dec 14, 2022 Dec 15, 2022 Dec 22, 2022 $0.709 2.47%
3 Dec 14, 2021 Dec 15, 2021 Dec 22, 2021 $0.90 2.26%
4 Dec 15, 2020 Dec 16, 2020 Dec 23, 2020 $0.97 2.02%
5 Dec 18, 2019 Dec 19, 2019 Dec 27, 2019 $0.220 0.672%

FAQ

What is the symbol for Sprott Junior Gold Miners ETF ETF and on which exchange is it traded?
The symbol for Sprott Junior Gold Miners ETF is SGDJ and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell Sprott Junior Gold Miners ETF ETF?
The Sprott Junior Gold Miners ETF holds several negative signals and despite the positive trend, we believe Sprott Junior Gold Miners will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

How to buy Sprott Junior Gold Miners ETF ETF?
Sprott Junior Gold Miners ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sprott Junior Gold Miners ETF ETF.

What's the current price of Sprott Junior Gold Miners ETF ETF?
As of the end of day on the Jun 14, 2024, the price of an Sprott Junior Gold Miners ETF (SGDJ) share was $32.20.

What is the 52-week high and low for Sprott Junior Gold Miners ETF ETF?
The 52-week high for Sprott Junior Gold Miners ETF ETF is $36.45 and the 52-week low is $24.07.

What is the market capitalization of Sprott Junior Gold Miners ETF ETF?
As of the Jun 14, 2024, the market capitalization of Sprott Junior Gold Miners ETF is 124.245M.
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About Sprott Junior Gold Miners ETF

SGDJ was created on 03/31/15 by Sprott, Inc.. The ETF tracks an equity index of small-cap gold mining firms. Stocks are weighted by price momentum for gold explorers and by revenue growth for gold developers.... SGDJ Profile

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