14-day Premium Trial Subscription Try For FreeTry Free

Sprott Junior Gold Miners ETF Forecast

$32.31
-0.420 (-1.28%)
At Close: Jun 21, 2024

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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.
AI Analysis of SGDJ
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Friday for Sprott Junior Gold Miners ETF after losing 1.28%
(Updated on Jun 21, 2024)

Sell candidate since Jun 07, 2024 Loss -0.15% PDF

The Sprott Junior Gold Miners ETF price fell by -1.28% on the last day (Friday, 21st Jun 2024) from $32.73 to $32.31. During the last trading day the ETF fluctuated 2.44% from a day low at $31.93 to a day high of $32.71. The price has been going up and down for this period, and there has been a -7.79% loss for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 thousand shares were bought and sold for approximately $384.04 thousand.

The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.10% during the next 3 months and, with a 90% probability hold a price between $33.03 and $39.07 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

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 $32.31 and $33.61. 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 -10.42%. 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). Sprott Junior Gold Miners gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.780 between high and low, or 2.44%. For the last week, the ETF has had daily average volatility of 2.02%.

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 24th

For the upcoming trading day on Monday, 24th we expect Sprott Junior Gold Miners ETF to open at $32.32, and during the day (based on 14 day Average True Range), to move between $31.40 and $33.22, which gives a possible trading interval of +/-$0.91 (+/-2.80%) 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 5.61% 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 (0.95%) than the resistance at $32.98 (2.07%), 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: -2.978 Sell Candidate Unchanged

Predicted Opening Price for Sprott Junior Gold Miners ETF of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$32.32 ( 0.0206%) $32.31

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 33.10 2.43%
R2 32.80 1.51%
R1 32.61 0.94%
Price 32.31
S1 32.02 -0.90%
S2 31.83 -1.47%
S3 31.54 -2.39%

Accumulated Volume Support & Resistance Levels

Level Price
R3 33.34 3.17%
R2 33.19 2.72%
R1 32.98 2.07%
Price 32.31
S1 32.00 -0.95%
S2 31.79 -1.61%
S3 31.42 -2.76%

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 21, 2024, the price of an Sprott Junior Gold Miners ETF (SGDJ) share was $32.31.

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 21, 2024, the market capitalization of Sprott Junior Gold Miners ETF is 126.368M.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT