Sprott Junior Gold Miners ETF Forecast
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:
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
Red day on Friday for Sprott Junior Gold Miners ETF after losing 1.28%
(Updated on Jun 21, 2024)
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.
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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 $32.31 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
| # | 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
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