VANECK GOLD MINERS ETF - Daily - Technical analysis published on 06/05/2020 (GMT)
- Who voted?
- 235
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 31.20 USD
My targets
33.74 USD (+5.73%)
34.37 USD (+7.72%)
My analysis
With a bullish background trend, the price of VANECK VECTORS GOLD MINERS ETF is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 31.20 USD. A bullish break in the resistance located at 33.74 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 34.37 USD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 33.74 USD before allowing yourself to re trade long positions (at purchase) on VANECK VECTORS GOLD MINERS ETF. PS: if there is a bearish break in the support located at 31.20 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
0.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Picoul. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The VANECK VECTORS GOLD MINERS ETF price is 31.91 USD. On the day, this instrument lost -3.62% and was traded between 31.22 USD and 32.22 USD over the period. The price is currently at +2.21% from its lowest and -0.96% from its highest.31.22
32.22
31.91
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this VANECK VECTORS GOLD MINERS ETF chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 2
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.52 | 27.77 | 31.20 | 31.91 | 33.74 | 37.21 | 42.34 |
| Change (%) | -20.03% | -12.97% | -2.23% | - | +5.73% | +16.61% | +32.69% |
| Change | -6.39 | -4.14 | -0.71 | - | +1.83 | +5.30 | +10.43 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.16 | 31.79 | 32.31 | 32.95 | 33.47 | 34.11 | 34.63 |
| Camarilla | 32.91 | 32.97 | 33.04 | 33.11 | 33.18 | 33.25 | 33.15 |
| Woodie | 32.00 | 32.42 | 32.74 | 33.16 | 33.48 | 33.90 | 34.22 |
| Fibonacci | 32.44 | 32.72 | 32.89 | 33.18 | 33.46 | 33.63 | 33.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.94 | 31.24 | 32.78 | 34.08 | 35.62 | 36.92 | 38.46 |
| Camarilla | 33.54 | 33.80 | 34.06 | 34.32 | 34.58 | 34.84 | 35.10 |
| Woodie | 30.06 | 31.30 | 32.90 | 34.14 | 35.74 | 36.98 | 38.58 |
| Fibonacci | 31.24 | 32.33 | 33.00 | 34.08 | 35.17 | 35.84 | 36.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.08 | 28.19 | 31.26 | 34.37 | 37.44 | 40.55 | 43.62 |
| Camarilla | 32.62 | 33.19 | 33.75 | 34.32 | 34.89 | 35.45 | 36.02 |
| Woodie | 25.05 | 28.18 | 31.23 | 34.36 | 37.41 | 40.54 | 43.59 |
| Fibonacci | 28.19 | 30.55 | 32.01 | 34.37 | 36.73 | 38.19 | 40.55 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.20 | |
| MACD (12,26,9): | 0.1700 | |
| Directional Movement: | -14.12 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 34.42 | |
| Parabolic SAR (0,02-0,02-0,2): | 36.04 | |
| Elder Ray (13): | -2.20 | |
| Super Trend (3,10): | 35.81 | |
| Zig ZAG (10): | 31.53 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 8.90 | |
| TEMA (21): | 33.42 | |
| Williams %R (14): | -92.34 | |
| Chande Momentum Oscillator (20): | -5.45 | |
| Repulse (5,40,3): | -2.7200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3500 | |
| Courbe Coppock: | 9.78 |
| MA7: | 33.69 | |
| MA20: | 34.80 | |
| MA50: | 31.69 | |
| MA100: | 29.55 | |
| MAexp7: | 33.45 | |
| MAexp20: | 34.13 | |
| MAexp50: | 32.35 | |
| MAexp100: | 30.59 | |
| Price / MA7: | -5.28% | |
| Price / MA20: | -8.30% | |
| Price / MA50: | +0.69% | |
| Price / MA100: | +7.99% | |
| Price / MAexp7: | -4.60% | |
| Price / MAexp20: | -6.50% | |
| Price / MAexp50: | -1.36% | |
| Price / MAexp100: | +4.32% |
Quotes :
2020-06-05 14:17:07
-
15 min delayed data
-
NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis VANECK GOLD MINERS ETF - Daily