Technical Analysis for GMET - VanEck Green Metals ETF

Grade Last Price % Change Price Change
B 26.93 -0.12% -0.03
GMET closed down 0.12 percent on Friday, May 31, 2024, on 28 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Stochastic Reached Oversold Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Gapped Down Weakness -0.12%
Fell Below 20 DMA Bearish -0.62%
Gapped Down Weakness -0.62%
Narrow Range Bar Range Contraction -3.19%
Gapped Up Strength -3.19%
Crossed Above 20 DMA Bullish -0.91%

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Profile

VanEck Green Metals ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.
Classification

Keywords: Metals Recycling Fossil Fuel Energy Transition

Top 10 Components

Symbol Grade Price % Change Allocation
FCX B 0.80 8.67
ALB D -0.96 4.40
SCCO C -0.04 4.06
SBSW D -0.98 1.11
SQM C -0.11 1.08
MP D 1.57 0.82

Is GMET a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 28.97
52 Week Low 20.47
Average Volume 5,851
200-Day Moving Average 23.67
50-Day Moving Average 26.03
20-Day Moving Average 27.33
10-Day Moving Average 27.61
Average True Range 0.53
RSI (14) 50.50
ADX 23.04
+DI 35.53
-DI 35.46
Chandelier Exit (Long, 3 ATRs) 27.37
Chandelier Exit (Short, 3 ATRs) 27.40
Upper Bollinger Bands 28.66
Lower Bollinger Band 26.00
Percent B (%b) 0.35
BandWidth 9.75
MACD Line 0.37
MACD Signal Line 0.56
MACD Histogram -0.186
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.46
Resistance 3 (R3) 27.43 27.22 27.37
Resistance 2 (R2) 27.22 27.09 27.24 27.34
Resistance 1 (R1) 27.08 27.01 26.98 27.11 27.31
Pivot Point 26.87 26.87 26.82 26.89 26.87
Support 1 (S1) 26.73 26.74 26.63 26.76 26.55
Support 2 (S2) 26.52 26.66 26.54 26.52
Support 3 (S3) 26.38 26.52 26.49
Support 4 (S4) 26.41