RING Stock Summary and Trading Ideas (iShares MSCI Global Gold Miners ETF | NASDAQ:RING)

The iShares MSCI Global Gold Miners ETF seeks to track the investment results of an index composed of global equities of companies primarily engaged in the business of gold mining. Exposure to companies that derive the majority of their revenues from gold mining.

iShares MSCI Global Gold Miners ETF trades on the NASDAQ stock market under the symbol RING.

As of April 24, 2024, RING stock price declined to $26.26 with 51,821 million shares trading.

RING has a beta of 0.62, meaning it tends to be less sensitive to market movements. RING has a correlation of 0.05 to the broad based SPY ETF.

RING has a market cap of $459.55 million. This is considered a Small Cap stock.

In the last 3 years, RING stock traded as high as $33.87 and as low as $16.80.

RING has underperformed the market in the last year with a price return of +2.0% while the SPY ETF gained +23.9%. However, in the short term, RING had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.0% vs +4.2% return in SPY. But in the last 2 weeks, RING shares have been beat by the market, returning -3.7% compared to an SPY return of -3.0%.

RING support price is $25.73 and resistance is $26.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RING stock will trade within this expected range on the day.