iShares MSCI Global Metals & Mining Producers ETF (PICK) - 13th July 2023 | @ 78 Days
'A' class signal detected in iShares MSCI Global Metals & Mining Producers ETF (PICK). Running at an average wavelength of 78 days over 10 iterations since June 2021. Currently peaking.
Instrument Summary
The iShares MSCI Global Metals & Mining Producers ETF is an exchange-traded fund that provides investors exposure to the global metals and mining industry. It tracks the MSCI ACWI Select Metals & Mining Producers Ex IMI Index and holds stocks from companies involved in metal extraction and production. Top holdings include BHP Group, Rio Tinto, Vale, Anglo American, and Glencore.
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: A - learn more
Average Wavelength: 77.9 Days
Completed Iterations: 10
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.
Current Signal Detail & Targets
Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).
Phase: Peaking / Peaked
FM: +- 3 Days
AM: 0.73721
Next Trough Range: 13th August - 19th August, 2023
Next Peak Range: 21st September - 27th September, 2023
Sigma-L Recommendation: Sell
Time Target: ~ 16th August, 2023
Current Signal Phase
This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.
Current Signal Frequency Modulation (FM)
This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.
Current Signal Amplitude Modulation (AM)
This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.