(NIKL) Sprott Nickel Miners - Ratings and Ratios

The Sprott Nickel Miners ETF (NASDAQ:NIKL) is a non-diversified investment fund that typically allocates at least 80% of its assets to securities within its underlying index. This index is specifically designed to monitor the performance of companies that generate a substantial portion of their revenue or assets (at least 50%) from nickel-related activities. These include mining, exploration, development, production of nickel, significant investments in nickel, or supplying nickel. The fund is categorized under Natural Resources and is traded on the NASDAQ exchange in the United States.

From a technical standpoint, NIKL has shown a recent price of $9.87 with an average 20-day volume of 17,350 shares. Its short-term moving averages (SMA 20 and SMA 50) are slightly above its current price, at $9.93 and $10.26, respectively, while its long-term SMA 200 stands at $11.87. The Average True Range (ATR) of 0.22 indicates moderate price volatility. The funds assets under management (AUM) are currently $11.02 million, reflecting its relatively small size in the ETF market.

Based on the provided data, the 3-month forecast for NIKL suggests that if the price breaks below the $9.50 support level, it may target the $9.00 mark. Conversely, if it rebounds and surpasses the $10.50 resistance level, it could signal a potential trend reversal. Investors should consider these technical levels and the broader market trends in nickel when evaluating the funds outlook.