Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
NYSE Arca
Overall IAU gets a technical rating of 10 out of 10. Both in the recent history as in the last year, IAU has proven to be a steady performer, scoring decent points in every aspect analyzed.
IAU has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 64.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.59, a Stop Loss order could be placed below this zone.
More info and screens
48.78
When analyzing the support we can see 5 important areas.
- A support zone ranging from 62.49 to 62.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 58.68 to 59.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @56.09 from a horizontal line in the daily time frame.
- A support zone ranging from 53.86 to 54.14. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @49.27 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.59 to 64.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.60 | 62.48 | 2.12 (3.28%) | 25.00% |
| An entry @64.60. This is a Buy Stop order right above the resistance zone. | An exit @62.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.12 points, which is 3.28%. | For a 0.82% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.