We assign a technical rating of 10 out of 10 to BAR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BAR is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that BAR is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, BAR also shows a nice and consistent pattern of rising prices.
- BAR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month BAR has a been trading in the 42.38 - 45.73 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, BAR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
31.50
We found 4 important support areas.
- A support zone ranging from 43.65 to 44.00. 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 38.82 to 39.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.16 from a trend line in the daily time frame.
- Support @31.82 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.17 to 45.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BAR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BAR is up. |
| ChartMill Relative Strength | 90.06 | POSITIVE | BAR has a high relative strength, it outperformed 90.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BAR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.77 | NEUTRAL | The RSI value for BAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.95 | OVERBOUGHT | The high Stochastics value suggests BAR may be overbought. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for BAR suggests low volalility. |
| Average Directional Index/ADX (14) | 28.7 | POSITIVE | The high ADX value value for BAR suggests a strong trend. |
45.16
-0.21 (-0.46%)
GRANITESHARES GOLD TRUST / BAR FAQ
Can you provide the ChartMill technical rating for GRANITESHARES GOLD TRUST?
ChartMill assigns a technical rating of 10 / 10 to BAR.
Can you provide the trend direction for GRANITESHARES GOLD TRUST?
The current trend direction for GRANITESHARES GOLD TRUST (BAR) is Bullish.
Can you provide the RSI signal for GRANITESHARES GOLD TRUST?
GRANITESHARES GOLD TRUST (BAR) has an RSI value of 64.7747. This indicates that the stock is currently neutral.
What is the short term momentum for BAR stock?
The short term momentum for GRANITESHARES GOLD TRUST (BAR) is positive.
Can you provide the support and resistance levels for GRANITESHARES GOLD TRUST?
GRANITESHARES GOLD TRUST (BAR) has a support level at 44 and a resistance level at 45.17. Check the full technical report for our detailed analysis of BAR support and resistance levels.