GRANITESHARES GOLD TRUST (BAR) Technical Analysis
NYSEARCA:BAR • US38748G1013
Current stock price
BAR Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to BAR. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Looking at the yearly performance, BAR did better than 82% of all other stocks. We also observe that the gains produced by BAR over the past year are nicely spread over this period.
- BAR has an average volume of 1441290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- BAR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BAR is lagging the market slightly.
- In the last month BAR has a been trading in the 42.85 - 51.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BAR Weekly and Daily overview Charts
BAR Setup Rating and Analysis
BAR has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
BAR Support and Resistance Analysis
42.07
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.33 to 44.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.49 to 43.30. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.87 to 53.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
BAR Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for BAR is down. |
| ChartMill Relative Strength | 82.85 | POSITIVE | BAR has a high relative strength, it outperformed 82.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BAR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAR is below a declining 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) | 45.96 | NEUTRAL | The RSI value for BAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BAR has a positive trend. |
| Stochastics (14,3) | 47.23 | NEUTRAL | The Stochastics value for BAR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for BAR suggests some volalility. |
| Average Directional Index/ADX (14) | 22.72 | NEUTRAL | The ADX value for BAR suggests a possible start of a new trend. |
BAR Chart- and CandleStick Pattern Analysis
BAR Technicals: Chart, Performance Metrics, Trend & Indicators
46.03
-0.9 (-1.92%)
GRANITESHARES GOLD TRUST / BAR TA FAQ
Can you provide the ChartMill technical rating for GRANITESHARES GOLD TRUST?
ChartMill assigns a technical rating of 6 / 10 to BAR.
What is the current trend direction of GRANITESHARES GOLD TRUST (BAR) stock?
The current trend direction for GRANITESHARES GOLD TRUST (BAR) is Bullish.
What is the RSI signal for BAR stock?
GRANITESHARES GOLD TRUST (BAR) has an RSI value of 45.9643. This indicates that the stock is currently neutral.
What is the MACD signal for GRANITESHARES GOLD TRUST (BAR) stock?
The MACD indicator for GRANITESHARES GOLD TRUST (BAR) has a value of 0.0243581, indicating a bearish trend.
Can you provide the buy/sell signal for GRANITESHARES GOLD TRUST?
The buy/sell signal for GRANITESHARES GOLD TRUST (BAR) is hold as the short term and long term trends are mixed.