GRANITESHARES GOLD TRUST (BAR) Stock Technical Analysis
USA - NYSEARCA:BAR - US38748G1013 - ETF
Taking everything into account, BAR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, BAR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although BAR has an excellent technical rating, it does not offer a high quality setup 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
30.36
When analyzing the support we can see 5 important areas.
- Support @34.64 from a trend line in the daily time frame.
- Support @33.24 from a trend line in the daily time frame.
- Support @32.58 from a horizontal line in the daily time frame.
- A support zone ranging from 31.61 to 31.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.67 from a trend line in the weekly time frame.
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 | 85.61 | POSITIVE | BAR has a high relative strength, it outperformed 85.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BAR is below 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) | 50.06 | NEUTRAL | The RSI value for BAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests BAR has a negative trend. |
| Stochastics (14,3) | 29.46 | NEUTRAL | The Stochastics value for BAR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for BAR suggests some volalility. |
| Average Directional Index/ADX (14) | 37.13 | POSITIVE | The high ADX value value for BAR suggests a strong trend. |
39.32
-1.13 (-2.79%)
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.
What is the trend direction for BAR stock?
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 50.0595. This indicates that the stock is currently neutral.
What is the MACD signal for BAR stock?
The MACD indicator for GRANITESHARES GOLD TRUST (BAR) has a value of -0.280195, indicating a bearish trend.
What is the support and resistance level for BAR stock?
GRANITESHARES GOLD TRUST (BAR) has a support level at 34.64. Check the full technical report for our detailed analysis of BAR support and resistance levels.