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.
Although BAR has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
31.23
5 important support areas can be observed.
- A support zone ranging from 42.41 to 43.23. 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 @36.08 from a trend line in the daily time frame.
- Support @32.66 from a trend line in the weekly time frame.
- A support zone ranging from 31.55 to 31.82. 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 | 92.73 | POSITIVE | BAR has a high relative strength, it outperformed 92.73% 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) | 80.42 | OVERBOUGHT | The high RSI value suggests BAR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests BAR has a positive trend. |
| Stochastics (14,3) | 96.46 | OVERBOUGHT | The high Stochastics value suggests BAR may be overbought. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for BAR suggests low volalility. |
| Average Directional Index/ADX (14) | 36.08 | POSITIVE | The high ADX value value for BAR suggests a strong trend. |
44.66
+0.52 (+1.18%)
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 80.4235. This indicates that the stock is currently overbought.
What is the MACD signal for BAR stock?
The MACD indicator for GRANITESHARES GOLD TRUST (BAR) has a value of 0.202093, indicating a bearish trend.
What is the support and resistance level for BAR stock?
GRANITESHARES GOLD TRUST (BAR) has a support level at 43.23. Check the full technical report for our detailed analysis of BAR support and resistance levels.