ISHARES GOLD BULLION FUND (CGL-C.CA) Stock Technical Analysis
TSX:CGL-C - Toronto Stock Exchange - CA46432D1024 - ETF - Currency: CAD
We assign a technical rating of 8 out of 10 to CGL-C. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, CGL-C did better than 82% of all other stocks. On top of that, CGL-C also shows a nice and consistent pattern of rising prices.
CGL-C is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CGL-C is lagging the market slightly.
In the last month CGL-C has a been trading in a tight range between 37.23 and 39.20.
Considerably lower volume is observed in the last couple of days.
CGL-C has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 38.11, a Stop Loss order could be placed below this zone.
More info and screens
34.38
40.28
3 important support areas can be observed.
- A support zone ranging from 37.34 to 38.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.59 to 35.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 38.36 to 39.88. This zone is formed by a combination of multiple trend lines and important moving averages 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 CGL-C.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGL-C.CA is neutral. |
| ChartMill Relative Strength | 82.79 | POSITIVE | CGL-C.CA has a high relative strength, it outperformed 82.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGL-C.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGL-C.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGL-C.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.15 | NEUTRAL | The RSI value for CGL-C.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CGL-C.CA has a negative trend. |
| Stochastics (14,3) | 66.43 | NEUTRAL | The Stochastics value for CGL-C.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for CGL-C.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 7.8 | NEGATIVE | The low ADX value for CGL-C.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 38.52 | 37.95 | 0.57 (1.47%) | 25.00% |
| An entry @38.52. This is a Buy Stop order right above the 10 day moving average. | An exit @37.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.57 points, which is 1.47%. | For a 0.37% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CGL-C. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:CGL-C (6/6/2025, 7:00:00 PM)
38.14
-0.43 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.11%
1 Week0.42%
2 Weeks-1.62%
1 Month-1.47%
3 Month8.26%
6 Month21.58%
12 Month43.11%
2 Year76.33%
3 Year91.75%
5 Year81.97%
10 Year191.37%
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%1.39%
ATR Inc-13.12%
Range Today0.47
ADR(20)0.34
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.79
Mansfield1.18
10 Day High38.96
10 Day Low37.96
20 Day High39.2
20 Day Low37.23
52 Week High40.18
52 Week Low26.58
CS1 End38.11
CR1 Start38.36
Volume & EV
DER(3)-0.12%
DER(5)-0.6%
Volume15.33K
Volume Incr-35.7%
Vol(5)17.83K
Vol(50)45.97K