ISHARES GOLD BULLION FUND (CGL-C.CA) Stock Technical Analysis
TSX:CGL-C - Toronto Stock Exchange - CA46432D1024 - ETF - Currency: CAD
Overall CGL-C gets a technical rating of 4 out of 10. CGL-C has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
CGL-C has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 38.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.41, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
36.76
We found 1 important support area.
- A support zone ranging from 37.13 to 38.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.60 to 39.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.87 to 39.88. This zone is formed by a combination of multiple trend lines in the daily 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 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 | 69.71 | NEUTRAL | CGL-C.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGL-C.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CGL-C.CA is above a declining 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) | 53.31 | NEUTRAL | The RSI value for CGL-C.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CGL-C.CA has a positive trend. |
| Stochastics (14,3) | 81.25 | OVERBOUGHT | The high Stochastics value suggests CGL-C.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for CGL-C.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 9.65 | NEGATIVE | The low ADX value for CGL-C.CA suggests a weak or negative trend. |
TSX:CGL-C (7/17/2025, 7:00:00 PM)
38.565
+0.07 (+0.19%)