ISHARES GOLD BULLION ETF (CGL.CA) Stock Technical Analysis
TSX:CGL - Toronto Stock Exchange - CA46432D2014 - ETF - Currency: CAD
Taking everything into account, CGL scores 5 out of 10 in our technical rating. CGL 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.
Although the technical rating is only medium, CGL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.98, a Stop Loss order could be placed below this zone.
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23.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.30 to 25.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.62 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 26.07 to 26.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.80 to 26.83. 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 CGL.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGL.CA is neutral. |
| ChartMill Relative Strength | 69.3 | NEUTRAL | CGL.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGL.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.65 | NEUTRAL | The RSI value for CGL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CGL.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.72 | NEUTRAL | The Stochastics value for CGL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for CGL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 8.48 | NEGATIVE | The low ADX value for CGL.CA suggests a weak or negative trend. |
TSX:CGL (7/14/2025, 7:00:00 PM)
26.04
-0.11 (-0.42%)