ISHARES GOLD BULLION ETF (CGL.CA) Stock Technical Analysis
TSX:CGL - Toronto Stock Exchange - CA46432D2014 - ETF - Currency: CAD
Overall CGL gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGL is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CGL did better than 82% of all other stocks. On top of that, CGL also shows a nice and consistent pattern of rising prices.
CGL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CGL has a been trading in the 24.75 - 26.50 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
CGL has an excellent technical rating, but the quality of the setup is only medium 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
21.66
27.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.82 to 26.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.11 from a trend line in the weekly time frame.
- Support @21.88 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.46 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 | UP | POSITIVE | The short term trend for CGL.CA is up. |
| ChartMill Relative Strength | 82.55 | POSITIVE | CGL.CA has a high relative strength, it outperformed 82.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGL.CA is above the rising 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) | 57.71 | NEUTRAL | The RSI value for CGL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CGL.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.03 | NEUTRAL | The Stochastics value for CGL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for CGL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 12.29 | NEGATIVE | The low ADX value for CGL.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 |
|---|---|---|---|
| 26.84 | 25.58 | 1.26 (4.69%) | 21.30% |
| An entry @26.84. This is a Buy Stop order right above the resistance zone. | An exit @25.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.26 points, which is 4.69%. | When investing 21.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (6/12/2025, 7:00:00 PM)
26.45
+0.38 (+1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.48%
1 Week0.84%
2 Weeks2.04%
1 Month6.57%
3 Month12.31%
6 Month26.19%
12 Month42.36%
2 Year71.36%
3 Year79.08%
5 Year77.52%
10 Year153.6%
15 Year135.74%
Volatility
ATR(14)0.33
ATR(20)%1.44%
ATR Inc-8.85%
Range Today0.16
ADR(20)0.25
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.55
Mansfield1.41
10 Day High26.5
10 Day Low25.59
20 Day High26.5
20 Day Low24.75
52 Week High27.04
52 Week Low18.28
CS1 End26.29
CR1 Start26.46
Volume & EV
DER(3)-0.36%
DER(5)-3.03%
Volume216.06K
Volume Incr1.55%
Vol(5)142.50K
Vol(50)203.41K