ISHARES GOLD BULLION ETF (CGL.CA) Stock Technical Analysis
TSX:CGL - Toronto Stock Exchange - CA46432D2014 - ETF - Currency: CAD
Taking everything into account, CGL scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CGL is only an average performer.
CGL has only a medium technical rating, but it does show 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 26.08, a Stop Loss order could be placed below this zone.
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23.68
2 important support areas can be observed.
- A support zone ranging from 25.30 to 26.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.92 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @26.29 from a horizontal line in the daily time frame.
- 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 | UP | POSITIVE | The short term trend for CGL.CA is up. |
| ChartMill Relative Strength | 68.59 | NEUTRAL | CGL.CA is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CGL.CA is above a declining 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) | 52.98 | NEUTRAL | The RSI value for CGL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CGL.CA has a positive trend. |
| Stochastics (14,3) | 60.98 | NEUTRAL | The Stochastics value for CGL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for CGL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 9.58 | NEGATIVE | The low ADX value for CGL.CA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 26.30 | 25.42 | 0.88 (3.35%) | 25.00% |
| An entry @26.30. This is a Buy Stop order right above the resistance zone. | An exit @25.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.88 points, which is 3.35%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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 (8/6/2025, 7:00:00 PM)
26.21
-0.09 (-0.34%)